Monroe Capital (NASDAQ:MRCC) Raised to Buy at StockNews.com

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

Monroe Capital Price Performance

MRCC stock opened at $8.23 on Thursday. The firm has a 50 day moving average of $8.05 and a 200-day moving average of $7.71. The company has a current ratio of 4.37, a quick ratio of 3.38 and a debt-to-equity ratio of 1.49. Monroe Capital has a 12-month low of $6.77 and a 12-month high of $8.41.

Monroe Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 12.15%. The ex-dividend date of this dividend was Monday, September 16th. Monroe Capital’s dividend payout ratio (DPR) is 166.67%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Magnolia Capital Advisors LLC acquired a new stake in Monroe Capital in the 2nd quarter valued at about $3,138,000. International Assets Investment Management LLC lifted its holdings in shares of Monroe Capital by 708.0% in the third quarter. International Assets Investment Management LLC now owns 220,600 shares of the financial services provider’s stock valued at $1,782,000 after purchasing an additional 193,298 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Monroe Capital in the first quarter valued at approximately $327,000. Garden State Investment Advisory Services LLC purchased a new position in shares of Monroe Capital during the 3rd quarter worth approximately $210,000. Finally, Ritholtz Wealth Management raised its position in shares of 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 purchasing an additional 25,016 shares during 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.