Shares of Monroe Capital Corp (NASDAQ:MRCC) have earned an average recommendation of “Hold” from the six analysts that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $16.67.

A number of research analysts have recently issued reports on the company. Zacks Investment Research downgraded Monroe Capital from a “hold” rating to a “sell” rating in a research note on Wednesday. National Securities reissued a “buy” rating and issued a $17.00 price objective on shares of Monroe Capital in a research note on Monday, November 13th. TheStreet raised Monroe Capital from a “c+” rating to a “b” rating in a research note on Monday, November 27th. Finally, BidaskClub downgraded Monroe Capital from a “sell” rating to a “strong sell” rating in a research note on Saturday, January 6th.

A number of hedge funds have recently bought and sold shares of the stock. Atlantic Trust Group LLC acquired a new position in Monroe Capital during the 3rd quarter worth approximately $2,056,000. Chicago Partners Investment Group LLC raised its stake in Monroe Capital by 29.9% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 128,178 shares of the financial services provider’s stock worth $1,834,000 after buying an additional 29,509 shares during the period. Janney Montgomery Scott LLC raised its stake in Monroe Capital by 3.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 191,096 shares of the financial services provider’s stock worth $2,735,000 after buying an additional 6,762 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its stake in Monroe Capital by 18.2% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 73,101 shares of the financial services provider’s stock worth $1,046,000 after buying an additional 11,273 shares during the period. Finally, Magnetar Financial LLC acquired a new position in Monroe Capital during the 3rd quarter worth approximately $397,000. 29.29% of the stock is currently owned by institutional investors and hedge funds.

Shares of Monroe Capital (NASDAQ MRCC) traded up $0.05 during trading hours on Friday, hitting $14.20. The stock had a trading volume of 46,264 shares, compared to its average volume of 78,522. The firm has a market cap of $288.01, a P/E ratio of 14.49 and a beta of 0.56. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.01 and a quick ratio of 1.01. Monroe Capital has a 12 month low of $13.32 and a 12 month high of $16.20.

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 9.86%. The ex-dividend date of this dividend was Thursday, December 14th. Monroe Capital’s dividend payout ratio (DPR) is currently 142.86%.

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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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