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

Monroe Capital Co. (NASDAQ:MRCC) saw a significant decrease in short interest in 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 volume of 62,400 shares, the short-interest ratio is currently 1.1 days. Approximately 0.3% of the company’s stock are short sold.

Monroe Capital Stock Up 0.4 %

Shares of Monroe Capital stock traded up $0.03 during midday trading on Thursday, reaching $7.84. 31,785 shares of the company’s stock traded hands, compared to its average volume of 56,750. The company has a market cap of $169.86 million, a price-to-earnings ratio of 13.07 and a beta of 1.02. Monroe Capital has a 52 week low of $7.00 and a 52 week high of $8.85. The company’s 50 day simple moving average is $8.43 and its 200 day simple moving average is $8.27. The company has a debt-to-equity ratio of 1.49, a quick ratio of 4.37 and a current ratio of 4.37.

Monroe Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 annualized dividend and a yield of 12.76%. Monroe Capital’s dividend payout ratio (DPR) is presently 222.22%.

Hedge Funds Weigh In On Monroe Capital

Several large investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. raised its holdings in Monroe Capital by 13.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 12,688 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 1,486 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of Monroe Capital by 2.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 67,060 shares of the financial services provider’s stock valued at $570,000 after purchasing an additional 1,512 shares in the last quarter. HB Wealth Management LLC boosted its stake in Monroe Capital by 3.0% during the fourth quarter. HB Wealth Management LLC now owns 56,600 shares of the financial services provider’s stock worth $481,000 after buying an additional 1,650 shares in the last quarter. Blair William & Co. IL increased its holdings in Monroe Capital by 0.4% in the 4th quarter. Blair William & Co. IL now owns 428,187 shares of the financial services provider’s stock valued at $3,640,000 after buying an additional 1,735 shares during the period. Finally, Magnolia Capital Advisors LLC increased its stake in Monroe Capital by 1.9% in the fourth quarter. Magnolia Capital Advisors LLC now owns 102,555 shares of the financial services provider’s stock valued at $872,000 after acquiring an additional 1,916 shares during the period.

Wall Street Analysts Forecast Growth

MRCC has been the subject of a number of research reports. 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. StockNews.com lowered Monroe Capital from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Finally, Oppenheimer lowered their target price on Monroe Capital from $9.00 to $8.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 4th.

About Monroe Capital

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.