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

Monroe Capital Co. (NASDAQ:MRCC - Get Free Report) was the target of a significant growth in short interest in 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 volume of 90,900 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.5% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on MRCC shares. Oppenheimer lowered their price target on shares of Monroe Capital from $9.00 to $8.00 and set a "market perform" rating for the company in a report on Tuesday, March 4th. Wall Street Zen lowered shares of Monroe Capital from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd.

Institutional Trading of Monroe Capital

Several large investors have recently bought and sold shares of MRCC. Envestnet Asset Management Inc. boosted its stake in shares of Monroe Capital by 13.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 12,688 shares of the financial services provider's stock valued at $108,000 after purchasing an additional 1,486 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in shares of Monroe Capital by 2.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 67,060 shares of the financial services provider's stock worth $570,000 after purchasing an additional 1,512 shares during the period. Blair William & Co. IL increased its position in Monroe Capital by 0.4% during the 4th quarter. Blair William & Co. IL now owns 428,187 shares of the financial services provider's stock worth $3,640,000 after purchasing an additional 1,735 shares during the period. HB Wealth Management LLC grew its stake in shares of Monroe Capital by 3.2% during the 1st quarter. HB Wealth Management LLC now owns 58,414 shares of the financial services provider's stock worth $456,000 after purchasing an additional 1,814 shares during the period. Finally, Magnolia Capital Advisors LLC boosted its position in shares of Monroe Capital by 1.9% in the 4th quarter. Magnolia Capital Advisors LLC now owns 102,555 shares of the financial services provider's stock worth $872,000 after buying an additional 1,916 shares in the last quarter.

Monroe Capital Trading Down 0.6%

MRCC traded down $0.04 during trading on Wednesday, hitting $6.32. 69,760 shares of the stock were exchanged, compared to its average volume of 65,561. Monroe Capital has a 1 year low of $6.11 and a 1 year high of $8.85. The company has a debt-to-equity ratio of 1.49, a quick ratio of 4.37 and a current ratio of 4.37. The firm has a market cap of $136.93 million, a price-to-earnings ratio of 10.53 and a beta of 0.91. The firm has a 50 day simple moving average of $6.82 and a 200 day simple moving average of $7.83.

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

Monroe Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 15.82%. Monroe Capital's payout ratio is presently 303.03%.

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.