Kovitz Investment Group Partners LLC Has $1.12 Million Stock Holdings in Monroe Capital Co. (NASDAQ:MRCC)

Kovitz Investment Group Partners LLC lowered its stake in Monroe Capital Co. (NASDAQ:MRCC) by 29.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 131,793 shares of the financial services provider’s stock after selling 55,605 shares during the quarter. Kovitz Investment Group Partners LLC owned approximately 0.61% of Monroe Capital worth $1,120,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. CIBC Private Wealth Group LLC raised its stake in shares of Monroe Capital by 166.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 10,854 shares of the financial services provider’s stock worth $92,000 after purchasing an additional 6,773 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Monroe Capital by 13.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 12,688 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 1,486 shares in the last quarter. Aspiriant LLC lifted its stake in Monroe Capital by 18.2% in the fourth quarter. Aspiriant LLC now owns 13,000 shares of the financial services provider’s stock valued at $110,000 after acquiring an additional 2,000 shares during the last quarter. Strategic Financial Concepts LLC bought a new position in shares of Monroe Capital in the 4th quarter valued at about $144,000. Finally, Garden State Investment Advisory Services LLC acquired a new position in shares of Monroe Capital during the 3rd quarter worth about $210,000.

Monroe Capital Price Performance

Shares of NASDAQ MRCC opened at $7.10 on Wednesday. The business’s 50 day moving average is $7.66 and its 200-day moving average is $8.12. The firm has a market cap of $153.83 million, a P/E ratio of 11.83 and a beta of 0.91. Monroe Capital Co. has a 1-year low of $6.44 and a 1-year high of $8.85. The company has a current ratio of 4.37, a quick ratio of 4.37 and a debt-to-equity ratio of 1.49.

Monroe Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 14.08%. Monroe Capital’s payout ratio is presently 222.22%.

Analyst Upgrades and Downgrades

MRCC has been the subject of a number of research analyst reports. Oppenheimer reduced their price target on Monroe Capital from $9.00 to $8.00 and set a “market perform” rating for the company in a report on Tuesday, March 4th. StockNews.com lowered Monroe Capital from a “buy” rating to a “hold” rating in a report on Monday, March 3rd.

Monroe Capital 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.