Monroe Capital Co. (NASDAQ:MRCC) Declares $0.25 Quarterly Dividend

Monroe Capital Co. (NASDAQ:MRCC) declared a quarterly dividend on Monday, March 3rd, Wall Street Journal reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.25 per share by the financial services provider on Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 12.29%. The ex-dividend date of this dividend is Friday, March 14th.

Monroe Capital Stock Performance

Shares of MRCC stock opened at $8.14 on Wednesday. The firm’s 50 day moving average is $8.51 and its 200 day moving average is $8.26. Monroe Capital has a 12 month low of $6.97 and a 12 month high of $8.85. The stock has a market capitalization of $176.36 million, a P/E ratio of 13.57 and a beta of 1.03. The company has a current ratio of 4.37, a quick ratio of 4.37 and a debt-to-equity ratio of 1.49.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MRCC. StockNews.com downgraded shares of Monroe Capital from a “buy” rating to a “hold” rating in a research note on Monday. B. Riley cut shares of Monroe Capital from a “neutral” rating to a “sell” rating and set a $7.25 price target on the stock. in a research note on Wednesday, December 11th. Finally, Oppenheimer decreased their target price on shares of Monroe Capital from $9.00 to $8.00 and set a “market perform” rating for the company in a research note on Tuesday.

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.