Koshinski Asset Management Inc. Takes $401,000 Position in Monroe Capital Co. (NASDAQ:MRCC)

Koshinski Asset Management Inc. bought a new position in Monroe Capital Co. (NASDAQ:MRCC) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 56,800 shares of the financial services provider’s stock, valued at approximately $401,000.

A number of other large investors have also bought and sold shares of the business. Cetera Investment Advisers boosted its stake in Monroe Capital by 18.6% in the first quarter. Cetera Investment Advisers now owns 105,388 shares of the financial services provider’s stock worth $1,137,000 after purchasing an additional 16,540 shares in the last quarter. Forum Financial Management LP bought a new position in shares of Monroe Capital in the first quarter valued at about $215,000. Advisors Asset Management Inc. lifted its position in Monroe Capital by 29.2% during the 1st quarter. Advisors Asset Management Inc. now owns 192,947 shares of the financial services provider’s stock worth $2,082,000 after buying an additional 43,550 shares in the last quarter. Citadel Advisors LLC grew its holdings in Monroe Capital by 139.7% during the 2nd quarter. Citadel Advisors LLC now owns 47,933 shares of the financial services provider’s stock worth $433,000 after acquiring an additional 27,938 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new stake in Monroe Capital in the 2nd quarter valued at about $112,000.

Monroe Capital Price Performance

Shares of NASDAQ:MRCC opened at $7.12 on Monday. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.83. Monroe Capital Co. has a 1-year low of $6.69 and a 1-year high of $8.85. The business has a 50-day moving average price of $7.23 and a two-hundred day moving average price of $7.17.

Monroe Capital (NASDAQ:MRCC) last issued its quarterly earnings results on Monday, March 11th. The financial services provider reported $0.26 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.02). Monroe Capital had a return on equity of 11.24% and a net margin of 0.58%. The business had revenue of $15.50 million for the quarter, compared to analyst estimates of $16.37 million. On average, equities research analysts expect that Monroe Capital Co. will post 1.02 earnings per share for the current year.

Monroe Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 14.04%. The ex-dividend date was Thursday, March 14th. Monroe Capital’s payout ratio is 5,002.50%.

Analysts Set New Price Targets

A number of equities analysts have 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 Wednesday, March 20th. LADENBURG THALM/SH SH decreased their price objective on Monroe Capital from $9.50 to $9.00 and set a “buy” rating on the stock in a research report on Wednesday, March 13th.

Monroe Capital Company Profile

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.