Monroe Capital (MRCC) Earning Somewhat Favorable Media Coverage, Study Shows

Press coverage about Monroe Capital (NASDAQ:MRCC) has trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Monroe Capital earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 46.5281440701431 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Monroe Capital from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. TheStreet upgraded shares of Monroe Capital from a “c+” rating to a “b” rating in a research report on Monday, November 27th. BidaskClub downgraded shares of Monroe Capital from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Ladenburg Thalmann Financial Services raised shares of Monroe Capital from a “neutral” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Thursday, August 10th. Finally, National Securities reissued a “buy” rating and set a $17.00 price objective on shares of Monroe Capital in a research report on Monday, November 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $16.50.

Monroe Capital (NASDAQ:MRCC) traded up $0.04 during trading on Wednesday, hitting $14.40. 59,333 shares of the stock were exchanged, compared to its average volume of 98,132. The company has a market cap of $294.09, a P/E ratio of 10.38 and a beta of 0.56. Monroe Capital has a 1 year low of $13.32 and a 1 year high of $16.20. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.52.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 9.72%. The ex-dividend date is Thursday, December 14th. Monroe Capital’s dividend payout ratio (DPR) is presently 144.33%.

In other news, Chairman Theodore L. Koenig purchased 21,800 shares of the business’s stock in a transaction on Thursday, September 7th. The stock was purchased at an average cost of $13.61 per share, with a total value of $296,698.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 1.80% of the stock is currently owned by company insiders.

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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.

Insider Buying and Selling by Quarter for Monroe Capital (NASDAQ:MRCC)

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