Ladenburg Thalmann Financial Services Inc. grew its position in Monroe Capital Corp (NASDAQ:MRCC) by 18.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 73,101 shares of the financial services provider’s stock after purchasing an additional 11,273 shares during the period. Ladenburg Thalmann Financial Services Inc. owned about 0.36% of Monroe Capital worth $1,046,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of MRCC. Muzinich & Co. Inc. grew its position in shares of Monroe Capital by 18.7% in the 2nd quarter. Muzinich & Co. Inc. now owns 801,138 shares of the financial services provider’s stock valued at $12,201,000 after acquiring an additional 126,196 shares during the period. Sumitomo Mitsui Asset Management Company LTD lifted its stake in shares of Monroe Capital by 14.8% during the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 462,399 shares of the financial services provider’s stock worth $6,616,000 after buying an additional 59,617 shares during the last quarter. Mckinley Capital Management LLC Delaware lifted its stake in shares of Monroe Capital by 55.2% during the 3rd quarter. Mckinley Capital Management LLC Delaware now owns 127,539 shares of the financial services provider’s stock worth $1,825,000 after buying an additional 45,346 shares during the last quarter. Magnetar Financial LLC acquired a new stake in shares of Monroe Capital during the 3rd quarter worth about $397,000. Finally, WESPAC Advisors LLC raised its stake in Monroe Capital by 63.9% in the 2nd quarter. WESPAC Advisors LLC now owns 64,940 shares of the financial services provider’s stock worth $989,000 after purchasing an additional 25,308 shares in the last quarter. 29.29% of the stock is owned by institutional investors.
Shares of Monroe Capital Corp (NASDAQ:MRCC) traded up $0.05 during midday trading on Friday, hitting $14.20. 46,264 shares of the stock were exchanged, compared to its average volume of 78,522. The firm has a market cap of $288.01, a P/E ratio of 14.49 and a beta of 0.56. Monroe Capital Corp has a 1 year low of $13.32 and a 1 year high of $16.20. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.52.
The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 9.86%. Monroe Capital’s payout ratio is presently 142.86%.
Several analysts have weighed in on the stock. Zacks Investment Research cut shares of Monroe Capital from a “hold” rating to a “sell” rating in a research note on Wednesday. TheStreet raised shares of Monroe Capital from a “c+” rating to a “b” rating in a report on Monday, November 27th. BidaskClub lowered shares of Monroe Capital from a “sell” rating to a “strong sell” rating in a report on Saturday, January 6th. Finally, National Securities reaffirmed a “buy” rating and set a $17.00 price target on shares of Monroe Capital in a report on Monday, November 13th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Monroe Capital presently has an average rating of “Hold” and a consensus target price of $16.67.
About Monroe Capital
Monroe Capital Corporation is a closed-end, non-diversified management investment company. The Company is a specialty finance company focused on providing financing primarily to lower middle-market companies in the United States and Canada. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation primarily through investments in senior, unitranche and junior secured debt, and unsecured subordinated debt and equity.
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