Monroe Capital (NASDAQ:MRCC) Shares Cross Above Two Hundred Day Moving Average of $7.45

Monroe Capital Co. (NASDAQ:MRCC) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.45 and traded as high as $8.11. Monroe Capital shares last traded at $8.07, with a volume of 67,523 shares.

Monroe Capital Stock Up 0.6 %

The business’s 50 day moving average price is $7.66 and its 200-day moving average price is $7.45. The company has a debt-to-equity ratio of 1.53, a quick ratio of 3.38 and a current ratio of 3.38.

Monroe Capital (NASDAQ:MRCC) last issued its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.05. Monroe Capital had a net margin of 12.59% and a return on equity of 11.47%. The firm had revenue of $15.63 million during the quarter, compared to the consensus estimate of $15.10 million. During the same period last year, the business posted $0.28 earnings per share. As a group, equities research analysts expect that Monroe Capital Co. will post 1.12 earnings per share for the current year.

Monroe Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 12.39%. The ex-dividend date is Monday, September 16th. Monroe Capital’s payout ratio is 10,010.01%.

Institutional Investors Weigh In On Monroe Capital

A number of institutional investors have recently modified their holdings of the business. Chapin Davis Inc. raised its stake in Monroe Capital by 73.3% in the 1st quarter. Chapin Davis Inc. now owns 26,000 shares of the financial services provider’s stock worth $187,000 after purchasing an additional 11,000 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Monroe Capital by 1.0% in the first quarter. Commonwealth Equity Services LLC now owns 134,320 shares of the financial services provider’s stock valued at $967,000 after buying an additional 1,350 shares in the last quarter. Chiron Capital Management LLC boosted its stake in shares of Monroe Capital by 230.0% in the fourth quarter. Chiron Capital Management LLC now owns 77,435 shares of the financial services provider’s stock valued at $547,000 after buying an additional 53,971 shares during the period. Oppenheimer & Co. Inc. grew its position in Monroe Capital by 10.3% during the first quarter. Oppenheimer & Co. Inc. now owns 40,003 shares of the financial services provider’s stock worth $288,000 after buying an additional 3,744 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its stake in Monroe Capital by 16.8% during the 1st 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.

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.