Monroe Capital Co. (NASDAQ:MRCC) Shares Purchased by LaFleur & Godfrey LLC

LaFleur & Godfrey LLC grew its holdings in shares of Monroe Capital Co. (NASDAQ:MRCC) by 197.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 64,810 shares of the financial services provider’s stock after purchasing an additional 43,010 shares during the period. LaFleur & Godfrey LLC’s holdings in Monroe Capital were worth $551,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of MRCC. Magnolia Capital Advisors LLC bought a new stake in shares of Monroe Capital during the 2nd quarter valued at about $3,138,000. International Assets Investment Management LLC boosted its stake in Monroe Capital by 708.0% in the third quarter. International Assets Investment Management LLC now owns 220,600 shares of the financial services provider’s stock valued at $1,782,000 after acquiring an additional 193,298 shares during the period. Garden State Investment Advisory Services LLC bought a new position in shares of Monroe Capital during the third quarter valued at approximately $210,000. Private Advisor Group LLC bought a new position in shares of Monroe Capital during the third quarter valued at approximately $104,000. Finally, Ritholtz Wealth Management raised its position in shares of Monroe Capital by 8.2% during the 4th quarter. Ritholtz Wealth Management now owns 36,882 shares of the financial services provider’s stock worth $313,000 after purchasing an additional 2,803 shares during the period.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. B. Riley lowered Monroe Capital from a “neutral” rating to a “sell” rating and set a $7.25 price objective for the company. in a research report on Wednesday, December 11th. StockNews.com raised shares of Monroe Capital from a “hold” rating to a “buy” rating in a report on Thursday, December 19th.

Monroe Capital Stock Performance

Shares of NASDAQ:MRCC opened at $8.47 on Monday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 4.37 and a current ratio of 4.37. The firm’s 50 day moving average is $8.38 and its two-hundred day moving average is $8.01. Monroe Capital Co. has a 52 week low of $6.97 and a 52 week high of $8.80.

Monroe Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 11.81%. The ex-dividend date was Monday, December 16th. Monroe Capital’s payout ratio is currently 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.