Monroe Capital (MRCC) Downgraded by BidaskClub to Strong Sell

BidaskClub downgraded shares of Monroe Capital (NASDAQ:MRCC) from a sell rating to a strong sell rating in a research note released on Saturday.

Several other equities research analysts have also commented on the stock. TheStreet raised shares of Monroe Capital from a c+ rating to a b rating in a report on Monday, November 27th. National Securities reaffirmed a buy rating and issued a $17.00 price target on shares of Monroe Capital in a report on Monday, November 13th. Finally, Zacks Investment Research raised shares of Monroe Capital from a sell rating to a hold rating in a report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $16.67.

Shares of Monroe Capital (MRCC) opened at $14.12 on Friday. Monroe Capital has a 1-year low of $13.32 and a 1-year high of $16.20. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $285.79, a price-to-earnings ratio of 14.41 and a beta of 0.56.

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 9.92%. The ex-dividend date of this dividend was Thursday, December 14th. Monroe Capital’s payout ratio is currently 142.86%.

Several hedge funds have recently bought and sold shares of MRCC. Marshall Wace North America L.P. purchased a new stake in shares of Monroe Capital during the 2nd quarter worth about $225,000. JPMorgan Chase & Co. purchased a new stake in shares of Monroe Capital during the 2nd quarter worth about $114,000. Financial Counselors Inc. purchased a new stake in shares of Monroe Capital during the 2nd quarter worth about $156,000. Stephens Inc. AR boosted its stake in shares of Monroe Capital by 4.3% during the 2nd quarter. Stephens Inc. AR now owns 71,589 shares of the financial services provider’s stock worth $1,090,000 after acquiring an additional 2,926 shares in the last quarter. Finally, Verity Asset Management Inc. purchased a new stake in shares of Monroe Capital during the 2nd quarter worth about $329,000. 29.29% of the stock is currently owned by institutional investors and hedge funds.

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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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