Monroe Capital Corp (MRCC) Given Consensus Recommendation of “Hold” by Analysts

Shares of Monroe Capital Corp (NASDAQ:MRCC) have been assigned a consensus rating of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $16.50.

MRCC has been the topic of a number of recent research reports. TheStreet raised Monroe Capital from a “c+” rating to a “b” rating in a research report on Monday, November 27th. National Securities reissued a “buy” rating and set a $17.00 target price on shares of Monroe Capital in a research report on Monday, November 13th. Finally, Zacks Investment Research raised Monroe Capital from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th.

Monroe Capital (MRCC) traded down $0.15 during mid-day trading on Monday, reaching $13.98. The company had a trading volume of 209,069 shares, compared to its average volume of 99,663. Monroe Capital has a fifty-two week low of $13.32 and a fifty-two week high of $16.20. The firm has a market capitalization of $285.99, a P/E ratio of 10.09 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.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 10.01%. The ex-dividend date is Thursday, December 14th. Monroe Capital’s dividend payout ratio (DPR) is presently 144.33%.

A number of hedge funds have recently added to or reduced their stakes in MRCC. Mckinley Capital Management LLC Delaware boosted its holdings in Monroe Capital by 55.2% during the third quarter. Mckinley Capital Management LLC Delaware now owns 127,539 shares of the financial services provider’s stock valued at $1,825,000 after purchasing an additional 45,346 shares in the last quarter. Verity Asset Management Inc. acquired a new stake in Monroe Capital during the second quarter valued at approximately $329,000. Raymond James Financial Services Advisors Inc. boosted its holdings in Monroe Capital by 197.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 34,384 shares of the financial services provider’s stock valued at $524,000 after purchasing an additional 22,827 shares in the last quarter. Bank of Montreal Can acquired a new stake in Monroe Capital during the second quarter valued at approximately $1,218,000. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its holdings in Monroe Capital by 14.8% during the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 462,399 shares of the financial services provider’s stock valued at $6,616,000 after purchasing an additional 59,617 shares in the last quarter. 29.94% of the stock is currently owned by institutional investors and hedge funds.

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Monroe Capital Company Profile

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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