Monroe Capital (NASDAQ:MRCC) Stock Price Passes Above Two Hundred Day Moving Average of $7.18

Monroe Capital Co. (NASDAQ:MRCC)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.18 and traded as high as $7.37. Monroe Capital shares last traded at $7.26, with a volume of 40,547 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have recently commented on MRCC shares. LADENBURG THALM/SH SH lowered their price objective on shares of Monroe Capital from $9.50 to $9.00 and set a “buy” rating for the company in a research note 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 Trading Up 0.3 %

The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.83 and a current ratio of 2.83. The company has a market cap of $157.32 million, a price-to-earnings ratio of 363.00 and a beta of 1.04. The company’s fifty day moving average is $7.22 and its two-hundred day moving average is $7.18.

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

Monroe Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.25 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.00 annualized dividend and a dividend yield of 13.77%. Monroe Capital’s dividend payout ratio (DPR) is presently 5,000.00%.

Institutional Trading of Monroe Capital

Several hedge funds and other institutional investors have recently bought and sold shares of MRCC. Cape Investment Advisory Inc. purchased a new stake in Monroe Capital in the 4th quarter worth approximately $40,000. WINTON GROUP Ltd purchased a new stake in Monroe Capital during the third quarter worth $87,000. MAS Advisors LLC purchased a new position in Monroe Capital in the fourth quarter valued at $84,000. Lindbrook Capital LLC raised its position in shares of Monroe Capital by 80.0% in the first quarter. Lindbrook Capital LLC now owns 13,500 shares of the financial services provider’s stock worth $97,000 after acquiring an additional 6,000 shares during the period. Finally, O Shaughnessy Asset Management LLC acquired a new position in shares of Monroe Capital in the third quarter worth about $106,000.

Monroe Capital Company Profile

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.