Monroe Capital (NASDAQ:MRCC) Lowered to Hold Rating by StockNews.com

StockNews.com cut shares of Monroe Capital (NASDAQ:MRCC) from a buy rating to a hold rating in a report issued on Monday.

Separately, B. Riley lowered shares of Monroe Capital from a “neutral” rating to a “sell” rating and set a $7.25 price objective for the company. in a report on Wednesday, December 11th.

Monroe Capital Price Performance

Shares of NASDAQ:MRCC opened at $8.52 on Monday. Monroe Capital has a one year low of $6.97 and a one year high of $8.85. The company has a market cap of $184.59 million, a price-to-earnings ratio of 14.20 and a beta of 1.03. The company has a debt-to-equity ratio of 1.49, a current ratio of 4.37 and a quick ratio of 4.37. The firm has a 50 day simple moving average of $8.51 and a 200 day simple moving average of $8.25.

Monroe Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a yield of 11.74%. Monroe Capital’s payout ratio is currently 166.67%.

Hedge Funds Weigh In On Monroe Capital

A number of institutional investors and hedge funds have recently made changes to their positions in MRCC. CIBC Private Wealth Group LLC raised its stake in Monroe Capital by 166.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 10,854 shares of the financial services provider’s stock worth $92,000 after buying an additional 6,773 shares during the period. Private Advisor Group LLC acquired a new position in shares of Monroe Capital during the third quarter worth approximately $104,000. Envestnet Asset Management Inc. lifted its holdings in shares of Monroe Capital by 13.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 12,688 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 1,486 shares in the last quarter. Aspiriant LLC grew its position in Monroe Capital by 18.2% in the 4th quarter. Aspiriant LLC now owns 13,000 shares of the financial services provider’s stock valued at $110,000 after purchasing an additional 2,000 shares during the period. Finally, Strategic Financial Concepts LLC bought a new stake in Monroe Capital during the 4th quarter valued at $144,000.

Monroe Capital Company Profile

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.