Oppenheimer & Co. Inc. Sells 10,363 Shares of Monroe Capital Co. (NASDAQ:MRCC)

Oppenheimer & Co. Inc. reduced its position in Monroe Capital Co. (NASDAQ:MRCCFree Report) by 23.1% during the third quarter, HoldingsChannel.com reports. The firm owned 34,572 shares of the financial services provider’s stock after selling 10,363 shares during the period. Oppenheimer & Co. Inc.’s holdings in Monroe Capital were worth $258,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MRCC. Atria Wealth Solutions Inc. grew its stake in Monroe Capital by 3.2% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 39,352 shares of the financial services provider’s stock worth $322,000 after acquiring an additional 1,216 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in Monroe Capital by 1.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 132,928 shares of the financial services provider’s stock worth $1,087,000 after acquiring an additional 1,493 shares in the last quarter. HB Wealth Management LLC grew its stake in Monroe Capital by 3.1% in the 3rd quarter. HB Wealth Management LLC now owns 54,422 shares of the financial services provider’s stock worth $405,000 after acquiring an additional 1,611 shares in the last quarter. Cobblestone Capital Advisors LLC NY grew its stake in Monroe Capital by 14.7% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 15,295 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 1,960 shares in the last quarter. Finally, Cetera Advisor Networks LLC grew its stake in Monroe Capital by 7.7% in the 2nd quarter. Cetera Advisor Networks LLC now owns 30,333 shares of the financial services provider’s stock worth $248,000 after acquiring an additional 2,181 shares in the last quarter. 18.53% of the stock is currently owned by institutional investors.

Monroe Capital Price Performance

Shares of MRCC stock opened at $7.37 on Tuesday. The company has a debt-to-equity ratio of 1.58, a current ratio of 3.23 and a quick ratio of 3.23. The company has a market capitalization of $159.71 million, a P/E ratio of 46.07 and a beta of 1.07. The company’s 50-day simple moving average is $7.20 and its two-hundred day simple moving average is $7.33. Monroe Capital Co. has a one year low of $6.69 and a one year high of $8.85.

Monroe Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 13.57%. Monroe Capital’s dividend payout ratio is presently 625.04%.

Monroe Capital Company 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.

See Also

Want to see what other hedge funds are holding MRCC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monroe Capital Co. (NASDAQ:MRCCFree Report).

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

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