Short Interest in Monroe Capital Co. (NASDAQ:MRCC) Decreases By 18.6%

Monroe Capital Co. (NASDAQ:MRCC) saw a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 66,800 shares, a drop of 18.6% from the February 13th total of 82,100 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 62,400 shares, the short-interest ratio is presently 1.1 days.

Analyst Ratings Changes

MRCC has been the topic of a number of recent research reports. Oppenheimer lowered their target price on Monroe Capital from $9.00 to $8.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 4th. B. Riley lowered Monroe Capital from a “neutral” rating to a “sell” rating and set a $7.25 target price on the stock. in a research note on Wednesday, December 11th. Finally, StockNews.com lowered Monroe Capital from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd.

Monroe Capital Price Performance

Monroe Capital stock traded down $0.10 during mid-day trading on Wednesday, reaching $7.81. 51,001 shares of the company were exchanged, compared to its average volume of 59,842. The company has a fifty day simple moving average of $8.44 and a 200-day simple moving average of $8.28. The firm has a market cap of $169.21 million, a PE ratio of 13.02 and a beta of 1.02. Monroe Capital has a 12 month low of $7.00 and a 12 month high of $8.85. The company has a debt-to-equity ratio of 1.49, a current ratio of 4.37 and a quick ratio of 4.37.

Monroe Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.80%. The ex-dividend date of this dividend is Friday, March 14th. Monroe Capital’s dividend payout ratio is presently 222.22%.

Institutional Investors Weigh In On Monroe Capital

Large investors have recently modified their holdings of the business. Strategic Financial Concepts LLC acquired a new stake in shares of Monroe Capital in the 4th quarter valued at $144,000. Oppenheimer & Co. Inc. raised its position in Monroe Capital by 84.4% during the 4th quarter. Oppenheimer & Co. Inc. now owns 36,474 shares of the financial services provider’s stock worth $310,000 after purchasing an additional 16,699 shares during the last quarter. HB Wealth Management LLC raised its position in shares of Monroe Capital by 3.0% in the 4th quarter. HB Wealth Management LLC now owns 56,600 shares of the financial services provider’s stock worth $481,000 after acquiring an additional 1,650 shares in the last quarter. Magnolia Capital Advisors LLC raised its position in shares of Monroe Capital by 1.9% in the 4th quarter. Magnolia Capital Advisors LLC now owns 102,555 shares of the financial services provider’s stock worth $872,000 after acquiring an additional 1,916 shares in the last quarter. Finally, Aspiriant LLC raised its position in shares of Monroe Capital by 18.2% in the 4th quarter. Aspiriant LLC now owns 13,000 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 2,000 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.