Monroe Capital (NASDAQ:MRCC) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Monroe Capital Co. (NASDAQ:MRCC) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.07 and traded as high as $8.64. Monroe Capital shares last traded at $8.55, with a volume of 25,959 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MRCC. StockNews.com upgraded Monroe Capital from a “hold” rating to a “buy” rating in a report on Thursday, December 19th. B. Riley cut shares of Monroe Capital from a “neutral” rating to a “sell” rating and set a $7.25 target price for the company. in a research note on Wednesday, December 11th.

Monroe Capital Stock Up 0.6 %

The firm has a 50 day moving average of $8.42 and a 200-day moving average of $8.08. The company has a debt-to-equity ratio of 1.49, a current ratio of 4.37 and a quick ratio of 4.37. The stock has a market capitalization of $186.33 million, a P/E ratio of 14.33 and a beta of 1.03.

Monroe Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.63%. Monroe Capital’s payout ratio is 166.67%.

Institutional Investors Weigh In On Monroe Capital

Several institutional investors and hedge funds have recently bought and sold shares of the business. Private Advisor Group LLC bought a new position in shares of Monroe Capital during the 3rd quarter worth about $104,000. Aspiriant LLC lifted its stake in Monroe Capital by 18.2% during the fourth quarter. Aspiriant LLC now owns 13,000 shares of the financial services provider’s stock worth $110,000 after purchasing an additional 2,000 shares during the period. Strategic Financial Concepts LLC acquired a new stake in Monroe Capital during the fourth quarter valued at approximately $144,000. Garden State Investment Advisory Services LLC bought a new stake in shares of Monroe Capital in the 3rd quarter valued at approximately $210,000. Finally, Ritholtz Wealth Management grew its stake in shares of Monroe Capital by 8.2% in the 4th quarter. Ritholtz Wealth Management now owns 36,882 shares of the financial services provider’s stock valued at $313,000 after purchasing an additional 2,803 shares during the period.

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.