Cobblestone Capital Advisors LLC NY Sells 2,385 Shares of Monroe Capital Corporation $MRCC

Cobblestone Capital Advisors LLC NY lessened its holdings in shares of Monroe Capital Corporation (NASDAQ:MRCC) by 11.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,047 shares of the financial services provider’s stock after selling 2,385 shares during the quarter. Cobblestone Capital Advisors LLC NY owned 0.08% of Monroe Capital worth $115,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ascent Group LLC bought a new stake in shares of Monroe Capital during the first quarter worth about $80,000. Wealth Enhancement Advisory Services LLC bought a new stake in Monroe Capital during the first quarter worth $84,000. Pandora Wealth Inc. bought a new stake in shares of Monroe Capital in the 1st quarter worth $113,000. Aspiriant LLC grew its stake in shares of Monroe Capital by 35.7% in the 2nd quarter. Aspiriant LLC now owns 19,000 shares of the financial services provider’s stock worth $121,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Trexquant Investment LP bought a new stake in shares of Monroe Capital in the 1st quarter worth $186,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Monroe Capital in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Monroe Capital currently has an average rating of “Reduce” and an average target price of $7.63.

Monroe Capital Price Performance

Monroe Capital stock opened at $6.90 on Tuesday. The business has a fifty day moving average price of $7.21 and a 200-day moving average price of $6.79. The company has a debt-to-equity ratio of 1.16, a current ratio of 4.02 and a quick ratio of 4.02. Monroe Capital Corporation has a one year low of $5.96 and a one year high of $8.85. The firm has a market capitalization of $149.52 million, a P/E ratio of 76.67 and a beta of 0.92.

Monroe Capital (NASDAQ:MRCC) last released its quarterly earnings data on Monday, August 11th. The financial services provider reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). Monroe Capital had a net margin of 3.74% and a return on equity of 10.70%. The firm had revenue of $9.87 million during the quarter, compared to the consensus estimate of $12.38 million. As a group, equities research analysts forecast that Monroe Capital Corporation will post 1.14 EPS for the current year.

Monroe Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 14.5%. The ex-dividend date was Monday, September 22nd. Monroe Capital’s dividend payout ratio (DPR) is 1,111.11%.

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.