Monroe Capital Corporation (NASDAQ:MRCC) announced 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 dividend on an annualized basis and a yield of 9.64%. The ex-dividend date is Thursday, December 14th.

Monroe Capital (NASDAQ:MRCC) traded up $0.07 during trading on Monday, reaching $14.53. 79,106 shares of the company were exchanged, compared to its average volume of 98,240. The stock has a market capitalization of $292.67, a P/E ratio of 10.33 and a beta of 0.56. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.52. Monroe Capital has a 52 week low of $13.32 and a 52 week high of $16.20.

In other news, Chairman Theodore L. Koenig bought 21,800 shares of Monroe Capital stock in a transaction dated Thursday, September 7th. The shares were acquired at an average price of $13.61 per share, with a total value of $296,698.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.80% of the company’s stock.

MRCC has been the topic of a number of recent research reports. TheStreet downgraded shares of Monroe Capital from a “b” rating to a “c+” rating in a research note on Friday, August 25th. National Securities reissued a “buy” rating and issued a $17.00 target price on shares of Monroe Capital in a research note on Monday, November 13th. Zacks Investment Research downgraded shares of Monroe Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. BidaskClub downgraded shares of Monroe Capital from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Finally, Ladenburg Thalmann Financial Services raised shares of Monroe Capital from a “neutral” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $16.50.

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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.

Dividend History for Monroe Capital (NASDAQ:MRCC)

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