Short Interest in Monroe Capital Co. (NASDAQ:MRCC) Decreases By 18.6%

Monroe Capital Co. (NASDAQ:MRCC) was the target of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 66,800 shares, a decline of 18.6% from the February 13th total of 82,100 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 62,400 shares, the short-interest ratio is currently 1.1 days.

Monroe Capital Price Performance

Shares of Monroe Capital stock traded down $0.10 during trading on Wednesday, hitting $7.81. The stock had a trading volume of 51,001 shares, compared to its average volume of 59,842. The firm has a market cap of $169.21 million, a price-to-earnings ratio of 13.02 and a beta of 1.02. Monroe Capital has a 12 month low of $7.00 and a 12 month high of $8.85. The business’s 50-day moving average is $8.44 and its 200 day moving average is $8.28. The company has a current ratio of 4.37, a quick ratio of 4.37 and a debt-to-equity ratio of 1.49.

Monroe Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.25 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.00 annualized dividend and a yield of 12.80%. Monroe Capital’s dividend payout ratio (DPR) is presently 222.22%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MRCC shares. StockNews.com downgraded Monroe Capital from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Oppenheimer lowered their target price on shares of Monroe Capital from $9.00 to $8.00 and set a “market perform” rating on the stock in a report on Tuesday, March 4th. Finally, B. Riley cut shares of Monroe Capital from a “neutral” rating to a “sell” rating and set a $7.25 price target on the stock. in a report on Wednesday, December 11th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Strategic Financial Concepts LLC purchased a new stake in Monroe Capital during the fourth quarter valued at about $144,000. Oppenheimer & Co. Inc. boosted its position in Monroe Capital by 84.4% during the fourth quarter. Oppenheimer & Co. Inc. now owns 36,474 shares of the financial services provider’s stock valued at $310,000 after buying an additional 16,699 shares during the period. HB Wealth Management LLC boosted its position in Monroe Capital by 3.0% during the fourth quarter. HB Wealth Management LLC now owns 56,600 shares of the financial services provider’s stock valued at $481,000 after buying an additional 1,650 shares during the period. Magnolia Capital Advisors LLC boosted its position in Monroe Capital by 1.9% during the fourth quarter. Magnolia Capital Advisors LLC now owns 102,555 shares of the financial services provider’s stock valued at $872,000 after buying an additional 1,916 shares during the period. Finally, Aspiriant LLC boosted its position in Monroe Capital by 18.2% during the fourth quarter. Aspiriant LLC now owns 13,000 shares of the financial services provider’s stock valued at $110,000 after buying an additional 2,000 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.