Short Interest in Monroe Capital Co. (NASDAQ:MRCC) Rises By 67.7%

Monroe Capital Co. (NASDAQ:MRCC - Get Free Report) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 102,300 shares, a growth of 67.7% from the April 30th total of 61,000 shares. Based on an average daily trading volume, of 90,900 shares, the short-interest ratio is currently 1.1 days. Currently, 0.5% of the shares of the company are sold short.

Monroe Capital Trading Down 1.4%

MRCC traded down $0.09 during trading hours on Monday, reaching $6.36. The company's stock had a trading volume of 30,537 shares, compared to its average volume of 66,011. The business's 50-day moving average is $6.90 and its 200-day moving average is $7.87. The stock has a market cap of $137.80 million, a PE ratio of 10.60 and a beta of 0.91. Monroe Capital has a fifty-two week low of $6.11 and a fifty-two week high of $8.85. The company has a debt-to-equity ratio of 1.49, a current ratio of 4.37 and a quick ratio of 4.37.

Monroe Capital (NASDAQ:MRCC - Get Free Report) last released its earnings results on Wednesday, May 7th. The financial services provider reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.08). The firm had revenue of $11.64 million during the quarter, compared to analyst estimates of $13.81 million. Monroe Capital had a net margin of 20.97% and a return on equity of 12.14%. As a group, equities research analysts predict that Monroe Capital will post 1.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Monroe Capital

Several large investors have recently added to or reduced their stakes in MRCC. Ascent Group LLC acquired a new position in shares of Monroe Capital in the first quarter worth $80,000. Trexquant Investment LP purchased a new position in Monroe Capital in the first quarter valued at $186,000. MAS Advisors LLC boosted its holdings in Monroe Capital by 33.1% in the first quarter. MAS Advisors LLC now owns 39,230 shares of the financial services provider's stock valued at $306,000 after purchasing an additional 9,749 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its stake in Monroe Capital by 2.9% during the 1st 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 in the last quarter. Finally, Ethos Financial Group LLC purchased a new stake in Monroe Capital during the 1st quarter worth about $287,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. 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. Wall Street Zen downgraded shares of Monroe Capital from a "buy" rating to a "hold" rating in a report on Monday, March 3rd.

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.