Monroe Capital Corp (NASDAQ:MRCC) Plans $0.35 Quarterly Dividend

Monroe Capital Corp (NASDAQ:MRCC) declared a quarterly dividend on Wednesday, December 4th, Wall Street Journal reports. Shareholders of record on Monday, December 16th will be paid a dividend of 0.35 per share by the financial services provider on Tuesday, December 31st. This represents a $1.40 annualized dividend and a yield of 12.21%. The ex-dividend date of this dividend is Friday, December 13th.

NASDAQ MRCC traded up $0.14 during midday trading on Wednesday, hitting $11.47. The company had a trading volume of 205,598 shares, compared to its average volume of 82,283. The company has a market capitalization of $234.45 million, a PE ratio of 7.31 and a beta of 1.16. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 1.71. The firm has a 50-day moving average price of $11.06 and a 200-day moving average price of $11.03. Monroe Capital has a twelve month low of $9.10 and a twelve month high of $13.38.

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Monroe Capital (NASDAQ:MRCC) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.35 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35. The firm had revenue of $17.33 million during the quarter, compared to analysts’ expectations of $17.60 million. Monroe Capital had a return on equity of 11.38% and a net margin of 24.99%. On average, equities analysts anticipate that Monroe Capital will post 1.4 EPS for the current year.

Several equities analysts have weighed in on the company. Zacks Investment Research raised Monroe Capital from a “sell” rating to a “hold” rating in a report on Saturday, October 5th. ValuEngine cut Monroe Capital from a “hold” rating to a “sell” rating in a report on Friday, November 8th. Finally, B. Riley set a $12.00 price target on Monroe Capital and gave the stock a “hold” rating in a report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $13.00.

About Monroe Capital

Monroe Capital Corporation is a business development company specializing in senior, unitranche and junior secured debt and to a lesser extent, unsecured debt and equity investments, and buyouts in middle-market companies. The fund prefers to invest in casinos and gaming, broadcasting, publishing, alcoholic beverage and tobacco distribution, oil and gas, insurance, pharmaceuticals and bio sciences, aerospace and defense, commercial printing, natural rubber, glass, container and packaging, metals and mining, and real estate.

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