Monroe Capital (NASDAQ:MRCC) Upgraded by StockNews.com to Buy Rating

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

Monroe Capital Price Performance

MRCC stock traded up $0.01 during mid-day trading on Thursday, reaching $8.26. The company’s stock had a trading volume of 8,006 shares, compared to its average volume of 61,223. 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 has a fifty-two week low of $6.77 and a fifty-two week high of $8.41. The company’s 50 day moving average is $8.03 and its two-hundred day moving average is $7.70.

Monroe Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.11%. Monroe Capital’s dividend payout ratio is currently 166.67%.

Institutional Trading of Monroe Capital

Several institutional investors have recently added to or reduced their stakes in the stock. Magnolia Capital Advisors LLC purchased a new stake in shares of Monroe Capital during the 2nd quarter worth $3,138,000. Private Advisor Group LLC purchased a new stake in Monroe Capital in the third quarter valued at $104,000. International Assets Investment Management LLC increased its stake in Monroe Capital by 708.0% in the third quarter. International Assets Investment Management LLC now owns 220,600 shares of the financial services provider’s stock valued at $1,782,000 after purchasing an additional 193,298 shares during the period. Ritholtz Wealth Management increased its stake in Monroe Capital by 162.7% in the second quarter. Ritholtz Wealth Management now owns 40,394 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 25,016 shares during the period. Finally, Oppenheimer & Co. Inc. increased its stake in Monroe Capital by 10.3% in the first quarter. Oppenheimer & Co. Inc. now owns 40,003 shares of the financial services provider’s stock valued at $288,000 after purchasing an additional 3,744 shares during the period.

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.