Monroe Capital Co. (NASDAQ:MRCC) Stock Position Lifted by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its stake in shares of Monroe Capital Co. (NASDAQ:MRCC) by 28.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,302 shares of the financial services provider’s stock after purchasing an additional 6,050 shares during the period. International Assets Investment Management LLC’s holdings in Monroe Capital were worth $198,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Chiron Capital Management LLC grew its position in Monroe Capital by 230.0% in the fourth quarter. Chiron Capital Management LLC now owns 77,435 shares of the financial services provider’s stock worth $547,000 after acquiring an additional 53,971 shares in the last quarter. Koshinski Asset Management Inc. acquired a new position in shares of Monroe Capital in the 4th quarter valued at $401,000. Forum Financial Management LP grew its holdings in shares of Monroe Capital by 173.7% in the 4th quarter. Forum Financial Management LP now owns 54,747 shares of the financial services provider’s stock worth $387,000 after purchasing an additional 34,747 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of Monroe Capital by 10.9% in the 4th quarter. Cerity Partners LLC now owns 52,852 shares of the financial services provider’s stock worth $373,000 after purchasing an additional 5,185 shares during the last quarter. Finally, Fiduciary Group LLC grew its holdings in shares of Monroe Capital by 6.1% in the 4th quarter. Fiduciary Group LLC now owns 43,500 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 2,500 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have commented on MRCC shares. StockNews.com raised shares of Monroe Capital from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th. LADENBURG THALM/SH SH reduced their target price on shares of Monroe Capital from $9.50 to $9.00 and set a “buy” rating on the stock in a research note on Wednesday, March 13th.

Monroe Capital Stock Down 0.9 %

Shares of NASDAQ:MRCC opened at $7.36 on Thursday. The firm’s 50 day simple moving average is $7.42 and its 200 day simple moving average is $7.28. The company has a current ratio of 3.62, a quick ratio of 3.62 and a debt-to-equity ratio of 1.58. Monroe Capital Co. has a fifty-two week low of $6.69 and a fifty-two week high of $8.85.

Monroe Capital (NASDAQ:MRCC) last announced its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The firm had revenue of $15.18 million during the quarter, compared to analyst estimates of $15.26 million. Monroe Capital had a net margin of 0.33% and a return on equity of 10.98%. On average, equities research analysts anticipate that Monroe Capital Co. will post 1.01 earnings per share for the current fiscal year.

Monroe Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 17th will be given a $0.25 dividend. The ex-dividend date is Monday, June 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 13.59%. Monroe Capital’s dividend payout ratio is 10,010.01%.

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.