Monroe Capital (NASDAQ:MRCC) Rating Increased 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 issued to investors on Thursday morning.

Monroe Capital Stock Down 0.2 %

NASDAQ MRCC opened at $8.23 on Thursday. The firm’s 50 day moving average price is $8.05 and its 200-day moving average price is $7.72. 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 52-week low of $6.77 and a 52-week high of $8.41.

Monroe Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 12.15%. The ex-dividend date was Monday, September 16th. Monroe Capital’s payout ratio is 166.67%.

Institutional Investors Weigh In On Monroe Capital

A number of institutional investors have recently added to or reduced their stakes in MRCC. Rothschild Investment LLC acquired a new stake in Monroe Capital in the second quarter valued at approximately $76,000. Private Advisor Group LLC acquired a new position in shares of Monroe Capital during the third quarter valued at about $104,000. CANADA LIFE ASSURANCE Co increased its holdings in shares of Monroe Capital by 16.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 19,938 shares of the financial services provider’s stock valued at $143,000 after acquiring an additional 2,861 shares in the last quarter. Garden State Investment Advisory Services LLC purchased a new position in shares of Monroe Capital in the 3rd quarter valued at approximately $210,000. Finally, MAS Advisors LLC boosted its stake in Monroe Capital by 134.5% in the 1st quarter. MAS Advisors LLC now owns 27,727 shares of the financial services provider’s stock worth $200,000 after purchasing an additional 15,902 shares in the last quarter.

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.