Short Interest in Monroe Capital Co. (NASDAQ:MRCC) Decreases By 21.9%

Monroe Capital Co. (NASDAQ:MRCC) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totalling 58,600 shares, a decline of 21.9% from the April 30th total of 75,000 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 66,100 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Investors Weigh In On Monroe Capital

Several institutional investors and hedge funds have recently modified their holdings of MRCC. International Assets Investment Management LLC raised its holdings in Monroe Capital by 1,471.9% during the fourth quarter. International Assets Investment Management LLC now owns 150,145 shares of the financial services provider’s stock valued at $1,061,000 after buying an additional 140,593 shares in the last quarter. Koshinski Asset Management Inc. acquired a new position in shares of Monroe Capital during the 4th quarter valued at about $401,000. Chiron Capital Management LLC raised its stake in shares of Monroe Capital by 230.0% in the 4th quarter. Chiron Capital Management LLC now owns 77,435 shares of the financial services provider’s stock valued at $547,000 after acquiring an additional 53,971 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of Monroe Capital in the 1st quarter valued at approximately $327,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Monroe Capital in the 3rd quarter worth approximately $296,000.

Monroe Capital Stock Performance

NASDAQ MRCC traded down $0.02 on Friday, reaching $7.42. The stock had a trading volume of 32,925 shares, compared to its average volume of 55,683. Monroe Capital has a 1 year low of $6.69 and a 1 year high of $8.85. The business has a 50 day moving average price of $7.26 and a 200 day moving average price of $7.22. The company has a debt-to-equity ratio of 1.58, a quick ratio of 3.62 and a current ratio of 3.62.

Monroe Capital (NASDAQ:MRCC) last announced its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). The firm had revenue of $15.18 million during the quarter, compared to the consensus estimate of $15.26 million. Monroe Capital had a net margin of 0.33% and a return on equity of 10.98%. On average, equities analysts expect that Monroe Capital will post 1.01 EPS for the current year.

Monroe Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 13.48%. Monroe Capital’s dividend payout ratio is currently 10,010.01%.

Analyst Ratings Changes

Several research firms recently weighed in on MRCC. StockNews.com raised Monroe Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, March 20th. LADENBURG THALM/SH SH cut their target price on shares of Monroe Capital from $9.50 to $9.00 and set a “buy” rating for the company in a research report on Wednesday, March 13th.

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.