Muzinich & Co. Inc. boosted its stake in shares of Monroe Capital Corporation (NASDAQ:MRCC) by 4.5% during the second quarter, Holdings Channel reports. The institutional investor owned 167,588 shares of the company’s stock after buying an additional 7,250 shares during the period. Monroe Capital Corporation comprises approximately 1.1% of Muzinich & Co. Inc.’s investment portfolio, making the stock its 21st largest position. Muzinich & Co. Inc.’s holdings in Monroe Capital Corporation were worth $2,485,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in MRCC. Ladenburg Thalmann Financial Services Inc. boosted its position in Monroe Capital Corporation by 0.3% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 45,498 shares of the company’s stock worth $630,000 after buying an additional 147 shares during the last quarter. UBS Group AG boosted its position in Monroe Capital Corporation by 2.0% in the first quarter. UBS Group AG now owns 239,088 shares of the company’s stock worth $3,311,000 after buying an additional 4,641 shares during the last quarter. BlackRock Group LTD bought a new position in Monroe Capital Corporation during the first quarter worth approximately $834,000. Finally, Mckinley Capital Management LLC Delaware boosted its position in Monroe Capital Corporation by 25.1% in the first quarter. Mckinley Capital Management LLC Delaware now owns 57,141 shares of the company’s stock worth $791,000 after buying an additional 11,476 shares during the last quarter. 22.63% of the stock is currently owned by institutional investors and hedge funds.
Shares of Monroe Capital Corporation (NASDAQ:MRCC) traded up 1.50% on Thursday, reaching $15.58. 83,217 shares of the company’s stock traded hands. The firm’s 50 day moving average is $15.67 and its 200 day moving average is $14.70. Monroe Capital Corporation has a 52 week low of $10.02 and a 52 week high of $16.37.
Monroe Capital Corporation (NASDAQ:MRCC) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.03. Monroe Capital Corporation had a return on equity of 11.36% and a net margin of 52.85%. On average, equities research analysts predict that Monroe Capital Corporation will post $1.67 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 8.99%. The ex-dividend date of this dividend is Tuesday, September 13th. Monroe Capital Corporation’s dividend payout ratio (DPR) is 80.92%.
A number of research analysts have recently commented on the stock. FBR & Co restated a “buy” rating on shares of Monroe Capital Corporation in a report on Wednesday, July 20th. National Securities restated a “buy” rating and issued a $17.00 price target on shares of Monroe Capital Corporation in a report on Wednesday, August 10th. Zacks Investment Research cut shares of Monroe Capital Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. Wunderlich upped their price target on shares of Monroe Capital Corporation from $15.50 to $16.00 and gave the stock a “buy” rating in a report on Thursday, July 21st. Finally, Ladenburg Thalmann cut shares of Monroe Capital Corporation from a “buy” rating to a “neutral” rating in a report on Wednesday, August 10th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $16.75.
Monroe Capital Corporation Company Profile
Monroe Capital Corporation is a closed-end, non-diversified management investment company. The Company is a specialty finance company focused on providing financing primarily to lower middle-market companies in the United States. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation primarily through investments in senior, unitranche and junior secured debt, and unsecured subordinated debt and equity.
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