Monroe Capital (NASDAQ:MRCC) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of Monroe Capital (NASDAQ:MRCC) from a hold rating to a buy rating in a report released on Thursday.

Monroe Capital Stock Performance

Shares of Monroe Capital stock opened at $8.23 on Thursday. The company has a current ratio of 4.37, a quick ratio of 3.38 and a debt-to-equity ratio of 1.49. The stock has a 50 day moving average price of $8.05 and a 200-day moving average price of $7.72. Monroe Capital has a one year low of $6.77 and a one year high of $8.41.

Monroe Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 12.15%. The ex-dividend date of this dividend was Monday, September 16th. Monroe Capital’s dividend payout ratio is currently 166.67%.

Hedge Funds Weigh In On Monroe Capital

Large investors have recently made changes to their positions in the company. Magnolia Capital Advisors LLC bought a new position in Monroe Capital in the 2nd quarter valued at $3,138,000. International Assets Investment Management LLC increased its stake in Monroe Capital by 708.0% in the 3rd quarter. International Assets Investment Management LLC now owns 220,600 shares of the financial services provider’s stock worth $1,782,000 after buying an additional 193,298 shares during the period. Commonwealth Equity Services LLC lifted its holdings in Monroe Capital by 2.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 138,069 shares of the financial services provider’s stock valued at $1,051,000 after buying an additional 3,749 shares in the last quarter. HB Wealth Management LLC lifted its holdings in Monroe Capital by 6.7% during the 2nd quarter. HB Wealth Management LLC now owns 53,323 shares of the financial services provider’s stock valued at $406,000 after buying an additional 3,356 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in Monroe Capital in the 1st quarter valued at about $327,000.

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.