Monroe Capital (NASDAQ:MRCC) Stock Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Monroe Capital (NASDAQ:MRCC) shares have crossed above their 200-day moving average of $7.00, reaching a high of $7.49 during trading.
• The company reported $0.15 earnings per share, missing the consensus estimate of $0.21, while revenue for the quarter was $9.87 million, below expectations of $12.38 million.
• Monroe Capital announced a quarterly dividend of $0.25 per share, equating to an annualized yield of 13.4%, despite a payout ratio exceeding 1,111.11%.

Monroe Capital Corporation (NASDAQ:MRCC - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.00 and traded as high as $7.49. Monroe Capital shares last traded at $7.47, with a volume of 45,795 shares.

Monroe Capital Price Performance

The company has a debt-to-equity ratio of 1.16, a current ratio of 4.02 and a quick ratio of 4.02. The firm has a 50-day simple moving average of $6.70 and a two-hundred day simple moving average of $6.98. The company has a market cap of $163.83 million, a PE ratio of 84.00 and a beta of 0.91.

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 for the quarter, compared to analysts' expectations of $12.38 million. Monroe Capital had a return on equity of 10.70% and a net margin of 3.74%. Research analysts anticipate that Monroe Capital Corporation will post 1.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Monroe Capital

Several hedge funds have recently made changes to their positions in the business. Two Sigma Advisers LP boosted its holdings in shares of Monroe Capital by 13.7% during the fourth quarter. Two Sigma Advisers LP now owns 181,700 shares of the financial services provider's stock worth $1,544,000 after purchasing an additional 21,900 shares during the last quarter. Two Sigma Investments LP boosted its holdings in shares of Monroe Capital by 6.0% during the fourth quarter. Two Sigma Investments LP now owns 134,924 shares of the financial services provider's stock worth $1,147,000 after purchasing an additional 7,652 shares during the last quarter. Magnolia Capital Advisors LLC boosted its holdings 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 worth $834,000 after purchasing an additional 8,253 shares during the last quarter. LaFleur & Godfrey LLC boosted its holdings in shares of Monroe Capital by 68.0% during the first quarter. LaFleur & Godfrey LLC now owns 108,910 shares of the financial services provider's stock worth $849,000 after purchasing an additional 44,100 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Monroe Capital by 2.9% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 102,236 shares of the financial services provider's stock worth $797,000 after purchasing an additional 2,836 shares during the last quarter.

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.