Monroe Capital Co. (NASDAQ:MRCC - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.98 and traded as high as $8.43. Monroe Capital shares last traded at $8.15, with a volume of 42,057 shares.
Analyst Ratings Changes
A number of research firms have recently weighed in on MRCC. B. Riley lowered Monroe Capital from a "neutral" rating to a "sell" rating and set a $7.25 target price on the stock. in a report on Wednesday, December 11th. StockNews.com upgraded Monroe Capital from a "hold" rating to a "buy" rating in a research note on Thursday, December 19th.
View Our Latest Stock Report on Monroe Capital
Monroe Capital Stock Performance
The company's 50 day simple moving average is $8.34 and its 200 day simple moving average is $7.98. The company has a debt-to-equity ratio of 1.49, a quick ratio of 4.37 and a current ratio of 4.37. The stock has a market cap of $176.61 million, a PE ratio of 13.58 and a beta of 1.03.
Monroe Capital Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.27%. The ex-dividend date of this dividend was Monday, December 16th. Monroe Capital's payout ratio is 166.67%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Private Advisor Group LLC purchased a new stake in shares of Monroe Capital during the 3rd quarter valued at $104,000. Magnolia Capital Advisors LLC bought a new stake in Monroe Capital in the second quarter worth about $3,138,000. International Assets Investment Management LLC raised its position in 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 worth $1,782,000 after acquiring an additional 193,298 shares during the period. Commonwealth Equity Services LLC boosted its stake in Monroe Capital by 2.8% in the second quarter. Commonwealth Equity Services LLC now owns 138,069 shares of the financial services provider's stock valued at $1,051,000 after acquiring an additional 3,749 shares during the last quarter. Finally, Garden State Investment Advisory Services LLC bought a new position in shares of Monroe Capital during the 3rd quarter valued at approximately $210,000.
About Monroe Capital
(
Get Free Report)
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.
Further Reading
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