Strategic Financial Concepts LLC Takes $144,000 Position in Monroe Capital Co. (NASDAQ:MRCC)

Strategic Financial Concepts LLC acquired a new stake in shares of Monroe Capital Co. (NASDAQ:MRCC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 17,000 shares of the financial services provider’s stock, valued at approximately $144,000. Strategic Financial Concepts LLC owned approximately 0.08% of Monroe Capital as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of MRCC. International Assets Investment Management LLC grew its position in shares of Monroe Capital by 708.0% during the third quarter. International Assets Investment Management LLC now owns 220,600 shares of the financial services provider’s stock worth $1,782,000 after buying an additional 193,298 shares in the last quarter. LaFleur & Godfrey LLC grew its holdings in Monroe Capital by 197.3% during the 4th quarter. LaFleur & Godfrey LLC now owns 64,810 shares of the financial services provider’s stock worth $551,000 after acquiring an additional 43,010 shares in the last quarter. Garden State Investment Advisory Services LLC acquired a new position in Monroe Capital during the 3rd quarter worth $210,000. Private Advisor Group LLC acquired a new position in Monroe Capital during the 3rd quarter worth $104,000. Finally, Ritholtz Wealth Management grew its stake in Monroe Capital by 8.2% in the fourth quarter. Ritholtz Wealth Management now owns 36,882 shares of the financial services provider’s stock worth $313,000 after purchasing an additional 2,803 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts recently commented on MRCC shares. B. Riley downgraded Monroe Capital from a “neutral” rating to a “sell” rating and set a $7.25 price target for the company. in a research note on Wednesday, December 11th. StockNews.com upgraded Monroe Capital from a “hold” rating to a “buy” rating in a research report on Thursday, December 19th.

Monroe Capital Trading Down 0.3 %

NASDAQ MRCC opened at $8.62 on Thursday. Monroe Capital Co. has a one year low of $6.97 and a one year high of $8.80. The company has a 50-day simple moving average of $8.43 and a 200-day simple moving average of $8.13. The company has a debt-to-equity ratio of 1.49, a quick ratio of 4.37 and a current ratio of 4.37. The firm has a market capitalization of $186.80 million, a PE ratio of 14.37 and a beta of 1.03.

Monroe Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.60%. The ex-dividend date of this dividend was Monday, December 16th. Monroe Capital’s payout ratio is 166.67%.

Monroe Capital 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.