Monroe Capital Corp (NASDAQ:MRCC) CEO Theodore L. Koenig bought 12,100 shares of the stock in a transaction on Friday, March 16th. The shares were bought at an average price of $12.36 per share, with a total value of $149,556.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Monroe Capital stock traded down $0.06 during mid-day trading on Monday, hitting $12.23. The stock had a trading volume of 143,609 shares, compared to its average volume of 113,915. The firm has a market capitalization of $248.75, a P/E ratio of 19.41 and a beta of 0.60. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.85 and a current ratio of 1.85. Monroe Capital Corp has a 1-year low of $12.18 and a 1-year high of $16.20.
Monroe Capital (NASDAQ:MRCC) last issued its quarterly earnings results on Wednesday, March 14th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The business had revenue of $13.36 million for the quarter, compared to the consensus estimate of $13.35 million. Monroe Capital had a return on equity of 9.58% and a net margin of 23.78%.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 16th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 11.45%. The ex-dividend date of this dividend is Thursday, March 15th. Monroe Capital’s payout ratio is presently 222.23%.
Several hedge funds have recently modified their holdings of the company. Janney Montgomery Scott LLC increased its position in shares of Monroe Capital by 3.7% during the third quarter. Janney Montgomery Scott LLC now owns 191,096 shares of the financial services provider’s stock worth $2,735,000 after purchasing an additional 6,762 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Monroe Capital by 6.1% during the third quarter. Van ECK Associates Corp now owns 153,900 shares of the financial services provider’s stock worth $2,202,000 after purchasing an additional 8,817 shares in the last quarter. Atlantic Trust Group LLC acquired a new position in shares of Monroe Capital during the third quarter worth $2,056,000. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Monroe Capital by 83.2% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 133,939 shares of the financial services provider’s stock valued at $1,841,000 after acquiring an additional 60,838 shares during the period. Finally, BlackRock Inc. increased its position in shares of Monroe Capital by 8.9% in the 4th quarter. BlackRock Inc. now owns 129,810 shares of the financial services provider’s stock valued at $1,785,000 after acquiring an additional 10,660 shares during the period. 27.71% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have weighed in on MRCC. National Securities restated a “buy” rating and set a $17.00 target price on shares of Monroe Capital in a report on Friday. ValuEngine lowered Monroe Capital from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. BidaskClub downgraded Monroe Capital from a “sell” rating to a “strong sell” rating in a research report on Saturday, February 17th. Zacks Investment Research raised Monroe Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, TheStreet raised Monroe Capital from a “c+” rating to a “b” rating in a research report on Monday, November 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $16.50.
Monroe Capital Company Profile
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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