Monroe Capital Co. (NASDAQ:MRCC - Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.91 and traded as high as $8.20. Monroe Capital shares last traded at $8.15, with a volume of 30,911 shares changing hands.
Wall Street Analysts Forecast Growth
MRCC has been the topic of a number of research analyst reports. B. Riley downgraded shares of Monroe Capital from a "neutral" rating to a "sell" rating and set a $7.25 target price on the stock. in a research note on Wednesday, December 11th. StockNews.com raised Monroe Capital from a "hold" rating to a "buy" rating in a research note on Thursday, December 19th.
Read Our Latest Stock Analysis on Monroe Capital
Monroe Capital Trading Up 1.6 %
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's 50 day moving average is $8.24 and its two-hundred day moving average is $7.92. The company has a market capitalization of $179.43 million, a PE ratio of 13.80 and a beta of 1.04.
Monroe Capital Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 12.08%. Monroe Capital's payout ratio is presently 166.67%.
Institutional Trading of Monroe Capital
Several hedge funds and other institutional investors have recently bought and sold shares of MRCC. Rothschild Investment LLC purchased a new stake in shares of Monroe Capital during the 2nd quarter worth $76,000. Private Advisor Group LLC purchased a new stake in shares of Monroe Capital during the third quarter valued at about $104,000. Garden State Investment Advisory Services LLC purchased a new stake in shares of Monroe Capital during the third quarter valued at about $210,000. Ritholtz Wealth Management boosted its holdings in shares of Monroe Capital by 162.7% in the 2nd quarter. Ritholtz Wealth Management now owns 40,394 shares of the financial services provider's stock valued at $307,000 after buying an additional 25,016 shares in the last quarter. Finally, HB Wealth Management LLC raised its stake in shares of Monroe Capital by 6.7% during the 2nd quarter. HB Wealth Management LLC now owns 53,323 shares of the financial services provider's stock worth $406,000 after acquiring an additional 3,356 shares in the last quarter.
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.
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