Monroe Capital (NASDAQ:MRCC) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Monroe Capital Co. (NASDAQ:MRCC)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.07 and traded as high as $8.64. Monroe Capital shares last traded at $8.55, with a volume of 25,959 shares traded.

Analyst Upgrades and Downgrades

MRCC has been the topic of several recent research reports. B. Riley cut shares of Monroe Capital from a “neutral” rating to a “sell” rating and set a $7.25 price target on the stock. in a research report on Wednesday, December 11th. StockNews.com upgraded Monroe Capital from a “hold” rating to a “buy” rating in a report on Thursday, December 19th.

Monroe Capital Stock Performance

The business’s 50-day moving average is $8.41 and its two-hundred day moving average is $8.07. The company has a current ratio of 4.37, a quick ratio of 4.37 and a debt-to-equity ratio of 1.49.

Monroe Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were given a $0.25 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.00 annualized dividend and a yield of 11.70%. Monroe Capital’s dividend payout ratio is currently 166.67%.

Institutional Investors Weigh In On Monroe Capital

Several large investors have recently made changes to their positions in MRCC. Private Advisor Group LLC purchased a new position in shares of Monroe Capital in the 3rd quarter worth about $104,000. Aspiriant LLC boosted its stake in Monroe Capital by 18.2% in the fourth quarter. Aspiriant LLC now owns 13,000 shares of the financial services provider’s stock valued at $110,000 after acquiring an additional 2,000 shares during the last quarter. Strategic Financial Concepts LLC bought a new position in shares of Monroe Capital during the 4th quarter valued at approximately $144,000. Garden State Investment Advisory Services LLC purchased a new stake in shares of Monroe Capital during the 3rd quarter worth approximately $210,000. Finally, Ritholtz Wealth Management raised its holdings in shares of Monroe Capital by 8.2% in the 4th quarter. Ritholtz Wealth Management now owns 36,882 shares of the financial services provider’s stock worth $313,000 after purchasing an additional 2,803 shares during the period.

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.