Monroe Capital Co. (NASDAQ:MRCC) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC boosted its stake in Monroe Capital Co. (NASDAQ:MRCC) by 2.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 138,069 shares of the financial services provider’s stock after acquiring an additional 3,749 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Monroe Capital were worth $1,051,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. HB Wealth Management LLC raised its stake in shares of Monroe Capital by 3.5% in the 1st quarter. HB Wealth Management LLC now owns 49,967 shares of the financial services provider’s stock valued at $360,000 after purchasing an additional 1,683 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in Monroe Capital by 16.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 19,938 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 2,861 shares during the period. Oppenheimer & Co. Inc. grew its position in Monroe Capital by 10.3% during the 1st quarter. Oppenheimer & Co. Inc. now owns 40,003 shares of the financial services provider’s stock worth $288,000 after purchasing an additional 3,744 shares in the last quarter. Cape Investment Advisory Inc. acquired a new stake in Monroe Capital during the 4th quarter valued at $40,000. Finally, Lindbrook Capital LLC lifted its holdings in shares of Monroe Capital by 80.0% in the first quarter. Lindbrook Capital LLC now owns 13,500 shares of the financial services provider’s stock valued at $97,000 after purchasing an additional 6,000 shares in the last quarter.

Monroe Capital Stock Performance

Shares of MRCC stock opened at $7.85 on Tuesday. The company has a market capitalization of $170.11 million, a price-to-earnings ratio of 785.00 and a beta of 1.03. Monroe Capital Co. has a 1-year low of $6.69 and a 1-year high of $8.14. The company has a current ratio of 3.38, a quick ratio of 3.38 and a debt-to-equity ratio of 1.53. The stock’s fifty day simple moving average is $7.67 and its 200-day simple moving average is $7.46.

Monroe Capital (NASDAQ:MRCC) last released its earnings results on Wednesday, August 7th. The financial services provider reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.05. The company had revenue of $15.63 million for the quarter, compared to analysts’ expectations of $15.10 million. Monroe Capital had a return on equity of 11.47% and a net margin of 12.59%. During the same quarter in the previous year, the business posted $0.28 EPS. On average, sell-side analysts predict that Monroe Capital Co. will post 1.12 earnings per share for the current fiscal year.

Monroe Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.00 dividend on an annualized basis and a yield of 12.74%. Monroe Capital’s payout ratio is 10,000.00%.

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.