Headlines about Monroe Capital (NASDAQ:MRCC) have trended somewhat positive this week, according to Accern. The research group rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Monroe Capital earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 46.1859684230121 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several equities analysts have recently commented on MRCC shares. BidaskClub cut shares of Monroe Capital from a “sell” rating to a “strong sell” rating in a research report on Saturday, February 17th. National Securities restated a “buy” rating and issued a $17.00 target price on shares of Monroe Capital in a research report on Monday, May 14th. Zacks Investment Research cut shares of Monroe Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, March 21st. ValuEngine cut shares of Monroe Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Finally, TheStreet cut shares of Monroe Capital from a “b-” rating to a “c” rating in a research report on Wednesday, April 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Monroe Capital presently has an average rating of “Buy” and an average price target of $15.50.
MRCC traded down $0.33 during trading on Thursday, reaching $13.84. 578 shares of the company’s stock were exchanged, compared to its average volume of 90,307. Monroe Capital has a one year low of $12.18 and a one year high of $15.32. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.78 and a quick ratio of 2.78. The firm has a market capitalization of $292.67 million, a price-to-earnings ratio of 9.89 and a beta of 0.62.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 10.12%. Monroe Capital’s payout ratio is presently 100.00%.
In other Monroe Capital news, Chairman Theodore L. Koenig acquired 27,367 shares of the stock in a transaction on Friday, March 16th. The shares were purchased at an average price of $12.36 per share, for a total transaction of $338,256.12. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is owned by insiders.
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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