Monroe Capital (NASDAQ:MRCC) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Monroe Capital Corporation (NASDAQ:MRCC) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.00 and traded as high as $7.49. Monroe Capital shares last traded at $7.47, with a volume of 45,795 shares.

Monroe Capital Price Performance

The company has a market capitalization of $161.87 million, a P/E ratio of 83.00 and a beta of 0.91. The company has a debt-to-equity ratio of 1.16, a current ratio of 4.02 and a quick ratio of 4.02. The firm’s 50-day moving average is $6.59 and its 200-day moving average is $7.00.

Monroe Capital (NASDAQ:MRCC) last released its quarterly earnings results on Monday, August 11th. The financial services provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.06). Monroe Capital had a return on equity of 10.70% and a net margin of 3.74%.The business had revenue of $9.87 million during the quarter, compared to the consensus estimate of $12.38 million. Analysts predict that Monroe Capital Corporation will post 1.14 EPS for the current fiscal year.

Monroe Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were given a dividend of $0.25 per share. The ex-dividend date was Monday, June 16th. This represents a $1.00 annualized dividend and a yield of 13.4%. Monroe Capital’s payout ratio is 1,111.11%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Ascent Group LLC bought a new stake in Monroe Capital in the 1st quarter worth approximately $80,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Monroe Capital during the first quarter valued at approximately $84,000. Envestnet Asset Management Inc. raised its holdings in shares of Monroe Capital by 13.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 12,688 shares of the financial services provider’s stock worth $108,000 after buying an additional 1,486 shares during the period. Pandora Wealth Inc. bought a new stake in shares of Monroe Capital during the 1st quarter worth approximately $113,000. Finally, Aspiriant LLC boosted its holdings in Monroe Capital by 35.7% during the 2nd quarter. Aspiriant LLC now owns 19,000 shares of the financial services provider’s stock valued at $121,000 after acquiring an additional 5,000 shares during the period.

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.