Monroe Capital Co. (NASDAQ:MRCC) to Issue Quarterly Dividend of $0.25

Monroe Capital Co. (NASDAQ:MRCC) announced a quarterly dividend on Monday, March 3rd, Wall Street Journal reports. Investors 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 dividend on an annualized basis and a yield of 12.29%. The ex-dividend date is Friday, March 14th.

Monroe Capital Price Performance

Monroe Capital stock traded down $0.38 during mid-day trading on Tuesday, hitting $8.14. 161,721 shares of the company were exchanged, compared to its average volume of 53,635. Monroe Capital has a 12-month low of $6.97 and a 12-month high of $8.85. The company has a market capitalization of $176.36 million, a P/E ratio of 13.57 and a beta of 1.03. The business’s 50 day simple moving average is $8.51 and its two-hundred day simple moving average is $8.25. The company has a debt-to-equity ratio of 1.49, a current ratio of 4.37 and a quick ratio of 4.37.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Oppenheimer cut 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. StockNews.com lowered shares of Monroe Capital from a “buy” rating to a “hold” rating in a research report on Monday. Finally, B. Riley downgraded shares of Monroe Capital from a “neutral” rating to a “sell” rating and set a $7.25 price objective on the stock. in a research note on Wednesday, December 11th.

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.