Monroe Capital (NASDAQ:MRCC) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Monroe Capital Co. (NASDAQ:MRCC) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.07 and traded as high as $8.64. Monroe Capital shares last traded at $8.55, with a volume of 25,959 shares.

Wall Street Analysts Forecast Growth

Several research firms have commented on MRCC. StockNews.com raised shares of Monroe Capital from a “hold” rating to a “buy” rating in a report on Thursday, December 19th. B. Riley cut shares of 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.

Monroe Capital Stock Performance

The business has a fifty day moving average of $8.41 and a 200-day moving average of $8.07. The company has a debt-to-equity ratio of 1.49, a quick ratio of 4.37 and a current ratio of 4.37.

Monroe Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.00 annualized dividend and a yield of 11.70%. Monroe Capital’s dividend payout ratio is currently 166.67%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MRCC. Private Advisor Group LLC bought a new position in shares of Monroe Capital in the third quarter worth $104,000. Aspiriant LLC grew its position in Monroe Capital by 18.2% during the fourth quarter. Aspiriant LLC now owns 13,000 shares of the financial services provider’s stock worth $110,000 after buying an additional 2,000 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in Monroe Capital in the 4th quarter worth about $144,000. Garden State Investment Advisory Services LLC bought a new stake in shares of Monroe Capital during the 3rd quarter valued at about $210,000. Finally, Ritholtz Wealth Management boosted its position in shares of Monroe Capital by 8.2% during the 4th quarter. Ritholtz Wealth Management now owns 36,882 shares of the financial services provider’s stock valued at $313,000 after acquiring an additional 2,803 shares during 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.