Monroe Capital (NASDAQ:MRCC) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Monroe Capital Corporation (NASDAQ:MRCC)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $6.23 and traded as low as $4.65. Monroe Capital shares last traded at $5.01, with a volume of 160,587 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Monroe Capital from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Monroe Capital Stock Performance

The company has a market cap of $113.98 million, a PE ratio of -22.87 and a beta of 0.82. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.35 and a current ratio of 2.35. The stock’s 50-day simple moving average is $5.40 and its 200 day simple moving average is $6.20.

Monroe Capital (NASDAQ:MRCC) last announced its quarterly earnings data on Thursday, March 5th. The financial services provider reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The company had revenue of $8.16 million during the quarter, compared to the consensus estimate of $7.90 million. Monroe Capital had a negative net margin of 13.52% and a positive return on equity of 6.59%. As a group, equities analysts anticipate that Monroe Capital Corporation will post 1.14 EPS for the current year.

Monroe Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were given a dividend of $0.09 per share. The ex-dividend date was Monday, March 16th. This represents a $0.36 dividend on an annualized basis and a yield of 6.8%. Monroe Capital’s dividend payout ratio is presently -156.52%.

Hedge Funds Weigh In On Monroe Capital

A number of large investors have recently bought and sold shares of MRCC. Kestra Advisory Services LLC purchased a new position in shares of Monroe Capital in the 4th quarter valued at about $35,000. Advisory Services Network LLC purchased a new position in shares of Monroe Capital in the 3rd quarter valued at about $37,000. Argos Wealth Advisors LLC purchased a new position in shares of Monroe Capital in the 4th quarter valued at about $75,000. HB Wealth Management LLC purchased a new position in shares of Monroe Capital in the 3rd quarter valued at about $79,000. Finally, Closed End Fund Advisors Inc. purchased a new position in shares of Monroe Capital in the 4th quarter valued at about $82,000.

About Monroe Capital

Monroe Capital Corporation (NASDAQ: MRCC) is a publicly traded business development company that specializes in providing flexible debt financing solutions to middle-market companies across North America. The firm structures and underwrites a range of senior secured loans, unitranche financings, second-lien loans, mezzanine debt and equity co-investments. Monroe Capital’s offerings are designed to support corporate growth, acquisitions, recapitalizations and refinancings across diverse industries, including business services, healthcare, manufacturing and specialty finance.

Headquartered in Chicago, Illinois, Monroe Capital was founded in 2004 and has since built a national footprint by maintaining offices in key U.S.