Monroe Capital Corporation $MRCC Shares Acquired by Magnolia Capital Advisors LLC

Magnolia Capital Advisors LLC boosted its stake in Monroe Capital Corporation (NASDAQ:MRCC) by 6.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 131,135 shares of the financial services provider’s stock after buying an additional 8,253 shares during the period. Magnolia Capital Advisors LLC’s holdings in Monroe Capital were worth $834,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Aspiriant LLC grew its position in Monroe Capital by 35.7% in the 2nd quarter. Aspiriant LLC now owns 19,000 shares of the financial services provider’s stock valued at $121,000 after buying an additional 5,000 shares in the last quarter. MAS Advisors LLC grew its position in Monroe Capital by 4.8% in the 2nd quarter. MAS Advisors LLC now owns 41,123 shares of the financial services provider’s stock valued at $262,000 after buying an additional 1,893 shares in the last quarter. Chapin Davis Inc. grew its position in Monroe Capital by 73.6% in the 2nd quarter. Chapin Davis Inc. now owns 47,181 shares of the financial services provider’s stock valued at $300,000 after buying an additional 20,000 shares in the last quarter. Ascent Group LLC bought a new position in Monroe Capital in the 1st quarter valued at about $80,000. Finally, Trexquant Investment LP acquired a new stake in Monroe Capital in the 1st quarter valued at about $186,000.

Analyst Ratings Changes

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

Monroe Capital Price Performance

MRCC stock opened at $7.00 on Tuesday. The company has a current ratio of 4.02, a quick ratio of 4.02 and a debt-to-equity ratio of 1.16. 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 $151.66 million, a PE ratio of 77.78 and a beta of 0.92. The firm has a 50-day moving average of $7.19 and a two-hundred day moving average of $6.78.

Monroe Capital (NASDAQ:MRCC) last issued its earnings results on Monday, August 11th. The financial services provider reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). The business had revenue of $9.87 million during the quarter, compared to analyst estimates of $12.38 million. Monroe Capital had a net margin of 3.74% and a return on equity of 10.70%. On average, analysts forecast that Monroe Capital Corporation will post 1.14 earnings per share for the current year.

Monroe Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were issued a $0.25 dividend. The ex-dividend date was Monday, September 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 14.3%. Monroe Capital’s dividend payout ratio is currently 1,111.11%.

Monroe Capital 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.