Monroe Capital (NASDAQ:MRCC) Upgraded by StockNews.com to Buy Rating

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

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

Monroe Capital Stock Up 0.4 %

MRCC stock opened at $8.04 on Thursday. 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 has a 50 day simple moving average of $8.25 and a 200-day simple moving average of $7.90. The company has a market capitalization of $174.23 million, a P/E ratio of 13.40 and a beta of 1.04. Monroe Capital has a twelve month low of $6.77 and a twelve month high of $8.74.

Monroe Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a yield of 12.44%. Monroe Capital’s payout ratio is currently 166.67%.

Hedge Funds Weigh In On Monroe Capital

Several hedge funds and other institutional investors have recently modified their holdings of MRCC. HB Wealth Management LLC lifted its position in Monroe Capital by 6.7% in 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 during the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Monroe Capital by 2.8% during the second quarter. Commonwealth Equity Services LLC now owns 138,069 shares of the financial services provider’s stock worth $1,051,000 after buying an additional 3,749 shares during the period. Rothschild Investment LLC bought a new position in Monroe Capital in the 2nd quarter worth approximately $76,000. Private Advisor Group LLC acquired a new stake in Monroe Capital in the 3rd quarter valued at approximately $104,000. Finally, Ritholtz Wealth Management raised its stake 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 valued at $307,000 after acquiring an additional 25,016 shares in the last quarter.

About Monroe Capital

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.