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

Monroe Capital Co. (NASDAQ:MRCC) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 120,000 shares, a growth of 18.5% from the August 31st total of 101,300 shares. Based on an average daily volume of 49,300 shares, the short-interest ratio is currently 2.4 days. Currently, 0.6% of the shares of the company are short sold.

Institutional Investors Weigh In On Monroe Capital

A number of institutional investors have recently added to or reduced their stakes in MRCC. Magnolia Capital Advisors LLC acquired a new stake in Monroe Capital during the second quarter valued at approximately $3,138,000. Chapin Davis Inc. boosted its holdings in Monroe Capital by 73.3% during the first quarter. Chapin Davis Inc. now owns 26,000 shares of the financial services provider’s stock valued at $187,000 after purchasing an additional 11,000 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Monroe Capital by 1.0% in 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 in the last quarter. Ritholtz Wealth Management boosted its holdings in shares of Monroe Capital by 162.7% in the 2nd quarter. Ritholtz Wealth Management now owns 40,394 shares of the financial services provider’s stock worth $307,000 after acquiring an additional 25,016 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its holdings in shares of Monroe Capital by 10.3% in the 1st quarter. Oppenheimer & Co. Inc. now owns 40,003 shares of the financial services provider’s stock worth $288,000 after acquiring an additional 3,744 shares in the last quarter.

Monroe Capital Stock Performance

MRCC stock traded down $0.10 during trading on Monday, reaching $8.08. 108,334 shares of the stock were exchanged, compared to its average volume of 61,723. Monroe Capital has a twelve month low of $6.69 and a twelve month high of $8.35. The company has a market capitalization of $175.09 million, a P/E ratio of 811.00 and a beta of 1.03. The stock has a 50 day simple moving average of $7.75 and a 200-day simple moving average of $7.50. The company has a current ratio of 3.38, a quick ratio of 3.38 and a debt-to-equity ratio of 1.53.

Monroe Capital (NASDAQ:MRCC) last released its earnings results on Wednesday, August 7th. The financial services provider reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. Monroe Capital had a return on equity of 11.47% and a net margin of 12.59%. The business had revenue of $15.63 million for the quarter, compared to the consensus estimate of $15.10 million. During the same period last year, the business earned $0.28 earnings per share. As a group, sell-side analysts anticipate that Monroe Capital will post 1.12 earnings per share for the current year.

Monroe Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 12.38%. The ex-dividend date is Monday, September 16th. Monroe Capital’s dividend payout ratio (DPR) is presently 10,000.00%.

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.