Short Interest in Monroe Capital Co. (NASDAQ:MRCC) Declines By 32.6%

Monroe Capital Co. (NASDAQ:MRCC) saw a large drop in short interest in March. As of March 31st, there was short interest totalling 46,200 shares, a drop of 32.6% from the March 15th total of 68,500 shares. Based on an average daily trading volume, of 68,200 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.2% of the shares of the company are short sold.

Monroe Capital Price Performance

NASDAQ MRCC opened at $7.18 on Friday. The company has a 50-day moving average price of $7.90 and a 200-day moving average price of $8.17. Monroe Capital has a 52 week low of $6.55 and a 52 week high of $8.85. The company has a quick ratio of 4.37, a current ratio of 4.37 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $155.56 million, a P/E ratio of 11.97 and a beta of 0.91.

Monroe Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.00 annualized dividend and a dividend yield of 13.93%. Monroe Capital’s dividend payout ratio (DPR) is 222.22%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new stake in Monroe Capital during the fourth quarter valued at about $712,000. Strategic Financial Concepts LLC purchased a new position in Monroe Capital in the fourth quarter worth about $144,000. Oppenheimer & Co. Inc. increased its position in shares of Monroe Capital by 84.4% during the 4th quarter. Oppenheimer & Co. Inc. now owns 36,474 shares of the financial services provider’s stock valued at $310,000 after purchasing an additional 16,699 shares during the last quarter. HB Wealth Management LLC increased 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 acquiring an additional 1,650 shares during the last quarter. Finally, Blair William & Co. IL raised its position in Monroe Capital by 0.4% in the 4th quarter. Blair William & Co. IL now owns 428,187 shares of the financial services provider’s stock worth $3,640,000 after purchasing an additional 1,735 shares during the period.

Analysts Set New Price Targets

Several research firms have issued reports on MRCC. StockNews.com cut shares of Monroe Capital from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Oppenheimer dropped 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.

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.