Monroe Capital Corporation (NASDAQ:MRCC) declared a quarterly dividend on Monday, December 4th, Wall Street Journal reports. Investors of record on Friday, December 15th will be given a dividend of 0.35 per share by the financial services provider on Friday, December 29th. This represents a $1.40 dividend on an annualized basis and a yield of 9.64%. The ex-dividend date of this dividend is Thursday, December 14th.
Monroe Capital (NASDAQ MRCC) traded up $0.07 during mid-day trading on Tuesday, reaching $14.53. 79,100 shares of the company were exchanged, compared to its average volume of 98,240. Monroe Capital has a 12 month low of $13.32 and a 12 month high of $16.20. The company has a market capitalization of $294.09, a P/E ratio of 10.33 and a beta of 0.56. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.52.
A number of brokerages have weighed in on MRCC. Ladenburg Thalmann Financial Services upgraded shares of Monroe Capital from a “neutral” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Thursday, August 10th. TheStreet upgraded shares of Monroe Capital from a “c+” rating to a “b” rating in a report on Monday, November 27th. Zacks Investment Research upgraded shares of Monroe Capital from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. BidaskClub cut shares of Monroe Capital from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Finally, National Securities reiterated a “buy” rating and set a $17.00 price target on shares of Monroe Capital in a report on Monday, August 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Monroe Capital currently has a consensus rating of “Hold” and a consensus price target of $16.50.
In other news, Chairman Theodore L. Koenig purchased 21,800 shares of the business’s stock in a transaction dated Thursday, September 7th. The shares were purchased at an average price of $13.61 per share, for a total transaction of $296,698.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.80% of the company’s stock.
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About Monroe Capital
Monroe Capital Corporation is a closed-end, non-diversified management investment company. The Company is a specialty finance company focused on providing financing primarily to lower middle-market companies in the United States and Canada. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation primarily through investments in senior, unitranche and junior secured debt, and unsecured subordinated debt and equity.
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