Monroe Capital Co. (NASDAQ:MRCC) Holdings Decreased by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co reduced its stake in shares of Monroe Capital Co. (NASDAQ:MRCC) by 8.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,915 shares of the financial services provider’s stock after selling 1,531 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in Monroe Capital were worth $144,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Marshall Wace LLP bought a new stake in shares of Monroe Capital during the fourth quarter valued at about $440,000. Garden State Investment Advisory Services LLC raised its stake in shares of Monroe Capital by 39.5% during the fourth quarter. Garden State Investment Advisory Services LLC now owns 36,276 shares of the financial services provider’s stock valued at $308,000 after purchasing an additional 10,270 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Monroe Capital during the fourth quarter valued at about $712,000. Cerity Partners LLC raised its stake in shares of Monroe Capital by 4.0% during the fourth quarter. Cerity Partners LLC now owns 52,337 shares of the financial services provider’s stock valued at $445,000 after purchasing an additional 2,006 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Monroe Capital by 13.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 12,688 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 1,486 shares in the last quarter.

Monroe Capital Price Performance

Shares of Monroe Capital stock opened at $7.00 on Thursday. 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 company’s 50-day moving average price is $7.63 and its two-hundred day moving average price is $8.11. Monroe Capital Co. has a 52 week low of $6.44 and a 52 week high of $8.85. The stock has a market cap of $151.66 million, a PE ratio of 11.67 and a beta of 0.91.

Monroe Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 14.29%. The ex-dividend date of this dividend was Friday, March 14th. Monroe Capital’s dividend payout ratio (DPR) is presently 222.22%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. StockNews.com cut shares of Monroe Capital from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Oppenheimer dropped their price target on shares of Monroe Capital from $9.00 to $8.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 4th.

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.