Monroe Capital Corporation (NASDAQ:MRCC) declared a quarterly dividend on Monday, December 4th, Wall Street Journal reports. Investors of record on Friday, December 15th will be given a dividend of 0.35 per share by the financial services provider on Friday, December 29th. This represents a $1.40 annualized dividend and a yield of 9.76%. The ex-dividend date is Thursday, December 14th.
Monroe Capital (NASDAQ MRCC) remained flat at $$14.35 during mid-day trading on Friday. The company had a trading volume of 100,900 shares, compared to its average volume of 81,602. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.01 and a current ratio of 1.01. Monroe Capital has a 52 week low of $13.32 and a 52 week high of $16.20. The stock has a market cap of $290.44, a P/E ratio of 10.25 and a beta of 0.56.
MRCC has been the subject of several research analyst reports. TheStreet upgraded shares of Monroe Capital from a “c+” rating to a “b” rating in a research report on Monday, November 27th. Zacks Investment Research raised shares of Monroe Capital from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Finally, National Securities reaffirmed a “buy” rating and set a $17.00 target price on shares of Monroe Capital in a report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. Monroe Capital currently has an average rating of “Hold” and a consensus target price of $16.50.
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About Monroe Capital
Monroe Capital Corporation is a closed-end, non-diversified management investment company. The Company is a specialty finance company focused on providing financing primarily to lower middle-market companies in the United States and Canada. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation primarily through investments in senior, unitranche and junior secured debt, and unsecured subordinated debt and equity.
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