Monroe Capital (NASDAQ:MRCC) Share Price Passes Above 200-Day Moving Average of $7.39

Monroe Capital Co. (NASDAQ:MRCC)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.39 and traded as high as $7.80. Monroe Capital shares last traded at $7.76, with a volume of 32,122 shares traded.

Monroe Capital Price Performance

The company has a debt-to-equity ratio of 1.58, a quick ratio of 3.62 and a current ratio of 3.62. The stock has a market capitalization of $168.16 million, a P/E ratio of 776.00 and a beta of 1.04. The stock has a 50-day simple moving average of $7.54 and a 200 day simple moving average of $7.39.

Monroe Capital (NASDAQ:MRCC) last announced 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 0.33% and a return on equity of 10.98%. The business 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 business posted $0.28 earnings per share. On average, equities analysts forecast that Monroe Capital Co. will post 1.01 earnings per share for the current fiscal year.

Monroe Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 17th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 12.89%. The ex-dividend date was Monday, June 17th. Monroe Capital’s dividend payout ratio is 10,000.00%.

Hedge Funds Weigh In On Monroe Capital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fiduciary Group LLC lifted its holdings in shares of Monroe Capital by 6.1% in the fourth quarter. Fiduciary Group LLC now owns 43,500 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 2,500 shares in the last quarter. Chapin Davis Inc. lifted its stake in Monroe Capital by 73.3% in the 1st quarter. Chapin Davis Inc. now owns 26,000 shares of the financial services provider’s stock valued at $187,000 after acquiring an additional 11,000 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in Monroe Capital by 1.0% during the 1st quarter. Commonwealth Equity Services LLC now owns 134,320 shares of the financial services provider’s stock worth $967,000 after acquiring an additional 1,350 shares during the last quarter. Chiron Capital Management LLC grew its stake in shares of Monroe Capital by 230.0% during the 4th quarter. Chiron Capital Management LLC now owns 77,435 shares of the financial services provider’s stock worth $547,000 after acquiring an additional 53,971 shares in the last quarter. Finally, 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.

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.