Advisors Asset Management Inc. Sells 26,807 Shares of Monroe Capital Co. (NASDAQ:MRCC)

Advisors Asset Management Inc. cut its stake in shares of Monroe Capital Co. (NASDAQ:MRCCGet Rating) by 13.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 166,140 shares of the financial services provider’s stock after selling 26,807 shares during the quarter. Advisors Asset Management Inc. owned 0.77% of Monroe Capital worth $1,500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Asset Management Corp IL ADV boosted its stake in shares of Monroe Capital by 9.5% in the 1st quarter. Asset Management Corp IL ADV now owns 13,026 shares of the financial services provider’s stock valued at $141,000 after purchasing an additional 1,134 shares in the last quarter. Chiron Capital Management LLC boosted its stake in shares of Monroe Capital by 18.3% in the 2nd quarter. Chiron Capital Management LLC now owns 15,805 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 2,445 shares in the last quarter. Fiduciary Group LLC boosted its stake in shares of Monroe Capital by 12.5% in the 1st quarter. Fiduciary Group LLC now owns 22,500 shares of the financial services provider’s stock valued at $226,000 after purchasing an additional 2,500 shares in the last quarter. Cliffwater LLC boosted its stake in shares of Monroe Capital by 1.7% in the 1st quarter. Cliffwater LLC now owns 327,316 shares of the financial services provider’s stock valued at $3,532,000 after purchasing an additional 5,387 shares in the last quarter. Finally, Tompkins Financial Corp purchased a new stake in shares of Monroe Capital in the 1st quarter valued at $94,000. 18.83% of the stock is currently owned by institutional investors.

Monroe Capital Trading Up 1.4 %

Shares of MRCC opened at $8.52 on Tuesday. The company has a quick ratio of 2.48, a current ratio of 2.81 and a debt-to-equity ratio of 1.32. Monroe Capital Co. has a twelve month low of $7.20 and a twelve month high of $11.85. The stock has a market capitalization of $184.59 million, a P/E ratio of -851.15 and a beta of 1.15. The firm has a fifty day simple moving average of $7.80 and a two-hundred day simple moving average of $8.82.

Monroe Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $1.00 annualized dividend and a yield of 11.74%. Monroe Capital’s dividend payout ratio (DPR) is presently -9,990.01%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. B. Riley started coverage on shares of Monroe Capital in a research note on Friday, September 16th. They issued a “neutral” rating and a $8.00 price objective for the company. Oppenheimer reissued a “market perform” rating on shares of Monroe Capital in a research report on Monday, August 8th. Finally, StockNews.com raised shares of Monroe Capital from a “sell” rating to a “hold” rating in a research report on Thursday, October 20th.

Monroe Capital Profile

(Get Rating)

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.

See Also

Want to see what other hedge funds are holding MRCC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monroe Capital Co. (NASDAQ:MRCCGet Rating).

Institutional Ownership by Quarter for Monroe Capital (NASDAQ:MRCC)

Receive News & Ratings for Monroe Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monroe Capital and related companies with MarketBeat.com's FREE daily email newsletter.