Monroe Capital (NASDAQ:MRCC) Rating Lowered to Hold at StockNews.com

StockNews.com lowered shares of Monroe Capital (NASDAQ:MRCC) from a buy rating to a hold rating in a research report released on Monday morning.

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

Monroe Capital Price Performance

NASDAQ MRCC opened at $8.18 on Monday. The company has a 50-day moving average price of $8.51 and a two-hundred day moving average price of $8.25. Monroe Capital has a 52 week low of $6.97 and a 52 week high of $8.85. The stock has a market cap of $177.23 million, a price-to-earnings ratio of 13.63 and a beta of 1.03. The company has a current ratio of 4.37, a quick ratio of 4.37 and a debt-to-equity ratio of 1.49.

Monroe Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.22%. Monroe Capital’s dividend payout ratio (DPR) is 166.67%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MRCC. Blair William & Co. IL lifted its position in Monroe Capital by 0.4% in the fourth quarter. Blair William & Co. IL now owns 428,187 shares of the financial services provider’s stock worth $3,640,000 after purchasing an additional 1,735 shares during the period. International Assets Investment Management LLC raised its stake in shares of Monroe Capital by 708.0% in the 3rd quarter. International Assets Investment Management LLC now owns 220,600 shares of the financial services provider’s stock worth $1,782,000 after buying an additional 193,298 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in shares of Monroe Capital by 13.7% in the fourth quarter. Two Sigma Advisers LP now owns 181,700 shares of the financial services provider’s stock valued at $1,544,000 after buying an additional 21,900 shares during the period. Two Sigma Investments LP boosted its stake in Monroe Capital by 6.0% during the fourth quarter. Two Sigma Investments LP now owns 134,924 shares of the financial services provider’s stock valued at $1,147,000 after buying an additional 7,652 shares in the last quarter. Finally, Magnolia Capital Advisors LLC grew its holdings in Monroe Capital by 1.9% during the fourth quarter. Magnolia Capital Advisors LLC now owns 102,555 shares of the financial services provider’s stock worth $872,000 after acquiring an additional 1,916 shares during the period.

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.