Monroe Capital (NASDAQ:MRCC) Stock Crosses Below 200 Day Moving Average – Here’s Why

Monroe Capital Corporation (NASDAQ:MRCC) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.71 and traded as low as $6.19. Monroe Capital shares last traded at $6.28, with a volume of 40,010 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Monroe Capital in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $8.00.

Monroe Capital Stock Performance

The stock’s 50-day moving average price is $6.44 and its 200 day moving average price is $6.71. The company has a quick ratio of 5.87, a current ratio of 5.87 and a debt-to-equity ratio of 1.22. The company has a market cap of $136.09 million, a P/E ratio of -33.05 and a beta of 0.74.

Monroe Capital (NASDAQ:MRCC) last posted its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.06). The firm had revenue of $6.87 million for the quarter, compared to the consensus estimate of $8.84 million. Monroe Capital had a positive return on equity of 8.49% and a negative net margin of 9.58%. As a group, research analysts expect that Monroe Capital Corporation will post 1.14 EPS for the current fiscal year.

Monroe Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 11.5%. The ex-dividend date of this dividend was Tuesday, December 23rd. Monroe Capital’s dividend payout ratio (DPR) is currently -378.95%.

Hedge Funds Weigh In On Monroe Capital

Several large investors have recently made changes to their positions in MRCC. Advisory Services Network LLC bought a new position in Monroe Capital in the 3rd quarter worth approximately $37,000. HB Wealth Management LLC acquired a new stake in shares of Monroe Capital in the third quarter worth $79,000. Ascent Group LLC bought a new position in Monroe Capital during the first quarter worth $80,000. Mission Wealth Management LP bought a new position in Monroe Capital during the third quarter worth $87,000. Finally, Cresset Asset Management LLC acquired a new position in Monroe Capital during the 3rd quarter valued at $106,000.

About Monroe Capital

Monroe Capital Corporation (NASDAQ: MRCC) is a publicly traded business development company that specializes in providing flexible debt financing solutions to middle-market companies across North America. The firm structures and underwrites a range of senior secured loans, unitranche financings, second-lien loans, mezzanine debt and equity co-investments. Monroe Capital’s offerings are designed to support corporate growth, acquisitions, recapitalizations and refinancings across diverse industries, including business services, healthcare, manufacturing and specialty finance.

Headquartered in Chicago, Illinois, Monroe Capital was founded in 2004 and has since built a national footprint by maintaining offices in key U.S.