Monroe Capital (NASDAQ:MRCC) Shares Cross Above 200-Day Moving Average – Time to Sell?

Shares of Monroe Capital Co. (NASDAQ:MRCC) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.98 and traded as high as $8.43. Monroe Capital shares last traded at $8.15, with a volume of 42,057 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on MRCC shares. StockNews.com upgraded Monroe Capital from a “hold” rating to a “buy” rating in a report on Thursday, December 19th. B. Riley lowered Monroe Capital from a “neutral” rating to a “sell” rating and set a $7.25 price target on the stock. in a research note on Wednesday, December 11th.

Monroe Capital Stock Performance

The company has a market cap of $176.61 million, a PE ratio of 13.58 and a beta of 1.03. The stock’s 50 day simple moving average is $8.34 and its two-hundred day simple moving average is $7.98. The company has a quick ratio of 4.37, a current ratio of 4.37 and a debt-to-equity ratio of 1.49.

Monroe Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 12.27%. The ex-dividend date was Monday, December 16th. Monroe Capital’s dividend payout ratio (DPR) is presently 166.67%.

Institutional Investors Weigh In On Monroe Capital

Several large investors have recently made changes to their positions in the business. Private Advisor Group LLC acquired a new position in shares of Monroe Capital during the 3rd quarter valued at $104,000. Garden State Investment Advisory Services LLC acquired a new position in shares of Monroe Capital during the third quarter worth about $210,000. Commonwealth Equity Services LLC boosted its position in shares of Monroe Capital by 2.8% in the second quarter. Commonwealth Equity Services LLC now owns 138,069 shares of the financial services provider’s stock worth $1,051,000 after buying an additional 3,749 shares during the period. International Assets Investment Management LLC grew its stake in shares of Monroe Capital by 708.0% in the third quarter. International Assets Investment Management LLC now owns 220,600 shares of the financial services provider’s stock valued at $1,782,000 after buying an additional 193,298 shares in the last quarter. Finally, Magnolia Capital Advisors LLC acquired a new position in Monroe Capital during the 2nd quarter worth approximately $3,138,000.

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.