Garden State Investment Advisory Services LLC Grows Stock Holdings in Monroe Capital Co. (NASDAQ:MRCC)

Garden State Investment Advisory Services LLC boosted its holdings in Monroe Capital Co. (NASDAQ:MRCC) by 39.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 36,276 shares of the financial services provider’s stock after buying an additional 10,270 shares during the period. Garden State Investment Advisory Services LLC owned 0.17% of Monroe Capital worth $308,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in Monroe Capital during the 4th quarter valued at approximately $712,000. LaFleur & Godfrey LLC grew its holdings in Monroe Capital by 197.3% during the 4th quarter. LaFleur & Godfrey LLC now owns 64,810 shares of the financial services provider’s stock valued at $551,000 after buying an additional 43,010 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Monroe Capital during the fourth quarter valued at approximately $144,000. Oppenheimer & Co. Inc. lifted its holdings in shares of Monroe Capital by 84.4% in the fourth quarter. Oppenheimer & Co. Inc. now owns 36,474 shares of the financial services provider’s stock worth $310,000 after buying an additional 16,699 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its position in shares of Monroe Capital by 166.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 10,854 shares of the financial services provider’s stock worth $92,000 after acquiring an additional 6,773 shares during the last quarter.

Monroe Capital Price Performance

Monroe Capital stock opened at $7.05 on Thursday. Monroe Capital Co. has a 52-week low of $6.55 and a 52-week high of $8.85. The company has a quick ratio of 4.37, a current ratio of 4.37 and a debt-to-equity ratio of 1.49. The firm’s fifty day moving average is $7.93 and its 200 day moving average is $8.17. The company has a market cap of $152.75 million, a price-to-earnings ratio of 11.75 and a beta of 0.91.

Monroe Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 14.18%. The ex-dividend date was Friday, March 14th. Monroe Capital’s payout ratio is 222.22%.

Wall Street Analysts Forecast Growth

Several analysts have commented on MRCC shares. StockNews.com cut shares of Monroe Capital from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Oppenheimer decreased their target price on Monroe Capital from $9.00 to $8.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 4th.

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.