International Assets Investment Management LLC Buys 140,593 Shares of Monroe Capital Co. (NASDAQ:MRCC)

International Assets Investment Management LLC increased its stake in Monroe Capital Co. (NASDAQ:MRCC) by 1,471.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 150,145 shares of the financial services provider’s stock after buying an additional 140,593 shares during the period. International Assets Investment Management LLC owned 0.69% of Monroe Capital worth $1,061,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. HB Wealth Management LLC increased its position in shares of Monroe Capital by 3.1% during the third quarter. HB Wealth Management LLC now owns 54,422 shares of the financial services provider’s stock worth $405,000 after acquiring an additional 1,611 shares during the period. Commonwealth Equity Services LLC grew its stake in Monroe Capital by 1.3% in the third quarter. Commonwealth Equity Services LLC now owns 134,631 shares of the financial services provider’s stock worth $1,003,000 after purchasing an additional 1,703 shares in the last quarter. Cobblestone Capital Advisors LLC NY increased its holdings in Monroe Capital by 14.7% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 15,295 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 1,960 shares during the period. GYL Financial Synergies LLC raised its position in Monroe Capital by 34.2% during the 3rd quarter. GYL Financial Synergies LLC now owns 20,635 shares of the financial services provider’s stock valued at $154,000 after purchasing an additional 5,254 shares in the last quarter. Finally, Atria Wealth Solutions Inc. lifted its holdings in shares of Monroe Capital by 25.1% in the 3rd quarter. Atria Wealth Solutions Inc. now owns 49,243 shares of the financial services provider’s stock worth $367,000 after buying an additional 9,891 shares during the period.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MRCC. StockNews.com upgraded Monroe Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, March 20th. LADENBURG THALM/SH SH cut their target price on shares of Monroe Capital from $9.50 to $9.00 and set a “buy” rating on the stock in a research report on Wednesday, March 13th.

Monroe Capital Stock Performance

Monroe Capital stock opened at $7.20 on Tuesday. Monroe Capital Co. has a twelve month low of $6.69 and a twelve month high of $8.85. The business has a fifty day moving average of $7.21 and a two-hundred day moving average of $7.16. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.83 and a current ratio of 2.83.

Monroe Capital (NASDAQ:MRCC) last issued its quarterly earnings data on Monday, March 11th. The financial services provider reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). The company had revenue of $15.50 million for the quarter, compared to the consensus estimate of $16.37 million. Monroe Capital had a net margin of 0.58% and a return on equity of 11.24%. On average, research analysts predict that Monroe Capital Co. will post 1.02 EPS for the current fiscal year.

Monroe Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 13.89%. The ex-dividend date was Thursday, March 14th. Monroe Capital’s dividend payout ratio (DPR) is 5,002.50%.

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.