Monroe Capital (NASDAQ:MRCC) Stock Passes Below 200 Day Moving Average – Here’s Why

Monroe Capital Corporation (NASDAQ:MRCC)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.74 and traded as low as $6.51. Monroe Capital shares last traded at $6.59, with a volume of 81,319 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Monroe Capital in a report on Thursday. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Monroe Capital currently has a consensus rating of “Hold” and an average target price of $8.00.

Monroe Capital Stock Performance

The company has a debt-to-equity ratio of 1.22, a current ratio of 5.87 and a quick ratio of 5.87. The stock has a fifty day moving average price of $6.43 and a two-hundred day moving average price of $6.74. The company has a market cap of $142.81 million, a P/E ratio of -34.68 and a beta of 0.74.

Monroe Capital (NASDAQ:MRCC) last posted its earnings results 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). The business had revenue of $6.87 million during the quarter, compared to analyst estimates of $8.84 million. Monroe Capital had a negative net margin of 9.58% and a positive return on equity of 8.49%. On average, equities analysts forecast 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. Investors of record on Tuesday, December 23rd were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.9%. The ex-dividend date was Tuesday, December 23rd. Monroe Capital’s payout ratio is currently -378.95%.

Hedge Funds Weigh In On Monroe Capital

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. MAS Advisors LLC raised its position in shares of Monroe Capital by 4.8% during the 2nd quarter. MAS Advisors LLC now owns 41,123 shares of the financial services provider’s stock worth $262,000 after buying an additional 1,893 shares in the last quarter. Aspiriant LLC boosted its holdings in shares of Monroe Capital by 35.7% in the second quarter. Aspiriant LLC now owns 19,000 shares of the financial services provider’s stock valued at $121,000 after acquiring an additional 5,000 shares in the last quarter. Magnolia Capital Advisors LLC increased its stake in shares of Monroe Capital by 6.7% during the second quarter. Magnolia Capital Advisors LLC now owns 131,135 shares of the financial services provider’s stock valued at $834,000 after acquiring an additional 8,253 shares during the period. Virtus Investment Advisers LLC raised its holdings in Monroe Capital by 8.9% during the second quarter. Virtus Investment Advisers LLC now owns 82,292 shares of the financial services provider’s stock worth $523,000 after purchasing an additional 6,693 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its position in Monroe Capital by 13.0% in the second quarter. Baird Financial Group Inc. now owns 34,031 shares of the financial services provider’s stock worth $216,000 after purchasing an additional 3,911 shares during the period.

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.