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

Key Points

• Monroe Capital's stock price recently crossed above its 200-day moving average, reaching a high of $7.00 before trading at $6.97.
• Analyst ratings for Monroe Capital have a consensus of "Reduce," with a hold rating from Weiss Ratings and an average price target of $7.63.
• The company announced a quarterly dividend of $0.25 per share, representing a substantial annualized dividend yield of 14.3%.

Monroe Capital Corporation (NASDAQ:MRCC - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.81 and traded as high as $7.00. Monroe Capital shares last traded at $6.97, with a volume of 71,243 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Monroe Capital in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average price target of $7.63.

Monroe Capital Trading Up 2.7%

The business's fifty day moving average is $7.16 and its 200-day moving average is $6.81. The stock has a market capitalization of $151.04 million, a PE ratio of 77.44 and a beta of 0.92. The company has a quick ratio of 4.02, a current ratio of 4.02 and a debt-to-equity ratio of 1.16.

Monroe Capital (NASDAQ:MRCC - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.06). Monroe Capital had a net margin of 3.74% and a return on equity of 10.70%. The company had revenue of $9.87 million for the quarter, compared to analysts' expectations of $12.38 million. As a group, analysts anticipate that Monroe Capital Corporation will post 1.14 EPS for the current fiscal year.

Monroe Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were issued a dividend of $0.25 per share. The ex-dividend date was Monday, September 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 14.3%. Monroe Capital's payout ratio is presently 1,111.11%.

Institutional Trading of Monroe Capital

A number of institutional investors have recently modified their holdings of MRCC. Ascent Group LLC purchased a new stake in Monroe Capital during the 1st quarter worth $80,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Monroe Capital in the first quarter worth about $84,000. Pandora Wealth Inc. purchased a new stake in shares of Monroe Capital in the first quarter worth about $113,000. Aspiriant LLC boosted its position 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 worth $121,000 after buying an additional 5,000 shares during the period. Finally, Trexquant Investment LP purchased a new stake in shares of Monroe Capital in the first quarter worth about $186,000.

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.

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