Monroe Capital (NASDAQ:MRCC) Shares Cross 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 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) 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

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 12.55%. The ex-dividend date of this dividend was Monday, September 16th. Monroe Capital’s payout ratio is currently 277.78%.

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.