Monroe Capital (NASDAQ:MRCC) Shares Cross Above 200-Day Moving Average - What's Next?

Monroe Capital Co. (NASDAQ:MRCC - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.54 and traded as high as $8.40. Monroe Capital shares last traded at $8.16, with a volume of 55,488 shares.

Monroe Capital Price Performance

The company has a market cap of $174.01 million, a price-to-earnings ratio of 803.00 and a beta of 1.03. The company has a quick ratio of 3.38, a current ratio of 3.38 and a debt-to-equity ratio of 1.53. The company has a fifty day simple moving average of $7.81 and a two-hundred day simple moving average of $7.54.

Monroe Capital (NASDAQ:MRCC - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.05. The firm had revenue of $15.63 million for the quarter, compared to analysts' expectations of $15.10 million. Monroe Capital had a net margin of 12.59% and a return on equity of 11.47%. During the same period in the prior year, the company earned $0.28 EPS. On average, equities research analysts anticipate that Monroe Capital Co. will post 1.12 earnings per share for the current fiscal year.

Monroe Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $0.25 per share. The ex-dividend date was Monday, September 16th. This represents a $1.00 annualized dividend and a dividend yield of 12.45%. Monroe Capital's dividend payout ratio is currently 10,000.00%.

Hedge Funds Weigh In On Monroe Capital

Hedge funds have recently bought and sold shares of the stock. Rothschild Investment LLC acquired a new stake in shares of Monroe Capital during the second quarter valued at $76,000. CANADA LIFE ASSURANCE Co boosted its stake in shares of Monroe Capital by 16.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 19,938 shares of the financial services provider's stock worth $143,000 after purchasing an additional 2,861 shares during the last quarter. Chapin Davis Inc. grew its holdings in shares of Monroe Capital by 73.3% during the first quarter. Chapin Davis Inc. now owns 26,000 shares of the financial services provider's stock worth $187,000 after buying an additional 11,000 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Monroe Capital by 28.5% in the first quarter. International Assets Investment Management LLC now owns 27,302 shares of the financial services provider's stock valued at $198,000 after buying an additional 6,050 shares during the last quarter. Finally, MAS Advisors LLC lifted its stake in shares of Monroe Capital by 134.5% during the first quarter. MAS Advisors LLC now owns 27,727 shares of the financial services provider's stock valued at $200,000 after buying an additional 15,902 shares during the period.

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.