Monroe Capital Co. (NASDAQ:MRCC) Short Interest Up 22.2% in May

Posted by on Jun 17th, 2022

Monroe Capital Co. (NASDAQ:MRCC – Get Rating) was the recipient of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 89,800 shares, a growth of 22.2% from the May 15th total of 73,500 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 57,300 shares, the days-to-cover ratio is presently 1.6 days.

Several analysts recently issued reports on MRCC shares. TheStreet cut Monroe Capital from a “b-” rating to a “c” rating in a research note on Wednesday, May 25th. StockNews.com started coverage on Monroe Capital in a research note on Thursday, March 31st. They issued a “hold” rating on the stock.

A number of institutional investors have recently bought and sold shares of MRCC. Morgan Stanley boosted its position in Monroe Capital by 4.1% during the 2nd quarter. Morgan Stanley now owns 37,637 shares of the financial services provider’s stock valued at $404,000 after acquiring an additional 1,477 shares in the last quarter. BlackRock Inc. boosted its position in Monroe Capital by 6.5% during the 3rd quarter. BlackRock Inc. now owns 138,290 shares of the financial services provider’s stock valued at $1,437,000 after acquiring an additional 8,469 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Monroe Capital by 31.7% during the third quarter. LPL Financial LLC now owns 31,857 shares of the financial services provider’s stock valued at $331,000 after purchasing an additional 7,677 shares during the last quarter. Moors & Cabot Inc. purchased a new position in shares of Monroe Capital during the third quarter valued at approximately $52,000. Finally, U.S. Capital Wealth Advisors LLC purchased a new position in shares of Monroe Capital during the fourth quarter valued at approximately $650,000. 19.07% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ MRCC traded up $0.04 during trading hours on Friday, hitting $8.85. The company’s stock had a trading volume of 135 shares, compared to its average volume of 76,550. The company has a debt-to-equity ratio of 1.28, a quick ratio of 3.15 and a current ratio of 3.15. The stock has a market cap of $191.78 million, a price-to-earnings ratio of 7.20 and a beta of 1.22. Monroe Capital has a 12 month low of $8.80 and a 12 month high of $11.85. The business has a 50-day simple moving average of $10.20 and a 200-day simple moving average of $10.71.

Monroe Capital (NASDAQ:MRCC – Get Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The financial services provider reported $0.25 earnings per share for the quarter, meeting the consensus estimate of $0.25. The business had revenue of $12.49 million for the quarter, compared to analysts’ expectations of $13.02 million. Monroe Capital had a return on equity of 9.13% and a net margin of 49.43%. On average, equities research analysts forecast that Monroe Capital will post 1.01 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, June 14th. This represents a $1.00 annualized dividend and a yield of 11.30%. Monroe Capital’s payout ratio is 81.30%.

Monroe Capital Company Profile (Get Rating)

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.

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