Monroe Capital (NASDAQ:MRCC) Stock Passes Above 200 Day Moving Average – Here’s Why

Monroe Capital Co. (NASDAQ:MRCC) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.98 and traded as high as $8.43. Monroe Capital shares last traded at $8.15, with a volume of 42,057 shares.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. B. Riley downgraded Monroe Capital from a “neutral” rating to a “sell” rating and set a $7.25 price objective on the stock. in a 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 Price Performance

The business has a 50-day simple moving average of $8.34 and a 200 day simple moving average of $7.98. The firm has a market cap of $176.61 million, a P/E ratio of 13.58 and a beta of 1.03. The company has a debt-to-equity ratio of 1.49, a quick ratio of 4.37 and a current ratio of 4.37.

Monroe Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 12.27%. The ex-dividend date of this dividend was Monday, December 16th. Monroe Capital’s payout ratio is 166.67%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Magnolia Capital Advisors LLC bought a new position in Monroe Capital during the 2nd quarter valued at approximately $3,138,000. International Assets Investment Management LLC raised its position in shares of Monroe Capital by 708.0% in the 3rd quarter. International Assets Investment Management LLC now owns 220,600 shares of the financial services provider’s stock worth $1,782,000 after acquiring an additional 193,298 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Monroe Capital by 2.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 138,069 shares of the financial services provider’s stock worth $1,051,000 after acquiring an additional 3,749 shares in the last quarter. Garden State Investment Advisory Services LLC bought a new position in shares of Monroe Capital in the 3rd quarter worth approximately $210,000. Finally, Private Advisor Group LLC bought a new position in shares of Monroe Capital in the 3rd quarter worth approximately $104,000.

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.