HB Wealth Management LLC Grows Stock Holdings in Monroe Capital Co. (NASDAQ:MRCC)

HB Wealth Management LLC increased its stake in shares of Monroe Capital Co. (NASDAQ:MRCC) by 3.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,967 shares of the financial services provider’s stock after purchasing an additional 1,683 shares during the period. HB Wealth Management LLC’s holdings in Monroe Capital were worth $360,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Commonwealth Equity Services LLC grew its position in Monroe Capital by 1.0% during the first quarter. Commonwealth Equity Services LLC now owns 134,320 shares of the financial services provider’s stock valued at $967,000 after buying an additional 1,350 shares during the period. Fiduciary Group LLC boosted its position in shares of Monroe Capital by 6.1% in the fourth quarter. Fiduciary Group LLC now owns 43,500 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 2,500 shares during the period. Cerity Partners LLC boosted its position in shares of Monroe Capital by 10.9% in the fourth quarter. Cerity Partners LLC now owns 52,852 shares of the financial services provider’s stock worth $373,000 after purchasing an additional 5,185 shares during the period. Cape Investment Advisory Inc. bought a new position in shares of Monroe Capital in the fourth quarter worth approximately $40,000. Finally, Lindbrook Capital LLC boosted its position in shares of Monroe Capital by 80.0% in the first quarter. Lindbrook Capital LLC now owns 13,500 shares of the financial services provider’s stock worth $97,000 after purchasing an additional 6,000 shares during the period.

Monroe Capital Price Performance

MRCC traded down $0.05 during trading on Friday, reaching $7.37. 33,545 shares of the company’s stock were exchanged, compared to its average volume of 67,478. Monroe Capital Co. has a 1 year low of $6.69 and a 1 year high of $8.85. The company has a debt-to-equity ratio of 1.58, a quick ratio of 3.62 and a current ratio of 3.62. The company’s fifty day simple moving average is $7.46 and its 200-day simple moving average is $7.29.

Monroe Capital (NASDAQ:MRCC) last released its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Monroe Capital had a net margin of 0.33% and a return on equity of 10.98%. The company had revenue of $15.18 million during the quarter, compared to analyst estimates of $15.26 million. Analysts anticipate that Monroe Capital Co. will post 1.01 earnings per share for the current fiscal year.

Monroe Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 17th were issued a $0.25 dividend. The ex-dividend date was Monday, June 17th. This represents a $1.00 annualized dividend and a yield of 13.57%. Monroe Capital’s dividend payout ratio (DPR) is currently 10,010.01%.

Analysts Set New Price Targets

Several equities analysts have recently commented on MRCC shares. StockNews.com raised shares of Monroe Capital from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th. LADENBURG THALM/SH SH cut their price target on shares of Monroe Capital from $9.50 to $9.00 and set a “buy” rating on the stock in a report on Wednesday, March 13th.

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.