Ritholtz Wealth Management Purchases 3,140 Shares of Monroe Capital Corporation (NASDAQ:MRCC)

Ritholtz Wealth Management increased its position in Monroe Capital Corporation (NASDAQ:MRCC) by 8.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,022 shares of the financial services provider’s stock after buying an additional 3,140 shares during the quarter. Ritholtz Wealth Management owned 0.18% of Monroe Capital worth $312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Blair William & Co. IL lifted its position in Monroe Capital by 0.4% in 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 last quarter. Two Sigma Advisers LP boosted its stake in shares of Monroe Capital by 13.7% during the fourth quarter. Two Sigma Advisers LP now owns 181,700 shares of the financial services provider’s stock valued at $1,544,000 after purchasing an additional 21,900 shares during the period. Two Sigma Investments LP boosted its stake in shares of Monroe Capital by 6.0% during the fourth quarter. Two Sigma Investments LP now owns 134,924 shares of the financial services provider’s stock valued at $1,147,000 after purchasing an additional 7,652 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Monroe Capital by 2.2% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 99,400 shares of the financial services provider’s stock valued at $845,000 after purchasing an additional 2,185 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Monroe Capital during the fourth quarter valued at approximately $712,000.

Monroe Capital Stock Performance

NASDAQ:MRCC opened at $6.31 on Friday. The firm has a market cap of $136.71 million, a PE ratio of 19.12 and a beta of 0.88. Monroe Capital Corporation has a fifty-two week low of $6.11 and a fifty-two week high of $8.85. The company has a debt-to-equity ratio of 1.44, a quick ratio of 5.42 and a current ratio of 5.42. The business has a 50 day moving average price of $6.66 and a 200-day moving average price of $7.67.

Monroe Capital (NASDAQ:MRCC) last announced its earnings results on Wednesday, May 7th. The financial services provider reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.08). The business had revenue of $11.64 million for the quarter, compared to the consensus estimate of $13.81 million. Monroe Capital had a net margin of 12.36% and a return on equity of 12.20%. Equities research analysts predict that Monroe Capital Corporation will post 1.14 earnings per share for the current year.

Monroe Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, June 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 15.85%. Monroe Capital’s dividend payout ratio is presently 303.03%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Wall Street Zen lowered Monroe Capital from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Oppenheimer dropped their price objective 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.

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.