Monroe Capital Co. (NASDAQ:MRCC) Short Interest Update

Monroe Capital Co. (NASDAQ:MRCC) 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) 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

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 12.24%. The ex-dividend date of this dividend is Monday, September 16th. Monroe Capital’s dividend payout ratio (DPR) is currently 10,000.00%.

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.