Monroe Capital Co. (NASDAQ:MRCC) Shares Sold by Lindbrook Capital LLC

Lindbrook Capital LLC lessened its stake in shares of Monroe Capital Co. (NASDAQ:MRCC) by 21.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,500 shares of the financial services provider’s stock after selling 2,000 shares during the quarter. Lindbrook Capital LLC’s holdings in Monroe Capital were worth $53,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. International Assets Investment Management LLC increased its stake in shares of Monroe Capital by 1,471.9% during the fourth quarter. International Assets Investment Management LLC now owns 150,145 shares of the financial services provider’s stock valued at $1,061,000 after acquiring an additional 140,593 shares during the period. Commonwealth Equity Services LLC boosted its holdings in Monroe Capital by 1.3% during the third quarter. Commonwealth Equity Services LLC now owns 134,631 shares of the financial services provider’s stock worth $1,003,000 after buying an additional 1,703 shares in the last quarter. National Bank of Canada FI boosted its holdings in Monroe Capital by 48.8% during the third quarter. National Bank of Canada FI now owns 94,903 shares of the financial services provider’s stock worth $692,000 after buying an additional 31,114 shares in the last quarter. Koshinski Asset Management Inc. bought a new stake in Monroe Capital during the fourth quarter worth approximately $401,000. Finally, Cerity Partners LLC boosted its holdings in Monroe Capital by 10.9% during the fourth quarter. Cerity Partners LLC now owns 52,852 shares of the financial services provider’s stock worth $373,000 after buying an additional 5,185 shares in the last quarter.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MRCC. LADENBURG THALM/SH SH reduced their target price on shares of Monroe Capital from $9.50 to $9.00 and set a “buy” rating for the company in a report on Wednesday, March 13th. StockNews.com upgraded shares of Monroe Capital from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th.

Monroe Capital Stock Performance

Monroe Capital stock opened at $7.30 on Friday. The company has a 50 day moving average price of $7.21 and a 200 day moving average price of $7.16. Monroe Capital Co. has a 52 week low of $6.69 and a 52 week high of $8.85. The company has a quick ratio of 2.83, a current ratio of 2.83 and a debt-to-equity ratio of 1.48.

Monroe Capital (NASDAQ:MRCC) last issued its earnings results on Monday, March 11th. The financial services provider reported $0.26 earnings per share (EPS) 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 analyst estimates of $16.37 million. Monroe Capital had a net margin of 0.58% and a return on equity of 11.24%. On average, equities analysts forecast that Monroe Capital Co. will post 1.02 earnings per share for the current year.

Monroe Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 13.70%. The ex-dividend date of this dividend was Thursday, March 14th. Monroe Capital’s dividend payout ratio (DPR) is currently 5,002.50%.

About Monroe Capital

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.