Monroe Capital Co. (NASDAQ:MRCC) Short Interest Update

Monroe Capital Co. (NASDAQ:MRCC) was the target of a large growth in short interest in September. As of September 15th, there was short interest totalling 120,000 shares, a growth of 18.5% from the August 31st total of 101,300 shares. Based on an average trading volume of 49,300 shares, the days-to-cover ratio is presently 2.4 days. Approximately 0.6% of the shares of the stock are short sold.

Monroe Capital Price Performance

Shares of MRCC traded down $0.10 on Monday, hitting $8.08. The company’s stock had a trading volume of 108,334 shares, compared to its average volume of 61,723. The company has a debt-to-equity ratio of 1.53, a current ratio of 3.38 and a quick ratio of 3.38. The company has a 50 day moving average price of $7.75 and a 200 day moving average price of $7.50. Monroe Capital has a fifty-two week low of $6.69 and a fifty-two week high of $8.35. The company has a market capitalization of $175.09 million, a PE ratio of 811.00 and a beta of 1.03.

Monroe Capital (NASDAQ:MRCC) last posted its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.05. Monroe Capital had a net margin of 12.59% and a return on equity of 11.47%. The firm had revenue of $15.63 million during the quarter, compared to analysts’ expectations of $15.10 million. During the same quarter in the previous year, the company posted $0.28 EPS. On average, research analysts anticipate that Monroe Capital will post 1.12 earnings per share for the current fiscal year.

Monroe Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 12.38%. The ex-dividend date is Monday, September 16th. Monroe Capital’s dividend payout ratio (DPR) is presently 10,000.00%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC raised its position in shares of Monroe Capital by 1.0% during the 1st quarter. Commonwealth Equity Services LLC now owns 134,320 shares of the financial services provider’s stock valued at $967,000 after acquiring an additional 1,350 shares during the last quarter. HB Wealth Management LLC increased its position in shares of Monroe Capital by 3.5% in the 1st quarter. HB Wealth Management LLC now owns 49,967 shares of the financial services provider’s stock valued at $360,000 after buying an additional 1,683 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of Monroe Capital by 16.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 19,938 shares of the financial services provider’s stock valued at $143,000 after buying an additional 2,861 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in shares of Monroe Capital by 10.3% in the 1st quarter. Oppenheimer & Co. Inc. now owns 40,003 shares of the financial services provider’s stock valued at $288,000 after buying an additional 3,744 shares in the last quarter. Finally, Lindbrook Capital LLC increased its position in shares of Monroe Capital by 80.0% in the 1st quarter. Lindbrook Capital LLC now owns 13,500 shares of the financial services provider’s stock valued at $97,000 after buying an additional 6,000 shares in the last quarter.

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.