56,800 Shares in Monroe Capital Co. (NASDAQ:MRCC) Acquired by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. bought a new stake in shares of Monroe Capital Co. (NASDAQ:MRCCFree Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 56,800 shares of the financial services provider’s stock, valued at approximately $401,000. Koshinski Asset Management Inc. owned approximately 0.26% of Monroe Capital at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Osaic Holdings Inc. increased its holdings in shares of Monroe Capital by 0.3% during the second quarter. Osaic Holdings Inc. now owns 881,583 shares of the financial services provider’s stock valued at $7,211,000 after purchasing an additional 2,600 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Monroe Capital by 8.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 211,789 shares of the financial services provider’s stock worth $1,533,000 after buying an additional 16,323 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Monroe Capital by 5.6% during the 1st quarter. Cetera Investment Advisers now owns 197,734 shares of the financial services provider’s stock worth $1,513,000 after buying an additional 10,456 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Monroe Capital by 29.2% in the 1st quarter. Advisors Asset Management Inc. now owns 192,947 shares of the financial services provider’s stock worth $2,082,000 after acquiring an additional 43,550 shares during the period. Finally, BlackRock Inc. boosted its holdings in shares of Monroe Capital by 4.5% in the third quarter. BlackRock Inc. now owns 154,897 shares of the financial services provider’s stock valued at $1,121,000 after acquiring an additional 6,679 shares in the last quarter.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Research Report on MRCC

Monroe Capital Trading Down 1.4 %

NASDAQ:MRCC opened at $7.12 on Monday. The stock has a fifty day simple moving average of $7.23 and a 200 day simple moving average of $7.17. Monroe Capital Co. has a 1-year low of $6.69 and a 1-year high of $8.85. The company has a current ratio of 2.83, a quick ratio of 2.83 and a debt-to-equity ratio of 1.48.

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

Monroe Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 14.04%. The ex-dividend date of this dividend was Thursday, March 14th. Monroe Capital’s payout ratio is 5,002.50%.

Monroe Capital Profile

(Free Report)

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.

Further Reading

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

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