Monroe Capital (NASDAQ:MRCC) Stock Crosses Above 200 Day Moving Average of $7.49

Monroe Capital Co. (NASDAQ:MRCC)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.49 and traded as high as $7.98. Monroe Capital shares last traded at $7.93, with a volume of 27,850 shares trading hands.

Monroe Capital Stock Performance

The stock has a market capitalization of $171.84 million, a price-to-earnings ratio of 793.00 and a beta of 1.03. The company’s 50-day simple moving average is $7.71 and its 200-day simple moving average is $7.49. The company has a current ratio of 3.38, a quick ratio of 3.38 and a debt-to-equity ratio of 1.53.

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

Monroe Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 12.61%. The ex-dividend date is Monday, September 16th. Monroe Capital’s payout ratio is 10,000.00%.

Hedge Funds Weigh In On Monroe Capital

Institutional investors have recently modified their holdings of the company. Commonwealth Equity Services LLC boosted its position in shares of Monroe Capital by 1.0% during the first quarter. Commonwealth Equity Services LLC now owns 134,320 shares of the financial services provider’s stock valued at $967,000 after buying an additional 1,350 shares during the last quarter. HB Wealth Management LLC boosted its holdings in Monroe Capital by 3.5% during the 1st quarter. HB Wealth Management LLC now owns 49,967 shares of the financial services provider’s stock worth $360,000 after acquiring an additional 1,683 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its stake in shares of 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 worth $143,000 after acquiring an additional 2,861 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of Monroe Capital by 10.3% in the first quarter. Oppenheimer & Co. Inc. now owns 40,003 shares of the financial services provider’s stock valued at $288,000 after purchasing an additional 3,744 shares during the last quarter. Finally, Cape Investment Advisory Inc. bought a new position in shares of Monroe Capital during the fourth quarter valued at about $40,000.

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.