Monroe Capital (NASDAQ:MRCC) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Monroe Capital Co. (NASDAQ:MRCC)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-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 trading hands.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. StockNews.com raised shares of Monroe Capital from a “hold” rating to a “buy” rating in a report on Thursday, December 19th. B. Riley downgraded Monroe Capital from a “neutral” rating to a “sell” rating and set a $7.25 target price for the company. in a research note on Wednesday, December 11th.

Monroe Capital Stock 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 stock’s 50 day moving average price is $8.34 and its two-hundred day moving average price is $7.98. The firm has a market capitalization of $176.61 million, a price-to-earnings ratio of 13.58 and a beta of 1.03.

Monroe Capital Dividend Announcement

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

Institutional Investors Weigh In On Monroe Capital

A number of institutional investors and hedge funds have recently modified their holdings of the company. Magnolia Capital Advisors LLC acquired a new stake in Monroe Capital in the second quarter valued at $3,138,000. International Assets Investment Management LLC boosted its position 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 in the last quarter. Commonwealth Equity Services LLC grew its stake in Monroe Capital by 2.8% in 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 acquiring an additional 3,749 shares during the last quarter. Garden State Investment Advisory Services LLC purchased a new position in Monroe Capital during the 3rd quarter valued at about $210,000. Finally, Private Advisor Group LLC purchased a new stake in shares of Monroe Capital in the third quarter valued at about $104,000.

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.