Monroe Capital (NASDAQ:MRCC) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Monroe Capital Co. (NASDAQ:MRCC)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.91 and traded as high as $8.20. Monroe Capital shares last traded at $8.15, with a volume of 30,911 shares trading hands.

Analyst Ratings Changes

A number of research firms have weighed in on MRCC. B. Riley cut shares of Monroe Capital from a “neutral” rating to a “sell” rating and set a $7.25 target price on the stock. in a research note on Wednesday, December 11th. StockNews.com raised Monroe Capital from a “hold” rating to a “buy” rating in a report on Thursday, December 19th.

Monroe Capital Trading Up 0.1 %

The business’s fifty day moving average is $8.24 and its 200-day moving average is $7.91. The company has a debt-to-equity ratio of 1.49, a quick ratio of 4.37 and a current ratio of 4.37. The firm has a market cap of $176.61 million, a P/E ratio of 13.58 and a beta of 1.04.

Monroe Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.27%. Monroe Capital’s dividend payout ratio (DPR) is presently 166.67%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. HB Wealth Management LLC increased its stake in shares of Monroe Capital by 6.7% in the second quarter. HB Wealth Management LLC now owns 53,323 shares of the financial services provider’s stock valued at $406,000 after buying an additional 3,356 shares during the period. Commonwealth Equity Services LLC increased its position in Monroe Capital by 2.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 138,069 shares of the financial services provider’s stock valued at $1,051,000 after purchasing an additional 3,749 shares during the period. Rothschild Investment LLC bought a new position in Monroe Capital during the 2nd quarter worth approximately $76,000. Private Advisor Group LLC acquired a new position in shares of Monroe Capital in the 3rd quarter worth approximately $104,000. Finally, Ritholtz Wealth Management boosted its stake in shares of Monroe Capital by 162.7% in the 2nd quarter. Ritholtz Wealth Management now owns 40,394 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 25,016 shares during the last quarter.

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.