Monroe Capital (NASDAQ:MRCC) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Monroe Capital Co. (NASDAQ:MRCC) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.63 and traded as high as $8.00. Monroe Capital shares last traded at $7.97, with a volume of 61,230 shares changing hands.

Monroe Capital Stock Performance

The firm’s fifty day moving average is $7.98 and its 200-day moving average is $7.63. The company has a debt-to-equity ratio of 1.53, a current ratio of 3.38 and a quick ratio of 3.38.

Monroe Capital (NASDAQ:MRCC) last issued its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.05. The firm had revenue of $15.63 million for the quarter, compared to analyst estimates of $15.10 million. Monroe Capital had a net margin of 12.59% and a return on equity of 11.47%. During the same period in the previous year, the firm earned $0.28 EPS. Analysts expect that Monroe Capital Co. will post 1.12 earnings per share for the current year.

Monroe Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 12.55%. The ex-dividend date of this dividend was Monday, September 16th. Monroe Capital’s dividend payout ratio is currently 277.78%.

Hedge Funds Weigh In On Monroe Capital

Institutional investors have recently bought and sold shares of the company. Rothschild Investment LLC acquired a new position in Monroe Capital in the 2nd quarter valued at about $76,000. Private Advisor Group LLC acquired a new position in Monroe Capital in the 3rd quarter valued at about $104,000. CANADA LIFE ASSURANCE Co grew its position in Monroe Capital by 16.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 19,938 shares of the financial services provider’s stock valued at $143,000 after acquiring an additional 2,861 shares in the last quarter. Chapin Davis Inc. grew its position in Monroe Capital by 73.3% in the 1st quarter. Chapin Davis Inc. now owns 26,000 shares of the financial services provider’s stock valued at $187,000 after acquiring an additional 11,000 shares in the last quarter. Finally, MAS Advisors LLC grew its position in Monroe Capital by 134.5% in the 1st quarter. MAS Advisors LLC now owns 27,727 shares of the financial services provider’s stock valued at $200,000 after acquiring an additional 15,902 shares in the last quarter.

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.