StockNews.com Upgrades Monroe Capital (NASDAQ:MRCC) to “Buy”

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 Stock Up 0.1 %

MRCC stock traded up $0.01 during trading on Thursday, reaching $8.26. 8,006 shares of the company were exchanged, compared to its average volume of 61,223. Monroe Capital has a 52-week low of $6.77 and a 52-week high of $8.41. The stock’s 50 day moving average price is $8.03 and its 200 day moving average price is $7.70. The company has a quick ratio of 3.38, a current ratio of 4.37 and a debt-to-equity ratio of 1.49.

Monroe Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 12.11%. The ex-dividend date of this dividend was Monday, September 16th. Monroe Capital’s dividend payout ratio (DPR) is presently 166.67%.

Hedge Funds Weigh In On Monroe Capital

Several institutional investors and hedge funds have recently modified their holdings of MRCC. Rothschild Investment LLC acquired a new stake in shares of Monroe Capital in the second quarter worth $76,000. Private Advisor Group LLC bought a new position in Monroe Capital during the 3rd quarter valued at $104,000. CANADA LIFE ASSURANCE Co boosted its stake in 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 valued at $143,000 after acquiring an additional 2,861 shares during the last quarter. Garden State Investment Advisory Services LLC bought a new position in shares of Monroe Capital in the 3rd quarter worth about $210,000. Finally, MAS Advisors LLC lifted its position 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 worth $200,000 after buying an additional 15,902 shares during 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.