Monroe Capital Co. (NASDAQ:MRCC) Shares Sold by Cobblestone Capital Advisors LLC NY

Cobblestone Capital Advisors LLC NY trimmed its holdings in Monroe Capital Co. (NASDAQ:MRCC) by 7.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,574 shares of the financial services provider’s stock after selling 1,948 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Monroe Capital were worth $182,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Rothschild Investment LLC purchased a new position in shares of Monroe Capital during the 2nd quarter worth approximately $76,000. Private Advisor Group LLC acquired a new stake in Monroe Capital during the 3rd quarter valued at $104,000. CANADA LIFE ASSURANCE Co increased its position in Monroe Capital by 16.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 19,938 shares of the financial services provider’s stock worth $143,000 after buying an additional 2,861 shares in the last quarter. Ritholtz Wealth Management increased its position in Monroe Capital by 162.7% during the second quarter. Ritholtz Wealth Management now owns 40,394 shares of the financial services provider’s stock worth $307,000 after buying an additional 25,016 shares in the last quarter. Finally, HB Wealth Management LLC lifted its position in shares of Monroe Capital by 6.7% in the second quarter. HB Wealth Management LLC now owns 53,323 shares of the financial services provider’s stock valued at $406,000 after acquiring an additional 3,356 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Monroe Capital from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th.

Monroe Capital Stock Performance

Shares of NASDAQ MRCC opened at $8.52 on Monday. Monroe Capital Co. has a 1 year low of $6.77 and a 1 year high of $8.64. The firm’s 50 day moving average price is $8.15 and its 200 day moving average price is $7.81. The company has a debt-to-equity ratio of 1.49, a quick ratio of 4.37 and a current ratio of 4.37.

Monroe Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 11.74%. The ex-dividend date was Monday, September 16th. Monroe Capital’s dividend payout ratio (DPR) is 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.