Monroe Capital Co. (NASDAQ:MRCC) Short Interest Update

Monroe Capital Co. (NASDAQ:MRCC - Get Free Report) saw a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 88,100 shares, a decline of 39.7% from the November 30th total of 146,100 shares. Currently, 0.4% of the company's shares are short sold. Based on an average daily trading volume, of 63,300 shares, the days-to-cover ratio is currently 1.4 days.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MRCC. StockNews.com raised shares of Monroe Capital from a "hold" rating to a "buy" rating in a research report on Thursday, December 19th. B. Riley lowered Monroe Capital from a "neutral" rating to a "sell" rating and set a $7.25 price objective for the company. in a research report on Wednesday, December 11th.

Hedge Funds Weigh In On Monroe Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rothschild Investment LLC purchased a new position in shares of Monroe Capital during the second quarter valued at approximately $76,000. Private Advisor Group LLC bought a new position in shares of Monroe Capital during the 3rd quarter valued at $104,000. Garden State Investment Advisory Services LLC bought a new position in Monroe Capital in the third quarter valued at about $210,000. Ritholtz Wealth Management boosted its position in Monroe Capital by 162.7% in the second quarter. Ritholtz Wealth Management now owns 40,394 shares of the financial services provider's stock worth $307,000 after purchasing an additional 25,016 shares during the last quarter. Finally, HB Wealth Management LLC grew its stake in shares of Monroe Capital by 6.7% during the 2nd quarter. HB Wealth Management LLC now owns 53,323 shares of the financial services provider's stock valued at $406,000 after purchasing an additional 3,356 shares during the period.

Monroe Capital Stock Up 1.6 %

NASDAQ:MRCC traded up $0.13 on Friday, reaching $8.28. 79,290 shares of the stock traded hands, compared to its average volume of 62,104. 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 company has a market capitalization of $179.43 million, a price-to-earnings ratio of 13.80 and a beta of 1.04. Monroe Capital has a 12 month low of $6.85 and a 12 month high of $8.74. The company's fifty day simple moving average is $8.24 and its 200 day simple moving average is $7.92.

Monroe Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 12.08%. The ex-dividend date of this dividend is Monday, December 16th. Monroe Capital's dividend payout ratio (DPR) is currently 166.67%.

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.