Cerity Partners LLC Sells 2,661 Shares of Monroe Capital Co. (NASDAQ:MRCC)

Cerity Partners LLC trimmed its holdings in shares of Monroe Capital Co. (NASDAQ:MRCCGet Rating) by 13.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 17,626 shares of the financial services provider’s stock after selling 2,661 shares during the period. Cerity Partners LLC owned approximately 0.08% of Monroe Capital worth $159,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MRCC. Aspiriant LLC bought a new position in shares of Monroe Capital during the 2nd quarter worth about $90,000. Tompkins Financial Corp bought a new position in shares of Monroe Capital during the 1st quarter worth about $94,000. O Dell Group LLC bought a new position in shares of Monroe Capital during the 1st quarter worth about $100,000. Wealthspire Advisors LLC bought a new position in shares of Monroe Capital during the 2nd quarter worth about $126,000. Finally, GYL Financial Synergies LLC acquired a new stake in shares of Monroe Capital during the 2nd quarter worth about $141,000. 18.83% of the stock is owned by institutional investors.

Monroe Capital Trading Down 1.6 %

MRCC opened at $8.89 on Wednesday. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $192.61 million, a PE ratio of -888.11 and a beta of 1.15. Monroe Capital Co. has a 1-year low of $7.20 and a 1-year high of $11.70. The firm has a 50-day moving average price of $7.83 and a two-hundred day moving average price of $8.77.

Monroe Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 11.25%. The ex-dividend date was Wednesday, September 14th. Monroe Capital’s payout ratio is presently -9,990.01%.

Wall Street Analyst Weigh In

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

Monroe Capital Profile

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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

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

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