Monroe Capital Co. (NASDAQ:MRCC) Shares Sold by CIBC Private Wealth Group LLC

Posted by Defense World Staff on Jun 8th, 2023

CIBC Private Wealth Group LLC trimmed its holdings in shares of Monroe Capital Co. (NASDAQ:MRCC – Get Rating) by 41.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,685 shares of the financial services provider’s stock after selling 8,991 shares during the period. CIBC Private Wealth Group LLC owned approximately 0.06% of Monroe Capital worth $108,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Fiduciary Group LLC boosted its stake in Monroe Capital by 10.5% during the third quarter. Fiduciary Group LLC now owns 32,000 shares of the financial services provider’s stock valued at $261,000 after buying an additional 3,050 shares in the last quarter. Cliffwater LLC boosted its stake in Monroe Capital by 2.4% during the fourth quarter. Cliffwater LLC now owns 351,966 shares of the financial services provider’s stock valued at $3,006,000 after buying an additional 8,398 shares in the last quarter. GPS Wealth Strategies Group LLC boosted its stake in Monroe Capital by 37.3% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 10,227 shares of the financial services provider’s stock valued at $87,000 after buying an additional 2,777 shares in the last quarter. HighTower Advisors LLC boosted its stake in Monroe Capital by 225.1% during the fourth quarter. HighTower Advisors LLC now owns 46,011 shares of the financial services provider’s stock valued at $395,000 after buying an additional 31,856 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Monroe Capital by 18.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 250,595 shares of the financial services provider’s stock valued at $2,140,000 after buying an additional 38,806 shares in the last quarter. 18.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Monroe Capital in a research note on Thursday, May 18th. They set a “hold” rating for the company.

Monroe Capital Stock Performance

NASDAQ:MRCC opened at $7.73 on Thursday. Monroe Capital Co. has a 1-year low of $6.80 and a 1-year high of $10.36. The firm has a market capitalization of $167.51 million, a price-to-earnings ratio of 7.03 and a beta of 1.11. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 1.47. The stock has a fifty day simple moving average of $7.58 and a 200 day simple moving average of $8.07.

Monroe Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, June 14th. This represents a $1.00 dividend on an annualized basis and a yield of 12.94%.

About Monroe Capital

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Monroe Capital Corp. is an externally managed, closed-end, non-diversified management investment company, which engages in the provision of financial solutions. Its investment objective is to maximize the total return to our stockholders in the form of current income and capital appreciation. The company was founded on February 9, 2011 and is headquartered in Chicago, IL.