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

Monroe Capital Co. (NASDAQ:MRCC)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.98 and traded as high as $8.43. Monroe Capital shares last traded at $8.15, with a volume of 42,057 shares traded.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. StockNews.com raised Monroe Capital from a “hold” rating to a “buy” rating in a research report on Thursday, December 19th. B. Riley downgraded 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 Price Performance

The company has a current ratio of 4.37, a quick ratio of 4.37 and a debt-to-equity ratio of 1.49. The company has a market cap of $176.61 million, a PE ratio of 13.58 and a beta of 1.03. The firm has a 50 day moving average of $8.34 and a two-hundred day moving average of $7.98.

Monroe Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, December 16th. This represents a $1.00 annualized dividend and a yield of 12.27%. Monroe Capital’s dividend payout ratio is 166.67%.

Institutional Trading of Monroe Capital

Several institutional investors have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC boosted its stake 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 purchasing an additional 3,749 shares during the last quarter. Private Advisor Group LLC purchased a new position in shares of Monroe Capital in the 3rd quarter worth $104,000. Garden State Investment Advisory Services LLC purchased a new position in shares of Monroe Capital in the 3rd quarter worth $210,000. International Assets Investment Management LLC boosted its stake in shares of Monroe Capital by 708.0% in the 3rd 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 last quarter. Finally, Magnolia Capital Advisors LLC purchased a new position in shares of Monroe Capital in the 2nd quarter worth $3,138,000.

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.