Fiduciary Group LLC Acquires 2,000 Shares of Monroe Capital Co. (NASDAQ:MRCC)

Fiduciary Group LLC boosted its holdings in shares of Monroe Capital Co. (NASDAQ:MRCC) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,000 shares of the financial services provider’s stock after purchasing an additional 2,000 shares during the quarter. Fiduciary Group LLC owned about 0.17% of Monroe Capital worth $314,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Aspiriant LLC boosted its stake in Monroe Capital by 18.2% during the 4th quarter. Aspiriant LLC now owns 13,000 shares of the financial services provider’s stock valued at $110,000 after purchasing an additional 2,000 shares during the period. Strategic Financial Concepts LLC bought a new stake in shares of Monroe Capital in the 4th quarter worth approximately $144,000. Garden State Investment Advisory Services LLC bought a new stake in shares of Monroe Capital in the 3rd quarter worth approximately $210,000. Oppenheimer & Co. Inc. lifted its position in shares of Monroe Capital by 84.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 36,474 shares of the financial services provider’s stock worth $310,000 after acquiring an additional 16,699 shares during the period. Finally, Ritholtz Wealth Management lifted its position in shares of Monroe Capital by 8.2% in the 4th quarter. Ritholtz Wealth Management now owns 36,882 shares of the financial services provider’s stock worth $313,000 after acquiring an additional 2,803 shares during the period.

Monroe Capital Trading Up 0.4 %

Shares of MRCC opened at $7.84 on Friday. Monroe Capital Co. has a 1 year low of $7.00 and a 1 year high of $8.85. The company has a current ratio of 4.37, a quick ratio of 4.37 and a debt-to-equity ratio of 1.49. The stock has a 50 day simple moving average of $8.42 and a 200-day simple moving average of $8.27. The stock has a market cap of $169.86 million, a PE ratio of 13.07 and a beta of 1.02.

Monroe Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.25 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.76%. Monroe Capital’s payout ratio is presently 222.22%.

Wall Street Analyst Weigh In

A number of analysts have commented on MRCC shares. StockNews.com downgraded Monroe Capital from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Oppenheimer reduced their price objective on Monroe Capital from $9.00 to $8.00 and set a “market perform” rating for the company in a research report on Tuesday, March 4th. Finally, B. Riley downgraded Monroe Capital from a “neutral” rating to a “sell” rating and set a $7.25 price objective for the company. in a research report on Wednesday, December 11th.

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.