Monroe Capital (NASDAQ:MRCC) Stock Passes Above 200-Day Moving Average of $7.16

Monroe Capital Co. (NASDAQ:MRCC)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.16 and traded as high as $7.30. Monroe Capital shares last traded at $7.20, with a volume of 87,919 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. LADENBURG THALM/SH SH reduced their price target on shares of Monroe Capital from $9.50 to $9.00 and set a “buy” rating for the company in a research report on Wednesday, March 13th. StockNews.com raised Monroe Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, March 20th.

Monroe Capital Stock Up 0.9 %

The business’s 50-day moving average price is $7.21 and its 200-day moving average price is $7.16. The company has a quick ratio of 2.83, a current ratio of 2.83 and a debt-to-equity ratio of 1.48.

Monroe Capital (NASDAQ:MRCC) last released its earnings results on Monday, March 11th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). Monroe Capital had a return on equity of 11.24% and a net margin of 0.58%. The company had revenue of $15.50 million during the quarter, compared to analysts’ expectations of $16.37 million. Sell-side analysts predict that Monroe Capital Co. will post 1.02 EPS for the current fiscal year.

Monroe Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.25 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.00 dividend on an annualized basis and a yield of 13.89%. Monroe Capital’s dividend payout ratio (DPR) is currently 5,002.50%.

Institutional Investors Weigh In On Monroe Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC increased its holdings in Monroe Capital by 1,471.9% in the fourth quarter. International Assets Investment Management LLC now owns 150,145 shares of the financial services provider’s stock worth $1,061,000 after buying an additional 140,593 shares during the last quarter. Commonwealth Equity Services LLC grew its position in Monroe Capital by 1.3% in the third quarter. Commonwealth Equity Services LLC now owns 134,631 shares of the financial services provider’s stock worth $1,003,000 after acquiring an additional 1,703 shares in the last quarter. National Bank of Canada FI raised its holdings in shares of Monroe Capital by 48.8% during the 3rd quarter. National Bank of Canada FI now owns 94,903 shares of the financial services provider’s stock valued at $692,000 after purchasing an additional 31,114 shares in the last quarter. Chiron Capital Management LLC raised its holdings in Monroe Capital by 230.0% during the fourth quarter. Chiron Capital Management LLC now owns 77,435 shares of the financial services provider’s stock valued at $547,000 after buying an additional 53,971 shares in the last quarter. Finally, Koshinski Asset Management Inc. bought a new position in shares of Monroe Capital in the 4th quarter valued at approximately $401,000.

About Monroe Capital

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.