Ladenburg lowered the firm’s price target on Monroe Capital to $9 from $9.50 and keeps a Buy rating on the shares following the Q4 report. The results reflected continued contraction of Monroe’s investment portfolio as repayments continued to outpace new investments in Q4, the analyst tells investors in a research note. The firm cites valuation for its continued Buy rating.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on MRCC:
- Monroe Capital reports Q4 adjusted EPS 26c, consensus 27c
- Monroe Capital Corporation BDC Announces Fourth Quarter and Full Year 2023 Results
- MRCC Upcoming Earnings Report: What to Expect?
- Monroe Capital Announces First Quarter Distribution Increase
- Monroe Capital Corporation Announces First Quarter Distribution of $0.25 Per Share