Almitas Capital LLC Invests $765,000 in Monroe Capital Corporation $MRCC

Almitas Capital LLC acquired a new stake in Monroe Capital Corporation (NASDAQ:MRCC) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 108,905 shares of the financial services provider’s stock, valued at approximately $765,000. Almitas Capital LLC owned about 0.50% of Monroe Capital as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in MRCC. Caprock Group LLC purchased a new stake in Monroe Capital during the third quarter worth approximately $3,239,000. Absolute Investment Advisers LLC purchased a new position in Monroe Capital in the third quarter valued at approximately $508,000. D.A. Davidson & CO. purchased a new position in Monroe Capital in the third quarter valued at approximately $217,000. Yakira Capital Management Inc. acquired a new stake in Monroe Capital during the third quarter worth approximately $201,000. Finally, O Dell Group LLC acquired a new stake in Monroe Capital during the third quarter worth approximately $165,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Monroe Capital from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, March 4th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Monroe Capital Stock Down 4.7%

Monroe Capital stock opened at $4.62 on Friday. The company has a market capitalization of $100.12 million, a P/E ratio of -20.09 and a beta of 0.75. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.35 and a current ratio of 2.35. Monroe Capital Corporation has a fifty-two week low of $4.04 and a fifty-two week high of $7.99. The stock has a 50-day simple moving average of $6.06 and a 200-day simple moving average of $6.56.

Monroe Capital (NASDAQ:MRCC) last released its quarterly earnings results on Thursday, March 5th. The financial services provider reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. Monroe Capital had a positive return on equity of 6.59% and a negative net margin of 13.52%.The firm had revenue of $8.16 million for the quarter, compared to the consensus estimate of $7.90 million. Equities research analysts expect that Monroe Capital Corporation will post 1.14 earnings per share for the current year.

Monroe Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend is Monday, March 16th. Monroe Capital’s payout ratio is presently -313.04%.

Monroe Capital Profile

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.