Cerity Partners LLC Has $434,000 Stock Holdings in Monroe Capital Co. (NASDAQ:MRCC)

Posted by Defense World Staff on Sep 7th, 2023

Cerity Partners LLC trimmed its stake in Monroe Capital Co. (NASDAQ:MRCC – Free Report) by 4.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 56,715 shares of the financial services provider’s stock after selling 2,917 shares during the quarter. Cerity Partners LLC owned about 0.26% of Monroe Capital worth $434,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Virtu Financial LLC acquired a new position in shares of Monroe Capital during the first quarter valued at about $85,000. Asset Management Corp IL ADV acquired a new position in shares of Monroe Capital during the first quarter valued at about $112,000. Captrust Financial Advisors acquired a new position in shares of Monroe Capital during the second quarter valued at about $112,000. Wells Fargo & Company MN grew its holdings in shares of Monroe Capital by 29.8% during the fourth quarter. Wells Fargo & Company MN now owns 14,982 shares of the financial services provider’s stock valued at $128,000 after buying an additional 3,441 shares during the last quarter. Finally, Baird Financial Group Inc. grew its holdings in shares of Monroe Capital by 20.7% during the fourth quarter. Baird Financial Group Inc. now owns 17,029 shares of the financial services provider’s stock valued at $145,000 after buying an additional 2,924 shares during the last quarter. 18.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. B. Riley reduced their price objective on shares of Monroe Capital from $8.25 to $8.00 and set a “neutral” rating for the company in a report on Friday, August 11th. StockNews.com initiated coverage on shares of Monroe Capital in a research report on Thursday, August 17th. They set a “hold” rating on the stock.

Get Our Latest Analysis on MRCC

Monroe Capital Stock Down 1.7 %

MRCC opened at $7.59 on Thursday. The company has a debt-to-equity ratio of 1.52, a current ratio of 3.26 and a quick ratio of 3.26. The company’s 50-day moving average is $8.07 and its 200 day moving average is $7.87. Monroe Capital Co. has a fifty-two week low of $6.80 and a fifty-two week high of $9.30. The firm has a market capitalization of $164.44 million, a P/E ratio of 54.21 and a beta of 1.17.

Monroe Capital (NASDAQ:MRCC – Get Free Report) last released its quarterly earnings results on Wednesday, August 9th. The financial services provider reported $0.28 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.28. Monroe Capital had a net margin of 4.29% and a return on equity of 11.05%. The company had revenue of $16.35 million for the quarter, compared to analyst estimates of $16.63 million. Research analysts expect that Monroe Capital Co. will post 1.12 earnings per share for the current fiscal year.

Monroe Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 13.18%. The ex-dividend date of this dividend is Thursday, September 14th. Monroe Capital’s dividend payout ratio is 714.29%.

Monroe Capital Company Profile

(Free Report)

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.