Aspiriant LLC Grows Position in Monroe Capital Corporation $MRCC

Aspiriant LLC raised its holdings in shares of Monroe Capital Corporation (NASDAQ:MRCC) by 35.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,000 shares of the financial services provider’s stock after purchasing an additional 5,000 shares during the quarter. Aspiriant LLC’s holdings in Monroe Capital were worth $121,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. LaFleur & Godfrey LLC increased its position in shares of Monroe Capital by 68.0% during the first quarter. LaFleur & Godfrey LLC now owns 108,910 shares of the financial services provider’s stock valued at $849,000 after buying an additional 44,100 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Monroe Capital by 2.9% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 102,236 shares of the financial services provider’s stock valued at $797,000 after buying an additional 2,836 shares during the period. Sunbelt Securities Inc. increased its position in shares of Monroe Capital by 59.3% during the first quarter. Sunbelt Securities Inc. now owns 75,038 shares of the financial services provider’s stock valued at $585,000 after buying an additional 27,920 shares during the period. HB Wealth Management LLC increased its position in shares of Monroe Capital by 3.2% during the first quarter. HB Wealth Management LLC now owns 58,414 shares of the financial services provider’s stock valued at $456,000 after buying an additional 1,814 shares during the period. Finally, Chapin Davis Inc. increased its position in shares of Monroe Capital by 73.6% during the second quarter. Chapin Davis Inc. now owns 47,181 shares of the financial services provider’s stock valued at $300,000 after buying an additional 20,000 shares during the period.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Monroe Capital in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $7.63.

Monroe Capital Stock Down 3.1%

MRCC stock opened at $6.78 on Friday. The company has a current ratio of 4.02, a quick ratio of 4.02 and a debt-to-equity ratio of 1.16. The company’s 50 day moving average is $7.21 and its 200 day moving average is $6.79. The stock has a market cap of $146.92 million, a price-to-earnings ratio of 75.33 and a beta of 0.92. Monroe Capital Corporation has a 1-year low of $5.96 and a 1-year high of $8.85.

Monroe Capital (NASDAQ:MRCC) last posted its quarterly earnings data on Monday, August 11th. The financial services provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.06). The company had revenue of $9.87 million during the quarter, compared to the consensus estimate of $12.38 million. Monroe Capital had a return on equity of 10.70% and a net margin of 3.74%. Sell-side analysts predict that Monroe Capital Corporation will post 1.14 EPS for the current fiscal year.

Monroe Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 14.7%. The ex-dividend date was Monday, September 22nd. Monroe Capital’s dividend payout ratio is 1,111.11%.

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.