B. Riley lowered the firm’s price target on Monroe Capital to $7.50 from $8 and keeps a Neutral rating on the shares. The company’s Q3 results were disappointing with lower than expected net interest income per share, compression in net asset value, and higher balance sheet leverage, the analyst tells investors in a research note.
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 price target lowered to $9.50 from $10.50 at Ladenburg
- Monroe Capital reports Q3 adjusted EPS 25c, consensus 27c
- Monroe Capital Corporation BDC Announces Third Quarter 2023 Results
- Monroe Capital (MRCC) Q3 Earnings Cheat Sheet
- Monroe Capital Corporation Schedules Third Quarter 2023 Earnings Release and Conference Call