Monroe Capital (NASDAQ:MRCC) Shares Cross Above 200 Day Moving Average - Here's Why

Key Points

• Monroe Capital's shares recently crossed above their 200-day moving average, indicating potential positive momentum in trading.
• The company reported a quarterly earnings miss with earnings per share of $0.15, falling short of estimates of $0.21, alongside lower-than-expected revenue.
• A dividend of $0.25 per share was announced, offering an annual yield of 14.4%, with an exceptionally high payout ratio of 1,111.11%.

Monroe Capital Corporation (NASDAQ:MRCC - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.86 and traded as high as $7.08. Monroe Capital shares last traded at $6.94, with a volume of 136,314 shares changing hands.

Monroe Capital Stock Performance

The stock has a market capitalization of $150.36 million, a P/E ratio of 77.11 and a beta of 0.91. The company has a debt-to-equity ratio of 1.16, a quick ratio of 4.02 and a current ratio of 4.02. The company's fifty day simple moving average is $7.02 and its two-hundred day simple moving average is $6.86.

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

Monroe Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 14.4%. The ex-dividend date is Monday, September 22nd. Monroe Capital's dividend payout ratio is presently 1,111.11%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Ascent Group LLC acquired a new position in shares of Monroe Capital during the 1st quarter worth approximately $80,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Monroe Capital during the 1st quarter worth approximately $84,000. Pandora Wealth Inc. acquired a new position in shares of Monroe Capital during the 1st quarter worth approximately $113,000. Aspiriant LLC grew its position in shares of Monroe Capital by 35.7% during the 2nd quarter. Aspiriant LLC now owns 19,000 shares of the financial services provider's stock worth $121,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Osaic Holdings Inc. grew its position in shares of Monroe Capital by 35.3% during the 2nd quarter. Osaic Holdings Inc. now owns 26,250 shares of the financial services provider's stock worth $167,000 after purchasing an additional 6,845 shares in the last quarter.

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.

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