Monroe Capital Co. (NASDAQ:MRCC) Shares Bought by HB Wealth Management LLC

HB Wealth Management LLC boosted its holdings in shares of Monroe Capital Co. (NASDAQ:MRCC) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,600 shares of the financial services provider’s stock after purchasing an additional 1,650 shares during the period. HB Wealth Management LLC’s holdings in Monroe Capital were worth $481,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Ritholtz Wealth Management increased its holdings in shares of Monroe Capital by 8.2% in the fourth quarter. Ritholtz Wealth Management now owns 36,882 shares of the financial services provider’s stock valued at $313,000 after buying an additional 2,803 shares in the last quarter. Private Advisor Group LLC acquired a new stake in shares of Monroe Capital during the third quarter worth $104,000. Garden State Investment Advisory Services LLC purchased a new stake in shares of Monroe Capital during the third quarter valued at $210,000. International Assets Investment Management LLC boosted its position in shares of Monroe Capital by 708.0% in the 3rd quarter. International Assets Investment Management LLC now owns 220,600 shares of the financial services provider’s stock valued at $1,782,000 after purchasing an additional 193,298 shares during the period. Finally, Magnolia Capital Advisors LLC purchased a new position in Monroe Capital in the 2nd quarter worth about $3,138,000.

Monroe Capital Trading Down 1.3 %

Shares of MRCC stock opened at $8.46 on Thursday. Monroe Capital Co. has a 1-year low of $6.97 and a 1-year high of $8.80. The company has a current ratio of 4.37, a quick ratio of 4.37 and a debt-to-equity ratio of 1.49. The stock’s fifty day simple moving average is $8.39 and its 200-day simple moving average is $8.03.

Monroe Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.00 annualized dividend and a yield of 11.82%. Monroe Capital’s dividend payout ratio (DPR) is presently 166.67%.

Analyst Upgrades and Downgrades

A number of analysts have commented on MRCC shares. StockNews.com raised shares of Monroe Capital from a “hold” rating to a “buy” rating in a research note on Thursday, December 19th. B. Riley downgraded shares of Monroe Capital from a “neutral” rating to a “sell” rating and set a $7.25 price target for the company. in a research report on Wednesday, December 11th.

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.