Raymond James Financial Inc. Takes Position in Monroe Capital Co. (NASDAQ:MRCC)

Raymond James Financial Inc. acquired a new stake in shares of Monroe Capital Co. (NASDAQ:MRCC) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 83,796 shares of the financial services provider’s stock, valued at approximately $712,000. Raymond James Financial Inc. owned approximately 0.39% of Monroe Capital as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Blair William & Co. IL boosted its holdings in shares of Monroe Capital by 0.4% during the 4th quarter. Blair William & Co. IL now owns 428,187 shares of the financial services provider’s stock worth $3,640,000 after buying an additional 1,735 shares during the period. Magnolia Capital Advisors LLC grew its position in Monroe Capital by 1.9% during the 4th quarter. Magnolia Capital Advisors LLC now owns 102,555 shares of the financial services provider’s stock worth $872,000 after acquiring an additional 1,916 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in Monroe Capital by 2.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 67,060 shares of the financial services provider’s stock valued at $570,000 after acquiring an additional 1,512 shares in the last quarter. LaFleur & Godfrey LLC increased its stake in shares of Monroe Capital by 197.3% in the 4th quarter. LaFleur & Godfrey LLC now owns 64,810 shares of the financial services provider’s stock valued at $551,000 after buying an additional 43,010 shares during the period. Finally, HB Wealth Management LLC raised its holdings in Monroe Capital by 3.0% during the 4th quarter. HB Wealth Management LLC now owns 56,600 shares of the financial services provider’s stock worth $481,000 after purchasing an additional 1,650 shares during the last quarter.

Monroe Capital Stock Performance

NASDAQ MRCC opened at $7.00 on Wednesday. Monroe Capital Co. has a 52-week low of $6.44 and a 52-week high of $8.85. The stock has a market cap of $151.55 million, a PE ratio of 11.66 and a beta of 0.91. The firm has a 50-day moving average of $7.49 and a 200-day moving average of $8.07. The company has a debt-to-equity ratio of 1.49, a quick ratio of 4.37 and a current ratio of 4.37.

Monroe Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.25 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.00 annualized dividend and a yield of 14.30%. Monroe Capital’s dividend payout ratio (DPR) is presently 222.22%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. StockNews.com lowered shares of Monroe Capital from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Oppenheimer decreased their price target on Monroe Capital from $9.00 to $8.00 and set a “market perform” rating for the company in a research note on Tuesday, March 4th.

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.