Ativo Capital Management LLC bought a new stake in shares of Monroe Capital Corporation (NASDAQ:MRCC) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 58,013 shares of the financial services provider’s stock, valued at approximately $913,000. Ativo Capital Management LLC owned about 0.35% of Monroe Capital Corporation as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Muzinich & Co. Inc. increased its stake in shares of Monroe Capital Corporation by 54.5% in the first quarter. Muzinich & Co. Inc. now owns 674,942 shares of the financial services provider’s stock valued at $10,617,000 after buying an additional 238,038 shares during the period. Sumitomo Mitsui Asset Management Company LTD increased its stake in Monroe Capital Corporation by 90.5% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 364,758 shares of the financial services provider’s stock worth $5,737,000 after buying an additional 173,280 shares during the period. Advisory Research Inc. increased its stake in Monroe Capital Corporation by 128.1% in the fourth quarter. Advisory Research Inc. now owns 204,089 shares of the financial services provider’s stock worth $3,139,000 after buying an additional 114,597 shares during the period. Homrich & Berg increased its stake in Monroe Capital Corporation by 3.9% in the first quarter. Homrich & Berg now owns 133,633 shares of the financial services provider’s stock worth $2,102,000 after buying an additional 5,060 shares during the period. Finally, Van ECK Associates Corp acquired a new stake in Monroe Capital Corporation during the first quarter worth about $1,995,000. 27.13% of the stock is currently owned by institutional investors and hedge funds.
Monroe Capital Corporation (MRCC) traded down 0.33% on Tuesday, hitting $14.99. The stock had a trading volume of 113,095 shares. Monroe Capital Corporation has a 1-year low of $13.60 and a 1-year high of $16.37. The company has a 50-day moving average price of $15.62 and a 200-day moving average price of $15.58.
Monroe Capital Corporation (NASDAQ:MRCC) last posted its quarterly earnings data on Tuesday, May 9th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. The business had revenue of $12.01 million during the quarter, compared to analyst estimates of $12.36 million. Monroe Capital Corporation had a return on equity of 10.23% and a net margin of 41.75%. Equities analysts forecast that Monroe Capital Corporation will post $1.45 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 9.34%. The ex-dividend date is Tuesday, June 13th. Monroe Capital Corporation’s payout ratio is 112.90%.
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A number of equities analysts recently weighed in on MRCC shares. Zacks Investment Research downgraded shares of Monroe Capital Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, February 28th. National Securities reaffirmed a “buy” rating and set a $17.00 price objective on shares of Monroe Capital Corporation in a research report on Thursday, March 9th. Finally, FBR & Co reaffirmed a “buy” rating and set a $17.00 price objective on shares of Monroe Capital Corporation in a research report on Friday, March 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. Monroe Capital Corporation presently has an average rating of “Buy” and an average price target of $17.08.
In related news, Chairman Theodore L. Koenig acquired 16,697 shares of the stock in a transaction dated Tuesday, June 13th. The stock was acquired at an average cost of $14.95 per share, with a total value of $249,620.15. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.90% of the stock is owned by company insiders.
Monroe Capital Corporation 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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