Monroe Capital (NASDAQ:MRCC) Share Price Passes Above 200-Day Moving Average - Here's What Happened

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 stock price passed 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 trading hands.

Monroe Capital Trading Down 0.3%

The firm has a market capitalization of $163.83 million, a price-to-earnings ratio of 84.00 and a beta of 0.91. The business's 50 day moving average price is $6.64 and its 200-day moving average price is $7.01. The company has a debt-to-equity ratio of 1.16, a current ratio of 4.02 and a quick ratio of 4.02.

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 for the quarter, missing analysts' consensus estimates of $0.21 by ($0.06). The business had revenue of $9.87 million during the quarter, compared to analysts' expectations of $12.38 million. Monroe Capital had a net margin of 3.74% and a return on equity of 10.70%. Equities analysts forecast that Monroe Capital Corporation will post 1.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Monroe Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Ascent Group LLC purchased a new stake in shares of Monroe Capital during the 1st quarter worth $80,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Monroe Capital during the 1st quarter worth approximately $84,000. Envestnet Asset Management Inc. raised its holdings in Monroe Capital by 13.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 12,688 shares of the financial services provider's stock worth $108,000 after purchasing an additional 1,486 shares during the last quarter. Pandora Wealth Inc. purchased a new stake in shares of Monroe Capital in the 1st quarter worth about $113,000. Finally, Aspiriant LLC boosted its position in shares of Monroe Capital by 35.7% in the 2nd 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 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.