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

Monroe Capital Corporation (NASDAQ:MRCC)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.23 and traded as low as $4.65. Monroe Capital shares last traded at $5.01, with a volume of 160,587 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of Monroe Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, April 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Monroe Capital Stock Performance

The company has a market capitalization of $108.55 million, a PE ratio of -21.78 and a beta of 0.82. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 1.15. The firm’s 50-day simple moving average is $5.46 and its 200-day simple moving average is $6.23.

Monroe Capital (NASDAQ:MRCC) last released its quarterly earnings data on Thursday, March 5th. The financial services provider reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. The company had revenue of $8.16 million during the quarter, compared to analysts’ expectations of $7.90 million. Monroe Capital had a negative net margin of 13.52% and a positive return on equity of 6.59%. On average, research analysts predict that Monroe Capital Corporation will post 1.14 earnings per share for the current year.

Monroe Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were issued a $0.09 dividend. The ex-dividend date was Monday, March 16th. This represents a $0.36 annualized dividend and a dividend yield of 7.2%. Monroe Capital’s payout ratio is currently -156.52%.

Institutional Investors Weigh In On Monroe Capital

Several large investors have recently modified their holdings of the business. Sunbelt Securities Inc. raised its holdings in shares of Monroe Capital by 8.8% in the 4th quarter. Sunbelt Securities Inc. now owns 135,809 shares of the financial services provider’s stock valued at $865,000 after purchasing an additional 10,966 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Monroe Capital during the 4th quarter worth approximately $88,000. Almitas Capital LLC raised its stake in shares of Monroe Capital by 817.4% during the 4th quarter. Almitas Capital LLC now owns 999,044 shares of the financial services provider’s stock worth $6,364,000 after acquiring an additional 890,139 shares in the last quarter. Osaic Holdings Inc. raised its stake in shares of Monroe Capital by 20.8% during the 4th quarter. Osaic Holdings Inc. now owns 26,771 shares of the financial services provider’s stock worth $171,000 after acquiring an additional 4,608 shares in the last quarter. Finally, Yakira Capital Management Inc. raised its stake in shares of Monroe Capital by 353.9% during the 4th quarter. Yakira Capital Management Inc. now owns 129,809 shares of the financial services provider’s stock worth $827,000 after acquiring an additional 101,210 shares in the last quarter.

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.