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Fly News Breaks for November 7, 2018
MRCC
Nov 7, 2018 | 07:33 EDT
As previously reported, JMP Securities analyst Christopher York downgraded Monroe Capital to Market Perform from Outperform, citing its increasing credit costs and his reduced confidence in its outlook. Book value per share has declined for seven consecutive quarters and adjusted NII/share included lower than expected incentive fees for the fourth consecutive quarter in Q3, York tells investors.
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