Monroe Capital Co. (NASDAQ:MRCC) Short Interest Down 18.6% in February

Monroe Capital Co. (NASDAQ:MRCC - Get Free Report) was the target of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 66,800 shares, a decrease of 18.6% from the February 13th total of 82,100 shares. Based on an average daily trading volume, of 62,400 shares, the short-interest ratio is currently 1.1 days. Approximately 0.3% of the company's shares are short sold.

Wall Street Analyst Weigh In

Several research firms have issued reports on MRCC. StockNews.com lowered shares of Monroe Capital from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Oppenheimer cut their price target on shares of Monroe Capital from $9.00 to $8.00 and set a "market perform" rating for the company in a research report on Tuesday, March 4th. Finally, B. Riley lowered shares of Monroe Capital from a "neutral" rating to a "sell" rating and set a $7.25 price target for the company. in a research report on Wednesday, December 11th.

Institutional Trading of Monroe Capital

A number of institutional investors have recently modified their holdings of MRCC. CIBC Private Wealth Group LLC boosted its holdings in shares of Monroe Capital by 166.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 10,854 shares of the financial services provider's stock worth $92,000 after purchasing an additional 6,773 shares during the period. Envestnet Asset Management Inc. raised its stake in Monroe Capital by 13.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 12,688 shares of the financial services provider's stock worth $108,000 after buying an additional 1,486 shares in the last quarter. Aspiriant LLC raised its stake in Monroe Capital by 18.2% in the fourth quarter. Aspiriant LLC now owns 13,000 shares of the financial services provider's stock worth $110,000 after buying an additional 2,000 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in Monroe Capital in the fourth quarter worth about $144,000. Finally, Garden State Investment Advisory Services LLC bought a new position in Monroe Capital in the third quarter worth about $210,000.

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Monroe Capital Trading Down 0.8 %

Shares of Monroe Capital stock traded down $0.06 during trading on Friday, reaching $7.78. 35,661 shares of the stock were exchanged, compared to its average volume of 60,221. 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's fifty day moving average is $8.41 and its 200 day moving average is $8.27. The firm has a market cap of $168.56 million, a price-to-earnings ratio of 12.97 and a beta of 1.02. Monroe Capital has a 1 year low of $7.00 and a 1 year high of $8.85.

Monroe Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.85%. Monroe Capital's dividend payout ratio is currently 222.22%.

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.