Chapin Davis Inc. Purchases 11,000 Shares of Monroe Capital Co. (NASDAQ:MRCC)

Chapin Davis Inc. grew its position in shares of Monroe Capital Co. (NASDAQ:MRCC) by 73.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,000 shares of the financial services provider’s stock after buying an additional 11,000 shares during the period. Chapin Davis Inc.’s holdings in Monroe Capital were worth $187,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in Monroe Capital during the 3rd quarter worth $296,000. Fiduciary Group LLC increased its position in shares of Monroe Capital by 6.1% in the fourth 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 period. O Shaughnessy Asset Management LLC bought a new position in shares of Monroe Capital in the third quarter worth $106,000. Chiron Capital Management LLC increased its position in shares of 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 purchasing an additional 53,971 shares during the period. Finally, Cerity Partners LLC increased its position in shares of Monroe Capital by 10.9% in the fourth 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 period.

Monroe Capital Price Performance

Shares of MRCC stock opened at $7.45 on Tuesday. The business’s 50-day moving average price is $7.45 and its 200-day moving average price is $7.29. Monroe Capital Co. has a 12 month low of $6.69 and a 12 month high of $8.85. The company has a debt-to-equity ratio of 1.58, a current ratio of 3.62 and a quick ratio of 3.62.

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

Monroe Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 17th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 13.42%. The ex-dividend date was Monday, June 17th. Monroe Capital’s dividend payout ratio is currently 10,010.01%.

Analysts Set New Price Targets

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

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.