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Monroe Capital ( (MRCC) ) has shared an announcement.
Monroe Capital Corporation and Life Insurance Company of the Southwest have been co-investing in senior secured loans through MRCC Senior Loan Fund I, LLC since 2017. In preparation for a proposed merger with Horizon Technology Finance Corporation, the companies have initiated the wind-down and dissolution of the fund, with the process expected to be completed by December 31, 2025. The company anticipates no early termination penalties or continuing obligations following the dissolution.
The most recent analyst rating on (MRCC) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on Monroe Capital stock, see the MRCC Stock Forecast page.
Spark’s Take on MRCC Stock
According to Spark, TipRanks’ AI Analyst, MRCC is a Neutral.
Monroe Capital’s strong financial performance, characterized by robust revenue growth and improved financial stability, is the most significant factor in its overall score. The technical analysis suggests a neutral trend with potential short-term corrections, while the high dividend yield offers an attractive incentive for investors. However, the negative P/E ratio raises concerns about profitability, slightly offsetting the positive aspects.
To see Spark’s full report on MRCC stock, click here.
More about Monroe Capital
Monroe Capital Corporation is involved in the financial services industry, focusing on co-investing in senior secured loans.
Average Trading Volume: 87,581
Technical Sentiment Signal: Hold
Current Market Cap: $144.3M
Learn more about MRCC stock on TipRanks’ Stock Analysis page.