Wilbanks Smith & Thomas Asset Management LLC continued to hold its position in shares of Monroe Capital Corp (NASDAQ:MRCC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,223 shares of the financial services provider’s stock at the close of the second quarter. Wilbanks Smith & Thomas Asset Management LLC owned 0.07% of Monroe Capital Corp worth $201,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of MRCC. Wells Fargo & Company MN raised its stake in Monroe Capital Corp by 41.7% in the 1st quarter. Wells Fargo & Company MN now owns 17,000 shares of the financial services provider’s stock valued at $267,000 after purchasing an additional 4,999 shares during the last quarter. Mackenzie Financial Corp acquired a new position in Monroe Capital Corp in the 1st quarter valued at $331,000. Cambridge Investment Research Advisors Inc. raised its stake in Monroe Capital Corp by 25.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,583 shares of the financial services provider’s stock valued at $261,000 after purchasing an additional 3,405 shares during the last quarter. UBS Group AG raised its stake in Monroe Capital Corp by 22.0% in the 1st quarter. UBS Group AG now owns 416,955 shares of the financial services provider’s stock valued at $6,558,000 after purchasing an additional 75,249 shares during the last quarter. Finally, KCG Holdings Inc. acquired a new position in Monroe Capital Corp in the 1st quarter valued at $158,000. 28.93% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently commented on MRCC. BidaskClub raised Monroe Capital Corp from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Zacks Investment Research raised Monroe Capital Corp from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Ladenburg Thalmann Financial Services raised Monroe Capital Corp from a “neutral” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Thursday, August 10th. National Securities reissued a “buy” rating and issued a $17.00 price objective on shares of Monroe Capital Corp in a research note on Monday, August 14th. Finally, TheStreet downgraded Monroe Capital Corp from a “b” rating to a “c+” rating in a research note on Friday, August 25th. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Monroe Capital Corp has a consensus rating of “Hold” and a consensus price target of $16.50.
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Shares of Monroe Capital Corp (NASDAQ MRCC) traded down 0.4327% during mid-day trading on Friday, hitting $14.1983. The company’s stock had a trading volume of 17,147 shares. Monroe Capital Corp has a 12-month low of $13.32 and a 12-month high of $16.20. The stock has a 50-day moving average of $13.92 and a 200-day moving average of $14.92.
Monroe Capital Corp (NASDAQ:MRCC) last released its quarterly earnings results on Tuesday, August 8th. The financial services provider reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.01). Monroe Capital Corp had a return on equity of 1.57% and a net margin of 8.35%. The company had revenue of $12.27 million during the quarter, compared to analyst estimates of $12.40 million. On average, analysts predict that Monroe Capital Corp will post $1.40 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were issued a $0.35 dividend. The ex-dividend date was Thursday, September 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 9.82%. Monroe Capital Corp’s dividend payout ratio (DPR) is 157.31%.
In related news, Chairman Theodore L. Koenig purchased 21,800 shares of the business’s stock in a transaction dated Thursday, September 7th. The stock was bought at an average cost of $13.61 per share, with a total value of $296,698.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.80% of the company’s stock.
Monroe Capital Corp Profile
Monroe Capital Corporation is a closed-end, non-diversified management investment company. The Company is a specialty finance company focused on providing financing primarily to lower middle-market companies in the United States and Canada. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation primarily through investments in senior, unitranche and junior secured debt, and unsecured subordinated debt and equity.
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