Envestnet Asset Management Inc. Acquires 13,660 Shares of Monroe Capital Corp (NASDAQ:MRCC)

Envestnet Asset Management Inc. raised its holdings in Monroe Capital Corp (NASDAQ:MRCC) by 41.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 46,933 shares of the financial services provider’s stock after acquiring an additional 13,660 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Monroe Capital were worth $542,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Stephens Inc. AR boosted its position in shares of Monroe Capital by 2.8% during the second quarter. Stephens Inc. AR now owns 57,138 shares of the financial services provider’s stock worth $659,000 after purchasing an additional 1,551 shares in the last quarter. Ashfield Capital Partners LLC boosted its position in shares of Monroe Capital by 5.9% during the second quarter. Ashfield Capital Partners LLC now owns 127,887 shares of the financial services provider’s stock worth $1,476,000 after purchasing an additional 7,151 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Monroe Capital by 1.8% during the second quarter. Commonwealth Equity Services LLC now owns 137,417 shares of the financial services provider’s stock worth $1,585,000 after purchasing an additional 2,488 shares in the last quarter. Quad Cities Investment Group LLC boosted its position in shares of Monroe Capital by 164.1% during the second quarter. Quad Cities Investment Group LLC now owns 8,187 shares of the financial services provider’s stock worth $95,000 after purchasing an additional 5,087 shares in the last quarter. Finally, Rothschild Investment Corp IL boosted its position in shares of Monroe Capital by 10.2% during the second quarter. Rothschild Investment Corp IL now owns 85,341 shares of the financial services provider’s stock worth $985,000 after purchasing an additional 7,891 shares in the last quarter. 22.38% of the stock is currently owned by institutional investors.

Shares of NASDAQ MRCC opened at $10.56 on Thursday. The company’s fifty day moving average is $10.62 and its 200-day moving average is $11.65. The stock has a market cap of $211.28 million, a price-to-earnings ratio of 6.73 and a beta of 1.16. Monroe Capital Corp has a twelve month low of $9.10 and a twelve month high of $14.05. The company has a quick ratio of 4.21, a current ratio of 4.21 and a debt-to-equity ratio of 1.58.

Monroe Capital (NASDAQ:MRCC) last announced its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $0.35 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.35. The company had revenue of $16.72 million for the quarter, compared to analysts’ expectations of $17.00 million. Monroe Capital had a net margin of 18.88% and a return on equity of 11.43%. On average, research analysts anticipate that Monroe Capital Corp will post 1.4 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 13.26%. Monroe Capital’s payout ratio is 89.17%.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Monroe Capital from a “sell” rating to a “hold” rating in a research report on Tuesday. B. Riley set a $12.00 price target on shares of Monroe Capital and gave the stock a “hold” rating in a research report on Tuesday, August 20th. Finally, ValuEngine cut shares of Monroe Capital from a “hold” rating to a “sell” rating in a research report on Monday, June 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $13.00.

Monroe Capital Profile

Monroe Capital Corporation is a business development company specializing in senior, unitranche and junior secured debt and to a lesser extent, unsecured debt and equity investments, and buyouts in middle-market companies. The fund prefers to invest in casinos and gaming, broadcasting, publishing, alcoholic beverage and tobacco distribution, oil and gas, insurance, pharmaceuticals and bio sciences, aerospace and defense, commercial printing, natural rubber, glass, container and packaging, metals and mining, and real estate.

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

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