Oppenheimer Cuts Monroe Capital (NASDAQ:MRCC) Price Target to $8.00

Monroe Capital (NASDAQ:MRCC) had its price target reduced by Oppenheimer from $9.00 to $8.00 in a research note released on Tuesday,Benzinga reports. They currently have a market perform rating on the financial services provider’s stock.

Several other research firms have also recently commented on MRCC. StockNews.com cut Monroe Capital from a “buy” rating to a “hold” rating in a research report on Monday. B. Riley cut Monroe Capital from a “neutral” rating to a “sell” rating and set a $7.25 target price for the company. in a research report on Wednesday, December 11th.

Monroe Capital Price Performance

Shares of NASDAQ MRCC opened at $8.10 on Tuesday. The stock has a market cap of $175.49 million, a PE ratio of 13.50 and a beta of 1.03. Monroe Capital has a fifty-two week low of $6.97 and a fifty-two week high of $8.85. 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 fifty day moving average of $8.51 and a 200-day moving average of $8.25.

Monroe Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 12.35%. The ex-dividend date is Friday, March 14th. Monroe Capital’s payout ratio is 166.67%.

Hedge Funds Weigh In On Monroe Capital

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its holdings in shares of Monroe Capital by 13.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 12,688 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 1,486 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of Monroe Capital by 2.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 67,060 shares of the financial services provider’s stock worth $570,000 after purchasing an additional 1,512 shares in the last quarter. HB Wealth Management LLC boosted its holdings in shares of Monroe Capital by 3.0% in the 4th quarter. HB Wealth Management LLC now owns 56,600 shares of the financial services provider’s stock worth $481,000 after purchasing an additional 1,650 shares in the last quarter. Blair William & Co. IL boosted its holdings in shares of Monroe Capital by 0.4% in the 4th quarter. Blair William & Co. IL now owns 428,187 shares of the financial services provider’s stock worth $3,640,000 after purchasing an additional 1,735 shares in the last quarter. Finally, Magnolia Capital Advisors LLC boosted its holdings in shares of Monroe Capital by 1.9% in the 4th quarter. Magnolia Capital Advisors LLC now owns 102,555 shares of the financial services provider’s stock worth $872,000 after purchasing an additional 1,916 shares in 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.