Monroe Capital (NASDAQ:MRCC) Shares Pass Above 200-Day Moving Average of $7.19

Monroe Capital Co. (NASDAQ:MRCC)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.19 and traded as high as $7.44. Monroe Capital shares last traded at $7.31, with a volume of 145,234 shares trading hands.

Analyst Ratings Changes

Several analysts recently weighed in on MRCC shares. LADENBURG THALM/SH SH cut their price target on shares of Monroe Capital from $9.50 to $9.00 and set a “buy” rating on the stock in a report on Wednesday, March 13th. StockNews.com raised shares of Monroe Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, March 20th.

Monroe Capital Trading Up 3.7 %

The company has a current ratio of 2.83, a quick ratio of 2.83 and a debt-to-equity ratio of 1.48. The company has a market cap of $152.31 million, a PE ratio of 365.68 and a beta of 1.06. The stock has a 50 day moving average price of $7.25 and a 200 day moving average price of $7.19.

Monroe Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 13.68%. The ex-dividend date is Thursday, March 14th. Monroe Capital’s dividend payout ratio (DPR) is presently 5,002.50%.

Institutional Investors Weigh In On Monroe Capital

Several hedge funds have recently bought and sold shares of MRCC. Commonwealth Equity Services LLC lifted its holdings in shares of Monroe Capital by 1.1% during the second quarter. Commonwealth Equity Services LLC now owns 132,928 shares of the financial services provider’s stock valued at $1,087,000 after purchasing an additional 1,493 shares during the last quarter. HB Wealth Management LLC raised its stake in Monroe Capital by 3.1% during the third quarter. HB Wealth Management LLC now owns 54,422 shares of the financial services provider’s stock valued at $405,000 after buying an additional 1,611 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in Monroe Capital by 4.9% in the fourth quarter. Oppenheimer & Co. Inc. now owns 36,259 shares of the financial services provider’s stock worth $256,000 after acquiring an additional 1,687 shares in the last quarter. Cobblestone Capital Advisors LLC NY grew its stake in shares of Monroe Capital by 14.7% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 15,295 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 1,960 shares during the last quarter. Finally, Cetera Advisor Networks LLC grew its stake in shares of Monroe Capital by 7.7% in the second quarter. Cetera Advisor Networks LLC now owns 30,333 shares of the financial services provider’s stock worth $248,000 after acquiring an additional 2,181 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.