Monroe Capital Co. (NASDAQ:MRCC - Get Free Report) declared a quarterly dividend on Monday, March 3rd, Wall Street Journal reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.25 per share by the financial services provider on Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 12.25%. The ex-dividend date of this dividend is Friday, March 14th.
Monroe Capital Price Performance
NASDAQ:MRCC traded up $0.06 on Friday, reaching $8.16. The stock had a trading volume of 33,971 shares, compared to its average volume of 54,306. The company has a market capitalization of $176.79 million, a P/E ratio of 13.60 and a beta of 1.02. Monroe Capital has a 1-year low of $6.97 and a 1-year high of $8.85. The company has a quick ratio of 4.37, a current ratio of 4.37 and a debt-to-equity ratio of 1.49. The stock has a fifty day moving average price of $8.51 and a 200-day moving average price of $8.26.
Wall Street Analyst Weigh In
A number of research firms have commented on MRCC. B. Riley lowered shares of Monroe Capital from a "neutral" rating to a "sell" rating and set a $7.25 price target on the stock. in a research report on Wednesday, December 11th. StockNews.com lowered shares of Monroe Capital from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Finally, Oppenheimer reduced their price target on shares of Monroe Capital from $9.00 to $8.00 and set a "market perform" rating on the stock in a research report on Tuesday.
Check Out Our Latest Stock Report on MRCC
Monroe Capital Company Profile
(
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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.
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