Caprock Group LLC Invests $3.24 Million in Monroe Capital Corporation $MRCC

Caprock Group LLC purchased a new stake in shares of Monroe Capital Corporation (NASDAQ:MRCC) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 433,663 shares of the financial services provider’s stock, valued at approximately $3,239,000. Caprock Group LLC owned approximately 2.00% of Monroe Capital at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MRCC. HB Wealth Management LLC acquired a new stake in Monroe Capital during the 3rd quarter worth about $79,000. Mission Wealth Management LP acquired a new stake in shares of Monroe Capital during the third quarter worth approximately $87,000. Aspiriant LLC grew its position in Monroe Capital by 35.7% during the second quarter. Aspiriant LLC now owns 19,000 shares of the financial services provider’s stock valued at $121,000 after purchasing an additional 5,000 shares in the last quarter. O Dell Group LLC acquired a new position in Monroe Capital in the 3rd quarter valued at approximately $165,000. Finally, Osaic Holdings Inc. lifted its position in Monroe Capital by 35.3% in the 2nd quarter. Osaic Holdings Inc. now owns 26,250 shares of the financial services provider’s stock worth $167,000 after buying an additional 6,845 shares in the last quarter.

Monroe Capital Stock Down 2.7%

MRCC stock opened at $6.13 on Friday. The firm has a market cap of $132.84 million, a PE ratio of -32.26 and a beta of 0.75. Monroe Capital Corporation has a 1 year low of $5.86 and a 1 year high of $8.85. The company has a fifty day simple moving average of $6.45 and a 200 day simple moving average of $6.74. The company has a current ratio of 5.87, a quick ratio of 5.87 and a debt-to-equity ratio of 1.22.

Monroe Capital Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 11.7%. The ex-dividend date was Tuesday, December 23rd. Monroe Capital’s payout ratio is -378.95%.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Monroe Capital in a report on Thursday, January 22nd. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $8.00.

About Monroe Capital

Monroe Capital Corporation (NASDAQ: MRCC) is a publicly traded business development company that specializes in providing flexible debt financing solutions to middle-market companies across North America. The firm structures and underwrites a range of senior secured loans, unitranche financings, second-lien loans, mezzanine debt and equity co-investments. Monroe Capital’s offerings are designed to support corporate growth, acquisitions, recapitalizations and refinancings across diverse industries, including business services, healthcare, manufacturing and specialty finance.

Headquartered in Chicago, Illinois, Monroe Capital was founded in 2004 and has since built a national footprint by maintaining offices in key U.S.