Monroe Capital (MRCC) Cut to Strong Sell at BidaskClub
BidaskClub downgraded shares of Monroe Capital (NASDAQ:MRCC) from a sell rating to a strong sell rating in a research note published on Saturday, February 17th.
A number of other equities analysts have also weighed in on MRCC. Zacks Investment Research upgraded shares of Monroe Capital from a sell rating to a hold rating in a research report on Thursday, November 9th. National Securities restated a buy rating and issued a $17.00 price objective on shares of Monroe Capital in a research report on Monday, November 13th. Finally, TheStreet upgraded shares of Monroe Capital from a c+ rating to a b rating in a research report on Monday, November 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $16.50.
Shares of Monroe Capital (NASDAQ MRCC) traded down $0.38 during mid-day trading on Friday, hitting $12.34. 236,736 shares of the stock traded hands, compared to its average volume of 124,367. The stock has a market capitalization of $249.76, a P/E ratio of 12.59 and a beta of 0.60. 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 $12.34 and a 52 week high of $16.20.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 11.35%. The ex-dividend date of this dividend is Thursday, March 15th. Monroe Capital’s dividend payout ratio (DPR) is presently 142.86%.
Hedge funds have recently bought and sold shares of the business. Millennium Management LLC increased its stake in shares of Monroe Capital by 589.4% in the fourth quarter. Millennium Management LLC now owns 119,475 shares of the financial services provider’s stock worth $1,643,000 after buying an additional 102,144 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Monroe Capital by 83.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 133,939 shares of the financial services provider’s stock worth $1,841,000 after buying an additional 60,838 shares during the period. Raymond James & Associates boosted its holdings in Monroe Capital by 34.5% in the fourth quarter. Raymond James & Associates now owns 110,848 shares of the financial services provider’s stock valued at $1,524,000 after acquiring an additional 28,422 shares in the last quarter. Two Sigma Investments LP boosted its holdings in Monroe Capital by 32.9% in the fourth quarter. Two Sigma Investments LP now owns 112,579 shares of the financial services provider’s stock valued at $1,548,000 after acquiring an additional 27,846 shares in the last quarter. Finally, Advantage Investment Management LLC boosted its holdings in Monroe Capital by 4.7% in the fourth quarter. Advantage Investment Management LLC now owns 82,951 shares of the financial services provider’s stock valued at $1,141,000 after acquiring an additional 3,711 shares in the last quarter. 28.34% of the stock is currently owned by hedge funds and other institutional investors.
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Monroe Capital Company Profile
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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