Monroe Capital Co. (NASDAQ:MRCC – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.63 and traded as high as $8.00. Monroe Capital shares last traded at $7.97, with a volume of 61,230 shares traded.
Monroe Capital Stock Performance
The business has a fifty day moving average of $7.98 and a two-hundred day moving average of $7.63. The company has a quick ratio of 3.38, a current ratio of 3.38 and a debt-to-equity ratio of 1.53.
Monroe Capital (NASDAQ:MRCC – Get Free Report) last posted its earnings results 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. The company had revenue of $15.63 million for the quarter, compared to analyst estimates of $15.10 million. Monroe Capital had a return on equity of 11.47% and a net margin of 12.59%. During the same quarter in the prior year, the company earned $0.28 earnings per share. As a group, equities research analysts forecast that Monroe Capital Co. will post 1.12 earnings per share for the current fiscal year.
Monroe Capital Announces Dividend
Institutional Trading of Monroe Capital
Large investors have recently modified their holdings of the business. Magnolia Capital Advisors LLC acquired a new position in shares of Monroe Capital during the 2nd quarter worth approximately $3,138,000. International Assets Investment Management LLC raised its holdings in shares of Monroe Capital by 708.0% in the third quarter. International Assets Investment Management LLC now owns 220,600 shares of the financial services provider’s stock worth $1,782,000 after acquiring an additional 193,298 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Monroe Capital by 2.8% in the second quarter. Commonwealth Equity Services LLC now owns 138,069 shares of the financial services provider’s stock valued at $1,051,000 after acquiring an additional 3,749 shares in the last quarter. HB Wealth Management LLC boosted its stake in shares of Monroe Capital by 6.7% during the second quarter. HB Wealth Management LLC now owns 53,323 shares of the financial services provider’s stock valued at $406,000 after acquiring an additional 3,356 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in Monroe Capital during the 1st quarter worth about $327,000.
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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