Monroe Capital (NASDAQ:MRCC) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Monroe Capital Co. (NASDAQ:MRCC) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.91 and traded as high as $8.20. Monroe Capital shares last traded at $8.15, with a volume of 30,911 shares traded.

Wall Street Analyst Weigh In

MRCC has been the topic of a number of analyst reports. B. Riley cut Monroe Capital from a “neutral” rating to a “sell” rating and set a $7.25 price target on the stock. in a research note on Wednesday, December 11th. StockNews.com raised shares of Monroe Capital from a “hold” rating to a “buy” rating in a research note on Thursday, December 19th.

Monroe Capital Stock Up 1.6 %

The company has a market capitalization of $179.43 million, a P/E ratio of 13.80 and a beta of 1.04. The company has a debt-to-equity ratio of 1.49, a current ratio of 4.37 and a quick ratio of 4.37. The company has a 50 day moving average of $8.24 and a 200-day moving average of $7.92.

Monroe Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.08%. Monroe Capital’s dividend payout ratio is presently 166.67%.

Institutional Trading of Monroe Capital

Several large investors have recently added to or reduced their stakes in MRCC. Magnolia Capital Advisors LLC purchased a new stake in shares of Monroe Capital in the 2nd quarter worth about $3,138,000. International Assets Investment Management LLC lifted its holdings in 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 buying an additional 193,298 shares during the period. Commonwealth Equity Services LLC boosted its position in Monroe Capital by 2.8% during the 2nd 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 grew its holdings in shares of Monroe Capital by 6.7% during the 2nd quarter. HB Wealth Management LLC now owns 53,323 shares of the financial services provider’s stock worth $406,000 after acquiring an additional 3,356 shares during the period. Finally, Ritholtz Wealth Management raised its position 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.

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.