Monroe Capital (NASDAQ:MRCC) Upgraded at StockNews.com

StockNews.com upgraded shares of Monroe Capital (NASDAQ:MRCC) from a hold rating to a buy rating in a research note published on Thursday.

Monroe Capital Trading Down 0.2 %

Shares of MRCC opened at $8.23 on Thursday. 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 fifty-two week low of $6.77 and a fifty-two week high of $8.41. The firm has a 50-day simple moving average of $8.05 and a 200-day simple moving average of $7.71.

Monroe Capital Announces Dividend

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

Institutional Trading of Monroe Capital

Several hedge funds have recently made changes to their positions in the company. Rothschild Investment LLC purchased a new position in Monroe Capital during the second quarter worth about $76,000. Private Advisor Group LLC acquired a new position in Monroe Capital during the 3rd quarter worth approximately $104,000. CANADA LIFE ASSURANCE Co raised its stake in shares of Monroe Capital by 16.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 19,938 shares of the financial services provider’s stock worth $143,000 after buying an additional 2,861 shares in the last quarter. MAS Advisors LLC lifted its holdings in shares of Monroe Capital by 134.5% in the 1st quarter. MAS Advisors LLC now owns 27,727 shares of the financial services provider’s stock valued at $200,000 after buying an additional 15,902 shares during the period. Finally, Garden State Investment Advisory Services LLC purchased a new stake in shares of Monroe Capital in the third quarter valued at approximately $210,000.

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.