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

Monroe Capital Co. (NASDAQ:MRCC)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $7.58 and traded as high as $8.24. Monroe Capital shares last traded at $8.16, with a volume of 32,195 shares traded.

Monroe Capital Stock Down 1.0 %

The firm’s 50-day moving average is $7.88 and its 200 day moving average is $7.58. The firm has a market capitalization of $176.83 million, a P/E ratio of 816.00 and a beta of 1.03. The company has a debt-to-equity ratio of 1.53, a quick ratio of 3.38 and a current ratio of 3.38.

Monroe Capital (NASDAQ:MRCC) last issued its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.05. Monroe Capital had a net margin of 12.59% and a return on equity of 11.47%. 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 prior year, the firm earned $0.28 earnings per share. As a group, equities research analysts predict that Monroe Capital Co. will post 1.12 EPS for the current fiscal year.

Monroe Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 12.25%. The ex-dividend date of this dividend was Monday, September 16th. Monroe Capital’s payout ratio is 10,000.00%.

Hedge Funds Weigh In On Monroe Capital

Large investors have recently bought and sold shares of the company. Rothschild Investment LLC bought a new stake in shares of Monroe Capital in the 2nd quarter valued at about $76,000. CANADA LIFE ASSURANCE Co increased its position in shares of Monroe Capital by 16.8% during 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 in the last quarter. Chapin Davis Inc. grew its stake in shares of Monroe Capital by 73.3% in the 1st 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 in the last quarter. International Assets Investment Management LLC increased its position in shares of Monroe Capital by 28.5% during the first quarter. International Assets Investment Management LLC now owns 27,302 shares of the financial services provider’s stock valued at $198,000 after acquiring an additional 6,050 shares during the last quarter. Finally, MAS Advisors LLC lifted its stake in Monroe Capital by 134.5% in the first quarter. MAS Advisors LLC now owns 27,727 shares of the financial services provider’s stock valued at $200,000 after purchasing an additional 15,902 shares during the last quarter.

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.