Commonwealth Equity Services LLC lifted its holdings in Monroe Capital Corp (NASDAQ:MRCC) by 12.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,124 shares of the financial services provider’s stock after purchasing an additional 15,514 shares during the quarter. Commonwealth Equity Services LLC owned about 0.70% of Monroe Capital worth $1,373,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the company. Cliffwater LLC grew its stake in shares of Monroe Capital by 2.6% during the 4th quarter. Cliffwater LLC now owns 216,076 shares of the financial services provider’s stock worth $2,074,000 after acquiring an additional 5,434 shares during the period. West Family Investments Inc. grew its stake in shares of Monroe Capital by 84.1% during the 4th quarter. West Family Investments Inc. now owns 72,022 shares of the financial services provider’s stock worth $691,000 after acquiring an additional 32,906 shares during the period. Wiley BROS. Aintree Capital LLC bought a new position in shares of Monroe Capital during the 4th quarter worth $186,000. CIBC Private Wealth Group LLC grew its stake in shares of Monroe Capital by 3.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 116,082 shares of the financial services provider’s stock worth $1,114,000 after acquiring an additional 3,437 shares during the period. Finally, Capital Investment Advisory Services LLC bought a new position in shares of Monroe Capital during the 4th quarter worth $27,000. 23.78% of the stock is owned by hedge funds and other institutional investors.
MRCC has been the subject of several research reports. Zacks Investment Research downgraded Monroe Capital from a “buy” rating to a “hold” rating in a research note on Wednesday. ValuEngine downgraded Monroe Capital from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. National Securities restated a “neutral” rating and issued a $13.00 target price on shares of Monroe Capital in a research note on Thursday, March 7th. Finally, BidaskClub downgraded Monroe Capital from a “buy” rating to a “hold” rating in a research note on Thursday, February 28th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Monroe Capital currently has a consensus rating of “Hold” and a consensus target price of $13.13.
Shares of NASDAQ MRCC opened at $12.60 on Friday. Monroe Capital Corp has a 52 week low of $9.10 and a 52 week high of $14.65. The company has a quick ratio of 3.49, a current ratio of 3.49 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $257.61 million, a price-to-earnings ratio of 8.03 and a beta of 1.16.
Monroe Capital (NASDAQ:MRCC) last issued its earnings results on Tuesday, March 5th. The financial services provider reported $0.38 EPS for the quarter, topping the consensus estimate of $0.36 by $0.02. Monroe Capital had a return on equity of 11.96% and a net margin of 10.02%. On average, equities analysts forecast that Monroe Capital Corp will post 1.49 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be paid a $0.35 dividend. The ex-dividend date is Thursday, March 14th. This represents a $1.40 annualized dividend and a yield of 11.11%. Monroe Capital’s dividend payout ratio is currently 89.17%.
In other Monroe Capital news, Chairman Theodore L. Koenig purchased 10,700 shares of the company’s stock in a transaction dated Friday, December 21st. The stock was purchased at an average price of $9.34 per share, for a total transaction of $99,938.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Aaron Daniel Peck purchased 4,500 shares of the company’s stock in a transaction dated Monday, December 24th. The shares were acquired at an average price of $9.20 per share, with a total value of $41,400.00. Following the transaction, the chief financial officer now owns 10,436 shares in the company, valued at approximately $96,011.20. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 16,400 shares of company stock valued at $152,978. 1.90% of the stock is owned by corporate insiders.
Monroe Capital Profile
Monroe Capital Corporation is a business development company 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 fund prefers to invest in casinos and gaming, broadcasting, publishing, alcoholic beverage and tobacco distribution, oil and gas, insurance, pharmaceuticals and bio sciences, aerospace and defense, commercial printing, natural rubber, glass, container and packaging, metals and mining, and real estate.
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