Strategic Financial Concepts LLC Buys New Shares in Monroe Capital Co. (NASDAQ:MRCC)

Strategic Financial Concepts LLC bought a new stake in Monroe Capital Co. (NASDAQ:MRCC) in the 4th quarter, Holdings Channel.com reports. The fund bought 17,000 shares of the financial services provider’s stock, valued at approximately $144,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Private Advisor Group LLC acquired a new stake in Monroe Capital during the third quarter worth about $104,000. Aspiriant LLC increased its stake in Monroe Capital by 18.2% during the fourth quarter. Aspiriant LLC now owns 13,000 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 2,000 shares during the last quarter. Garden State Investment Advisory Services LLC acquired a new stake in Monroe Capital during the third quarter worth about $210,000. Ritholtz Wealth Management increased its stake in Monroe Capital by 8.2% during the fourth quarter. Ritholtz Wealth Management now owns 36,882 shares of the financial services provider’s stock worth $313,000 after acquiring an additional 2,803 shares during the last quarter. Finally, HB Wealth Management LLC increased its stake in Monroe Capital by 3.0% during the fourth quarter. HB Wealth Management LLC now owns 56,600 shares of the financial services provider’s stock worth $481,000 after acquiring an additional 1,650 shares during the last quarter.

Wall Street Analysts Forecast Growth

MRCC has been the subject of several research analyst reports. B. Riley lowered Monroe Capital from a “neutral” rating to a “sell” rating and set a $7.25 price target for the company. in a research note on Wednesday, December 11th. StockNews.com upgraded Monroe Capital from a “hold” rating to a “buy” rating in a research note on Thursday, December 19th.

Monroe Capital Price Performance

Shares of NASDAQ MRCC opened at $8.72 on Friday. Monroe Capital Co. has a fifty-two week low of $6.97 and a fifty-two week high of $8.80. The business has a 50 day moving average price of $8.44 and a two-hundred day moving average price of $8.19. The company has a quick ratio of 4.37, a current ratio of 4.37 and a debt-to-equity ratio of 1.49. The firm has a market cap of $188.96 million, a PE ratio of 14.53 and a beta of 1.03.

Monroe Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 11.47%. Monroe Capital’s payout ratio is 166.67%.

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.