Monroe Capital Corp (NASDAQ:MRCC) declared a quarterly dividend on Friday, March 2nd, Wall Street Journal reports. Investors of record on Friday, March 16th will be given a dividend of 0.35 per share by the financial services provider on Friday, March 30th. This represents a $1.40 dividend on an annualized basis and a yield of 10.77%. The ex-dividend date is Thursday, March 15th.
Monroe Capital (MRCC) opened at $13.00 on Friday. Monroe Capital has a 12-month low of $12.45 and a 12-month high of $16.20. The stock has a market capitalization of $258.87, a P/E ratio of 9.14 and a beta of 0.60. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.01 and a current ratio of 1.01.
MRCC has been the subject of a number of analyst reports. BidaskClub lowered Monroe Capital from a “sell” rating to a “strong sell” rating in a research report on Saturday, January 6th. National Securities restated a “buy” rating and set a $17.00 price objective on shares of Monroe Capital in a research report on Monday, November 13th. TheStreet upgraded Monroe Capital from a “c+” rating to a “b” rating in a research report on Monday, November 27th. ValuEngine lowered Monroe Capital from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Zacks Investment Research raised Monroe Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $16.67.
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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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