Cerity Partners LLC Has $373,000 Stock Position in Monroe Capital Co. (NASDAQ:MRCC)

Cerity Partners LLC lifted its holdings in shares of Monroe Capital Co. (NASDAQ:MRCC) by 10.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,852 shares of the financial services provider’s stock after purchasing an additional 5,185 shares during the quarter. Cerity Partners LLC owned approximately 0.24% of Monroe Capital worth $373,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Commonwealth Equity Services LLC increased its stake in shares of Monroe Capital by 1.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 134,631 shares of the financial services provider’s stock worth $1,003,000 after purchasing an additional 1,703 shares during the last quarter. Cobblestone Capital Advisors LLC NY increased its stake in shares of Monroe Capital by 14.7% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 15,295 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 1,960 shares during the last quarter. GYL Financial Synergies LLC increased its stake in shares of Monroe Capital by 34.2% during the 3rd quarter. GYL Financial Synergies LLC now owns 20,635 shares of the financial services provider’s stock worth $154,000 after purchasing an additional 5,254 shares during the last quarter. Atria Wealth Solutions Inc. boosted its holdings in shares of Monroe Capital by 25.1% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 49,243 shares of the financial services provider’s stock worth $367,000 after buying an additional 9,891 shares during the period. Finally, WINTON GROUP Ltd bought a new stake in shares of Monroe Capital during the 3rd quarter worth $87,000.

Analysts Set New Price Targets

MRCC has been the subject of several recent analyst reports. StockNews.com raised shares of Monroe Capital from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th. LADENBURG THALM/SH SH decreased their price objective on shares of Monroe Capital from $9.50 to $9.00 and set a “buy” rating for the company in a report on Wednesday, March 13th.

Monroe Capital Price Performance

NASDAQ MRCC opened at $7.32 on Friday. The company has a quick ratio of 2.83, a current ratio of 2.83 and a debt-to-equity ratio of 1.48. Monroe Capital Co. has a 1 year low of $6.69 and a 1 year high of $8.85. The company has a fifty day simple moving average of $7.21 and a 200 day simple moving average of $7.17.

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

Monroe Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 13.66%. The ex-dividend date was Thursday, March 14th. Monroe Capital’s dividend payout ratio (DPR) is currently 5,002.50%.

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.