Short Interest in Monroe Capital Co. (NASDAQ:MRCC) Drops By 32.6%

Monroe Capital Co. (NASDAQ:MRCC) was the recipient of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 46,200 shares, a decline of 32.6% from the March 15th total of 68,500 shares. Based on an average daily volume of 68,200 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.2% of the company’s shares are short sold.

Monroe Capital Stock Performance

Shares of MRCC stock opened at $7.18 on Friday. The company has a quick ratio of 4.37, a current ratio of 4.37 and a debt-to-equity ratio of 1.49. The stock has a fifty day moving average of $7.90 and a 200 day moving average of $8.17. The firm has a market capitalization of $155.56 million, a price-to-earnings ratio of 11.97 and a beta of 0.91. Monroe Capital has a 52 week low of $6.55 and a 52 week high of $8.85.

Monroe Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 13.93%. Monroe Capital’s dividend payout ratio (DPR) is 222.22%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MRCC. Oppenheimer decreased their target price on shares of 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. StockNews.com downgraded shares of Monroe Capital from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd.

Institutional Investors Weigh In On Monroe Capital

Several hedge funds have recently made changes to their positions in MRCC. Garden State Investment Advisory Services LLC purchased a new stake in shares of Monroe Capital in the 3rd quarter worth about $210,000. Ritholtz Wealth Management boosted its stake in Monroe Capital by 8.2% during the fourth quarter. Ritholtz Wealth Management now owns 36,882 shares of the financial services provider’s stock worth $313,000 after acquiring an additional 2,803 shares in the last quarter. HB Wealth Management LLC increased its stake in shares of Monroe Capital by 3.0% during the fourth quarter. HB Wealth Management LLC now owns 56,600 shares of the financial services provider’s stock valued at $481,000 after purchasing an additional 1,650 shares in the last quarter. LaFleur & Godfrey LLC lifted its holdings in shares of Monroe Capital by 197.3% during the fourth quarter. LaFleur & Godfrey LLC now owns 64,810 shares of the financial services provider’s stock valued at $551,000 after purchasing an additional 43,010 shares during the last quarter. Finally, Aspiriant LLC boosted 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 purchasing an additional 2,000 shares in the last quarter.

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.