Monroe Capital Co. (NASDAQ:MRCC – Get Free Report) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 120,000 shares, an increase of 18.5% from the August 31st total of 101,300 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average trading volume of 49,300 shares, the short-interest ratio is currently 2.4 days.
Monroe Capital Price Performance
Monroe Capital stock traded down $0.01 during midday trading on Monday, reaching $8.17. The company’s stock had a trading volume of 23,990 shares, compared to its average volume of 61,274. Monroe Capital has a 52 week low of $6.69 and a 52 week high of $8.20. The company has a current ratio of 3.38, a quick ratio of 3.38 and a debt-to-equity ratio of 1.53. The business has a 50-day moving average price of $7.75 and a 200-day moving average price of $7.50. The stock has a market cap of $177.04 million, a PE ratio of 817.00 and a beta of 1.03.
Monroe Capital (NASDAQ:MRCC – Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.05. The company had revenue of $15.63 million for the quarter, compared to analysts’ expectations of $15.10 million. Monroe Capital had a return on equity of 11.47% and a net margin of 12.59%. During the same period in the previous year, the business posted $0.28 earnings per share. On average, sell-side analysts predict that Monroe Capital will post 1.12 EPS for the current year.
Monroe Capital Announces Dividend
Hedge Funds Weigh In On Monroe Capital
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rothschild Investment LLC acquired a new position in shares of Monroe Capital in the second quarter worth approximately $76,000. Lindbrook Capital LLC lifted its stake in shares of Monroe Capital by 80.0% in the first quarter. Lindbrook Capital LLC now owns 13,500 shares of the financial services provider’s stock worth $97,000 after acquiring an additional 6,000 shares during the period. CANADA LIFE ASSURANCE Co lifted its stake in shares of Monroe Capital by 16.8% in the first 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 during the period. Chapin Davis Inc. lifted its stake in shares of Monroe Capital by 73.3% in the first quarter. Chapin Davis Inc. now owns 26,000 shares of the financial services provider’s stock worth $187,000 after acquiring an additional 11,000 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in shares of Monroe Capital by 28.5% in the first quarter. International Assets Investment Management LLC now owns 27,302 shares of the financial services provider’s stock worth $198,000 after acquiring an additional 6,050 shares during the period.
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.
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