Connor Clark & Lunn Investment Management Ltd. Has $1.02 Million Position in Monroe Capital Co. (NASDAQ:MRCC)

Connor Clark & Lunn Investment Management Ltd. lowered its holdings in Monroe Capital Co. (NASDAQ:MRCC) by 12.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 126,773 shares of the financial services provider’s stock after selling 18,139 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.59% of Monroe Capital worth $1,024,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of MRCC. International Assets Investment Management LLC boosted its holdings in Monroe Capital by 708.0% during the 3rd quarter. International Assets Investment Management LLC now owns 220,600 shares of the financial services provider’s stock worth $1,782,000 after acquiring an additional 193,298 shares during the last quarter. Private Advisor Group LLC purchased a new position in Monroe Capital during the 3rd quarter worth $104,000. Magnolia Capital Advisors LLC purchased a new position in Monroe Capital during the 2nd quarter worth $3,138,000. Ritholtz Wealth Management boosted its holdings in Monroe Capital by 162.7% during the 2nd quarter. Ritholtz Wealth Management now owns 40,394 shares of the financial services provider’s stock worth $307,000 after acquiring an additional 25,016 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in Monroe Capital by 2.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 138,069 shares of the financial services provider’s stock worth $1,051,000 after acquiring an additional 3,749 shares during the last quarter.

Monroe Capital Stock Down 0.7 %

Shares of NASDAQ:MRCC opened at $8.42 on Thursday. The company’s 50-day moving average is $8.11 and its 200 day moving average is $7.78. The company has a debt-to-equity ratio of 1.49, a current ratio of 4.37 and a quick ratio of 4.37. Monroe Capital Co. has a fifty-two week low of $6.77 and a fifty-two week high of $8.64.

Monroe Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.88%. The ex-dividend date was Monday, September 16th. Monroe Capital’s dividend payout ratio (DPR) is currently 166.67%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Monroe Capital from a “hold” rating to a “buy” rating in a report on Thursday, November 14th.

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.