Could Monroe Capital Corporation (NASDAQ:MRCC) Change Direction After Less Shorts?

Investors sentiment decreased to 0.66 in 2018 Q4. Its down 0.20, from 0.86 in 2018Q3. It worsened, as 9 investors sold Monroe Capital Corporation shares while 20 reduced holdings. 11 funds opened positions while 8 raised stakes. 3.81 million shares or 4.07% less from 3.97 million shares in 2018Q3 were reported.
Janney Montgomery Scott Limited Liability Com accumulated 143,524 shares or 0.01% of the stock. Blackrock accumulated 93,015 shares or 0% of the stock. Ashfield Prtnrs Ltd Liability Corporation accumulated 13,162 shares or 0.02% of the stock. Moreover, Mckinley Capital Mngmt Ltd Liability Delaware has 0.09% invested in Monroe Capital Corporation (NASDAQ:MRCC) for 111,865 shares. Invesco Ltd owns 613,870 shares for 0% of their portfolio. Bokf Na owns 26,000 shares for 0.01% of their portfolio. Illinois-based Advisory Research Inc has invested 0.01% in Monroe Capital Corporation (NASDAQ:MRCC). Ontario – Canada-based Royal Bankshares Of Canada has invested 0% in Monroe Capital Corporation (NASDAQ:MRCC). Fmr holds 66 shares or 0% of its portfolio. Envestnet Asset Mngmt Inc invested in 0% or 25,020 shares. Mackenzie Fincl reported 0% in Monroe Capital Corporation (NASDAQ:MRCC). Muzinich & Com Incorporated holds 308,511 shares or 0.84% of its portfolio. Advisors Asset Mgmt reported 235,944 shares. 56,574 were accumulated by Stephens Ar. Rothschild Invest Il invested 0.1% of its portfolio in Monroe Capital Corporation (NASDAQ:MRCC).

Since December 21, 2018, it had 4 insider buys, and 0 insider sales for $215,749 activity. RUBIN ROBERT S had bought 2,700 shares worth $26,112 on Wednesday, January 2. On Monday, December 31 the insider ALLISON THOMAS J. bought $48,277. KOENIG THEODORE L had bought 10,700 shares worth $99,979.

The stock of Monroe Capital Corporation (NASDAQ:MRCC) registered a decrease of 2.57% in short interest. MRCC’s total short interest was 626,100 shares in March as published by FINRA. Its down 2.57% from 642,600 shares, reported previously. With 84,500 shares average volume, it will take short sellers 7 days to cover their MRCC’s short positions.

The stock increased 1.53% or $0.19 during the last trading session, reaching $12.6. About 490,830 shares traded or 137.01% up from the average. Monroe Capital Corporation (NASDAQ:MRCC) has declined 4.27% since March 17, 2018 and is downtrending. It has underperformed by 8.64% the S&P500.

Monroe Capital Corporation is a business development firm specializing in senior, unitranche and junior secured debt and to a lesser extent, unsecured debt and equity investments, and buyouts in middle-market companies. The company has market cap of $257.60 million. The fund prefers to invest in casinos and gaming, broadcasting, publishing, alcoholic beverage and tobacco distribution, gas and oil, insurance, pharmaceuticals and bio sciences, aerospace and defense, commercial printing, natural rubber, glass, container and packaging, metals and mining, and real estate. It has a 43.75 P/E ratio. It focuses to invest in the United States and Canada.

Monroe Capital Corporation (NASDAQ:MRCC) Ratings Coverage

Among 4 analysts covering Monroe Capital (NASDAQ:MRCC), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Monroe Capital had 5 analyst reports since November 7, 2018 according to SRatingsIntel. The rating was maintained by FBR Capital with “Hold” on Wednesday, March 6. The company was downgraded on Wednesday, November 7 by Raymond James. As per Wednesday, November 7, the company rating was downgraded by JMP Securities. On Thursday, March 7 the stock rating was maintained by Oppenheimer with “Buy”.

More notable recent Monroe Capital Corporation (NASDAQ:MRCC) news were published by: Seekingalpha.com which released: “Monroe Capital Corporation: This 5.75% Baby Bond Has Begun Trading On The Nasdaq – Seeking Alpha” on September 20, 2018, also Seekingalpha.com with their article: “Dividend Increases For The High-Yield BDC Sector: Part 1 – Seeking Alpha” published on February 05, 2019, Seekingalpha.com published: “Monroe’s (MRCC) CEO Ted Koenig on Q1 2018 Results – Earnings Call Transcript – Seeking Alpha” on May 09, 2018. More interesting news about Monroe Capital Corporation (NASDAQ:MRCC) were released by: Seekingalpha.com and their article: “Quantifying BDCs’ Removal From The Russell Indices – Seeking Alpha” published on June 19, 2014 as well as Globenewswire.com‘s news article titled: “Consolidated Research: 2019 Summary Expectations for The Goldman Sachs Group, Motorola Solutions, Aquantia, Monroe Capital, Brookfield Asset Management, and MEDIFAST INC — Fundamental Analysis, Key Performance Indications – GlobeNewswire” with publication date: February 21, 2019.

Monroe Capital Corporation (NASDAQ:MRCC) Institutional Positions Chart

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