Stifel Financial Corp Invests $143,000 in Monroe Capital Corp (MRCC) Stock

Stifel Financial Corp purchased a new stake in Monroe Capital Corp (NASDAQ:MRCC) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 10,023 shares of the financial services provider’s stock, valued at approximately $143,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of MRCC. Marshall Wace North America L.P. bought a new stake in Monroe Capital in the second quarter valued at $225,000. JPMorgan Chase & Co. bought a new stake in Monroe Capital in the second quarter valued at $114,000. Financial Counselors Inc. bought a new stake in Monroe Capital in the second quarter valued at $156,000. Stephens Inc. AR increased its stake in Monroe Capital by 4.3% in the second quarter. Stephens Inc. AR now owns 71,589 shares of the financial services provider’s stock valued at $1,090,000 after purchasing an additional 2,926 shares in the last quarter. Finally, Verity Asset Management Inc. bought a new stake in Monroe Capital in the second quarter valued at $329,000. 29.29% of the stock is owned by hedge funds and other institutional investors.

Shares of Monroe Capital Corp (NASDAQ MRCC) opened at $13.86 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.52. The company has a market cap of $280.53, a PE ratio of 14.14 and a beta of 0.56. Monroe Capital Corp has a 52-week low of $13.32 and a 52-week high of $16.20.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 10.10%. The ex-dividend date was Thursday, December 14th. Monroe Capital’s payout ratio is presently 142.86%.

Several research firms have weighed in on MRCC. Zacks Investment Research raised shares of Monroe Capital from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. TheStreet raised shares of Monroe Capital from a “c+” rating to a “b” rating in a research report on Monday, November 27th. Finally, National Securities reissued a “buy” rating and set a $17.00 target price on shares of Monroe Capital in a research report on Monday, November 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $16.50.

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Monroe Capital Company 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.

Institutional Ownership by Quarter for Monroe Capital (NASDAQ:MRCC)

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