Monroe Capital (NASDAQ:MRCC) Upgraded at StockNews.com

StockNews.com upgraded shares of Monroe Capital (NASDAQ:MRCC) from a hold rating to a buy rating in a research note issued to investors on Thursday.

Separately, B. Riley cut shares of Monroe Capital from a “neutral” rating to a “sell” rating and set a $7.25 target price on the stock. in a research note on Wednesday, December 11th.

Monroe Capital Stock Performance

MRCC opened at $8.13 on Thursday. Monroe Capital has a fifty-two week low of $6.77 and a fifty-two week high of $8.74. The company has a current ratio of 4.37, a quick ratio of 4.37 and a debt-to-equity ratio of 1.49. The firm’s fifty day moving average price is $8.25 and its two-hundred day moving average price is $7.91.

Monroe Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, December 16th. This represents a $1.00 annualized dividend and a yield of 12.30%. Monroe Capital’s dividend payout ratio is currently 166.67%.

Institutional Investors Weigh In On Monroe Capital

Institutional investors and hedge funds have recently made changes to their positions in the company. Rothschild Investment LLC bought a new position in Monroe Capital during the 2nd quarter valued at about $76,000. Private Advisor Group LLC bought a new position in shares of Monroe Capital in the third quarter valued at approximately $104,000. Garden State Investment Advisory Services LLC acquired a new position in shares of Monroe Capital in the 3rd quarter worth approximately $210,000. Ritholtz Wealth Management grew its position in Monroe Capital by 162.7% during the 2nd quarter. Ritholtz Wealth Management now owns 40,394 shares of the financial services provider’s stock worth $307,000 after acquiring an additional 25,016 shares during the last quarter. Finally, HB Wealth Management LLC increased its holdings in Monroe Capital by 6.7% during the 2nd quarter. HB Wealth Management LLC now owns 53,323 shares of the financial services provider’s stock valued at $406,000 after purchasing an additional 3,356 shares in the last quarter.

Monroe Capital Company Profile

Monroe Capital Corporation is a business development company specializing in customized financing solutions in senior, unitranche and junior secured debt, subordinated debt financing and to a lesser extent, unsecured debt and equity, including equity co-investments in preferred and common stock and warrants.