Monroe Capital (NASDAQ:MRCC) Price Target Lowered to $8.00 at Oppenheimer

Monroe Capital (NASDAQ:MRCC) had its target price trimmed by Oppenheimer from $9.00 to $8.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has a market perform rating on the financial services provider’s stock.

Several other brokerages have also issued reports on MRCC. B. Riley lowered shares of Monroe Capital from a “neutral” rating to a “sell” rating and set a $7.25 price target on the stock. in a report on Wednesday, December 11th. StockNews.com lowered shares of Monroe Capital from a “buy” rating to a “hold” rating in a report on Monday.

Monroe Capital Trading Down 4.5 %

Shares of Monroe Capital stock opened at $8.14 on Tuesday. The firm has a market capitalization of $176.36 million, a PE ratio of 13.57 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 company’s fifty day moving average price is $8.51 and its two-hundred day moving average price is $8.26. Monroe Capital has a 52-week low of $6.97 and a 52-week high of $8.85.

Monroe Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 12.29%. The ex-dividend date is Friday, March 14th. Monroe Capital’s payout ratio is 166.67%.

Institutional Investors Weigh In On Monroe Capital

Large investors have recently made changes to their positions in the company. Private Advisor Group LLC bought a new stake in shares of Monroe Capital in the 3rd quarter worth about $104,000. Strategic Financial Concepts LLC bought a new stake in shares of Monroe Capital in the 4th quarter worth about $144,000. HB Wealth Management LLC grew its holdings in shares of Monroe Capital by 3.0% in the 4th quarter. HB Wealth Management LLC now owns 56,600 shares of the financial services provider’s stock worth $481,000 after purchasing an additional 1,650 shares during the last quarter. Magnolia Capital Advisors LLC grew its holdings in shares of Monroe Capital by 1.9% in the 4th quarter. Magnolia Capital Advisors LLC now owns 102,555 shares of the financial services provider’s stock worth $872,000 after purchasing an additional 1,916 shares during the last quarter. Finally, Aspiriant LLC lifted its position in Monroe Capital by 18.2% during the 4th quarter. Aspiriant LLC now owns 13,000 shares of the financial services provider’s stock worth $110,000 after buying an additional 2,000 shares in the last quarter.

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.