MLV Reiterates Buy On Monroe Capital Shares, $14 PT

In a research report issued today, MLV analyst Christopher Nolan reiterated a Buy rating on Monroe Capital (NASDAQ:MRCC) with a price target of $14.00, which represents a slight upside potential from current levels.

Nolan said, “Relative to 2Q14, we think 3Q earnings will reflect growing investment asset volumes and slightly lower investment yields. We expect SBIC borrowings will drive incremental balance sheet and earnings growth. We anticipate the dividend will be fully covered by net investment income going forward.”

According to, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Christopher Nolan has a total average return of 14.3% and a 100.0% success rate. Nolan is ranked #2128 out of 3354 analysts.

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