Monroe Capital Co. (NASDAQ:MRCC) Short Interest Down 18.6% in February

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on MRCC shares. B. Riley downgraded shares of Monroe Capital from a “neutral” rating to a “sell” rating and set a $7.25 price target on the stock. in a research report on Wednesday, December 11th. StockNews.com cut shares of Monroe Capital from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Finally, Oppenheimer dropped their price objective 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.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Blair William & Co. IL lifted 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 buying an additional 1,735 shares in the last quarter. Two Sigma Advisers LP increased its position in shares of Monroe Capital by 13.7% during the 4th quarter. Two Sigma Advisers LP now owns 181,700 shares of the financial services provider’s stock worth $1,544,000 after purchasing an additional 21,900 shares during the last quarter. Two Sigma Investments LP boosted its holdings in shares of Monroe Capital by 6.0% in the 4th quarter. Two Sigma Investments LP now owns 134,924 shares of the financial services provider’s stock valued at $1,147,000 after buying an additional 7,652 shares during the last quarter. Magnolia Capital Advisors LLC grew its stake in shares of Monroe Capital by 1.9% in 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 in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S increased its holdings in Monroe Capital by 2.2% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 99,400 shares of the financial services provider’s stock worth $845,000 after buying an additional 2,185 shares during the last quarter.

Monroe Capital Stock Up 0.4 %

Monroe Capital stock traded up $0.03 during midday trading on Thursday, reaching $7.84. The stock had a trading volume of 31,785 shares, compared to its average volume of 56,750. The stock has a market capitalization of $169.86 million, a P/E ratio of 13.07 and a beta of 1.02. The firm’s fifty day simple moving average is $8.43 and its 200-day simple moving average is $8.27. The company has a debt-to-equity ratio of 1.49, a quick ratio of 4.37 and a current ratio of 4.37. Monroe Capital has a 1-year low of $7.00 and a 1-year high of $8.85.

Monroe Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.25 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.76%. Monroe Capital’s dividend payout ratio (DPR) is presently 222.22%.

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.