412,358 Shares in Monroe Capital Co. (NASDAQ:MRCC) Bought by Magnolia Capital Advisors LLC

Magnolia Capital Advisors LLC purchased a new stake in shares of Monroe Capital Co. (NASDAQ:MRCC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 412,358 shares of the financial services provider’s stock, valued at approximately $3,138,000. Magnolia Capital Advisors LLC owned 1.90% of Monroe Capital at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Rothschild Investment LLC acquired a new stake in Monroe Capital in the second quarter valued at approximately $76,000. CANADA LIFE ASSURANCE Co increased its position in shares of Monroe Capital by 16.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 19,938 shares of the financial services provider’s stock worth $143,000 after acquiring an additional 2,861 shares during the last quarter. Chapin Davis Inc. boosted its holdings in Monroe Capital by 73.3% in the first quarter. Chapin Davis Inc. now owns 26,000 shares of the financial services provider’s stock valued at $187,000 after purchasing an additional 11,000 shares during the last quarter. International Assets Investment Management LLC grew its stake in Monroe Capital by 28.5% during the 1st quarter. International Assets Investment Management LLC now owns 27,302 shares of the financial services provider’s stock valued at $198,000 after purchasing an additional 6,050 shares in the last quarter. Finally, MAS Advisors LLC increased its holdings in Monroe Capital by 134.5% during the 1st quarter. MAS Advisors LLC now owns 27,727 shares of the financial services provider’s stock worth $200,000 after purchasing an additional 15,902 shares during the last quarter.

Monroe Capital Stock Performance

Monroe Capital stock opened at $8.18 on Monday. Monroe Capital Co. has a 52 week low of $6.69 and a 52 week high of $8.19. 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 has a market cap of $177.26 million, a P/E ratio of 818.00 and a beta of 1.03. The stock has a 50 day moving average of $7.75 and a 200-day moving average of $7.50.

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

Monroe Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 12.22%. The ex-dividend date of this dividend is Monday, September 16th. Monroe Capital’s dividend payout ratio is presently 10,000.00%.

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.