Monroe Capital Corporation (NASDAQ:MRCC) Shares Purchased by LaFleur & Godfrey LLC

LaFleur & Godfrey LLC increased its holdings in shares of Monroe Capital Corporation (NASDAQ:MRCC) by 68.0% during the first quarter, HoldingsChannel.com reports. The fund owned 108,910 shares of the financial services provider’s stock after buying an additional 44,100 shares during the period. LaFleur & Godfrey LLC’s holdings in Monroe Capital were worth $849,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC acquired a new position in Monroe Capital during the first quarter worth about $84,000. CIBC Private Wealth Group LLC boosted its position in 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. Envestnet Asset Management Inc. boosted 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 during the last quarter. Garden State Investment Advisory Services LLC boosted its position in Monroe Capital by 39.5% during the fourth quarter. Garden State Investment Advisory Services LLC now owns 36,276 shares of the financial services provider’s stock worth $308,000 after acquiring an additional 10,270 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its position in Monroe Capital by 84.4% during the fourth quarter. Oppenheimer & Co. Inc. now owns 36,474 shares of the financial services provider’s stock worth $310,000 after acquiring an additional 16,699 shares during the last quarter.

Monroe Capital Stock Performance

NASDAQ:MRCC opened at $6.26 on Tuesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 5.42 and a quick ratio of 5.42. The firm has a market capitalization of $135.65 million, a price-to-earnings ratio of 18.97 and a beta of 0.88. The company’s 50-day moving average is $6.65 and its two-hundred day moving average is $7.64. Monroe Capital Corporation has a 1-year low of $6.11 and a 1-year high of $8.85.

Monroe Capital (NASDAQ:MRCC) last posted its earnings results on Wednesday, May 7th. The financial services provider reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.08). The firm had revenue of $11.64 million during the quarter, compared to analyst estimates of $13.81 million. Monroe Capital had a net margin of 12.36% and a return on equity of 12.20%. Analysts forecast that Monroe Capital Corporation will post 1.14 EPS for the current year.

Monroe Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a $0.25 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.00 annualized dividend and a dividend yield of 15.97%. Monroe Capital’s dividend payout ratio is currently 303.03%.

Analyst Upgrades and Downgrades

MRCC has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Monroe Capital from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Oppenheimer decreased their target price on shares of Monroe Capital from $9.00 to $8.00 and set a “market perform” rating on the stock in a 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.