Sunbelt Securities Inc. Boosts Stock Position in Monroe Capital Co. (NASDAQ:MRCC)

Sunbelt Securities Inc. boosted its holdings in shares of Monroe Capital Co. (NASDAQ:MRCC) by 308.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 47,118 shares of the financial services provider’s stock after purchasing an additional 35,578 shares during the quarter. Sunbelt Securities Inc.’s holdings in Monroe Capital were worth $390,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in Monroe Capital during the 4th quarter worth approximately $712,000. Strategic Financial Concepts LLC purchased a new stake in Monroe Capital during the 4th quarter worth approximately $144,000. Oppenheimer & Co. Inc. increased its holdings in Monroe Capital by 84.4% during the 4th quarter. Oppenheimer & Co. Inc. now owns 36,474 shares of the financial services provider’s stock worth $310,000 after purchasing an additional 16,699 shares during the last quarter. Marshall Wace LLP purchased a new stake in Monroe Capital during the 4th quarter worth approximately $440,000. Finally, BI Asset Management Fondsmaeglerselskab A S increased its holdings in Monroe Capital by 2.2% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 99,400 shares of the financial services provider’s stock worth $845,000 after purchasing an additional 2,185 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Oppenheimer decreased their target price on Monroe Capital from $9.00 to $8.00 and set a “market perform” rating for the company in a research report on Tuesday, March 4th. Wall Street Zen lowered Monroe Capital from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd.

Monroe Capital Price Performance

Shares of MRCC opened at $6.34 on Monday. The firm has a market cap of $137.36 million, a price-to-earnings ratio of 10.57 and a beta of 0.91. The stock has a 50 day moving average of $7.04 and a 200-day moving average of $7.93. The company has a current ratio of 4.37, a quick ratio of 4.37 and a debt-to-equity ratio of 1.49. Monroe Capital Co. has a 52 week low of $6.11 and a 52 week high of $8.85.

Monroe Capital (NASDAQ:MRCC) last issued its earnings results on Wednesday, May 7th. The financial services provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.08). The firm had revenue of $11.64 million during the quarter, compared to analyst estimates of $13.81 million. Monroe Capital had a return on equity of 12.14% and a net margin of 20.97%. As a group, analysts forecast that Monroe Capital Co. will post 1.14 EPS for the current year.

Monroe Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.25 per share. The ex-dividend date was Friday, March 14th. This represents a $1.00 dividend on an annualized basis and a yield of 15.77%. Monroe Capital’s dividend payout ratio is currently 303.03%.

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.