Monroe Capital Co. Declares Quarterly Dividend of $0.25 (NASDAQ:MRCC)

Monroe Capital Co. (NASDAQ:MRCC) announced a quarterly dividend on Tuesday, March 4th, Wall Street Journal reports. Shareholders of record on Friday, March 14th will be paid a dividend of 0.25 per share by the financial services provider on Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 12.29%. The ex-dividend date of this dividend is Friday, March 14th.

Monroe Capital Price Performance

Shares of NASDAQ MRCC traded down $0.38 during trading on Tuesday, reaching $8.14. The company had a trading volume of 161,721 shares, compared to its average volume of 53,635. The company has a current ratio of 4.37, a quick ratio of 4.37 and a debt-to-equity ratio of 1.49. The stock has a market capitalization of $176.36 million, a PE ratio of 13.57 and a beta of 1.03. Monroe Capital has a twelve month low of $6.97 and a twelve month high of $8.85. The stock has a 50-day moving average price of $8.51 and a two-hundred day moving average price of $8.25.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on MRCC shares. StockNews.com downgraded shares of Monroe Capital from a “buy” rating to a “hold” rating in a research note on Monday. B. Riley cut Monroe Capital from a “neutral” rating to a “sell” rating and set a $7.25 price objective on the stock. in a report on Wednesday, December 11th. Finally, Oppenheimer lowered their price objective on Monroe Capital from $9.00 to $8.00 and set a “market perform” rating for the company in a research report on Tuesday.

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.