Monroe Capital (NASDAQ:MRCC) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Shares of Monroe Capital Corporation (NASDAQ:MRCC) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.72 and traded as high as $6.77. Monroe Capital shares last traded at $6.71, with a volume of 157,525 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Monroe Capital in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $8.00.

Monroe Capital Price Performance

The stock has a 50 day moving average of $6.41 and a 200-day moving average of $6.72. The company has a current ratio of 5.87, a quick ratio of 5.87 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $145.38 million, a P/E ratio of -35.32 and a beta of 0.74.

Monroe Capital (NASDAQ:MRCC) last announced its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $0.09 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.06). Monroe Capital had a negative net margin of 9.58% and a positive return on equity of 8.49%. The business had revenue of $6.87 million during the quarter, compared to the consensus estimate of $8.84 million. On average, equities research analysts anticipate that Monroe Capital Corporation will post 1.14 earnings per share for the current fiscal year.

Monroe Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 10.7%. The ex-dividend date of this dividend was Tuesday, December 23rd. Monroe Capital’s payout ratio is -378.95%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of MRCC. Sunbelt Securities Inc. raised its position in Monroe Capital by 165.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 124,843 shares of the financial services provider’s stock valued at $876,000 after purchasing an additional 77,725 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Monroe Capital during the third quarter valued at $37,000. CANADA LIFE ASSURANCE Co raised its stake in shares of Monroe Capital by 42.7% in the third quarter. CANADA LIFE ASSURANCE Co now owns 29,052 shares of the financial services provider’s stock worth $201,000 after purchasing an additional 8,691 shares during the last quarter. Susquehanna International Group LLP raised its position in Monroe Capital by 16.0% during the 3rd quarter. Susquehanna International Group LLP now owns 93,069 shares of the financial services provider’s stock worth $653,000 after buying an additional 12,859 shares during the last quarter. Finally, Quarry LP acquired a new stake in Monroe Capital during the 3rd quarter worth about $414,000.

Monroe Capital Company Profile

Monroe Capital Corporation (NASDAQ: MRCC) is a publicly traded business development company that specializes in providing flexible debt financing solutions to middle-market companies across North America. The firm structures and underwrites a range of senior secured loans, unitranche financings, second-lien loans, mezzanine debt and equity co-investments. Monroe Capital’s offerings are designed to support corporate growth, acquisitions, recapitalizations and refinancings across diverse industries, including business services, healthcare, manufacturing and specialty finance.

Headquartered in Chicago, Illinois, Monroe Capital was founded in 2004 and has since built a national footprint by maintaining offices in key U.S.