Monroe Capital Corp (MRCC) Position Reduced by Stephens Inc. AR

Stephens Inc. AR lessened its holdings in Monroe Capital Corp (NASDAQ:MRCC) by 1.7% during the 1st quarter, Holdings Channel reports. The institutional investor owned 55,587 shares of the financial services provider’s stock after selling 987 shares during the quarter. Stephens Inc. AR’s holdings in Monroe Capital were worth $675,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Advisor Group Inc. increased its holdings in Monroe Capital by 4.3% in the fourth quarter. Advisor Group Inc. now owns 27,118 shares of the financial services provider’s stock valued at $259,000 after buying an additional 1,123 shares during the last quarter. Mckinley Capital Management LLC Delaware increased its holdings in Monroe Capital by 1.1% in the first quarter. Mckinley Capital Management LLC Delaware now owns 113,132 shares of the financial services provider’s stock valued at $1,373,000 after buying an additional 1,267 shares during the last quarter. CFO4Life Group LLC increased its holdings in Monroe Capital by 21.2% in the first quarter. CFO4Life Group LLC now owns 14,150 shares of the financial services provider’s stock valued at $172,000 after buying an additional 2,475 shares during the last quarter. Capital Investment Advisory Services LLC purchased a new position in Monroe Capital in the fourth quarter valued at $27,000. Finally, Quad Cities Investment Group LLC increased its holdings in Monroe Capital by 3,000.0% in the first quarter. Quad Cities Investment Group LLC now owns 3,100 shares of the financial services provider’s stock valued at $37,000 after buying an additional 3,000 shares during the last quarter. 24.86% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MRCC stock traded up $0.06 during mid-day trading on Tuesday, hitting $12.11. 7,066 shares of the stock were exchanged, compared to its average volume of 67,581. The firm has a market cap of $247.53 million, a price-to-earnings ratio of 7.71 and a beta of 1.14. Monroe Capital Corp has a 12-month low of $9.10 and a 12-month high of $14.65. The company has a debt-to-equity ratio of 1.39, a quick ratio of 3.73 and a current ratio of 3.73.

Monroe Capital (NASDAQ:MRCC) last issued its quarterly earnings data on Tuesday, May 7th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.03). The firm had revenue of $16.16 million for the quarter, compared to analysts’ expectations of $16.58 million. Monroe Capital had a return on equity of 11.59% and a net margin of 19.97%. As a group, research analysts predict that Monroe Capital Corp will post 1.44 EPS for the current year.

Several brokerages have issued reports on MRCC. ValuEngine raised Monroe Capital from a “sell” rating to a “hold” rating in a report on Monday, February 4th. BidaskClub lowered Monroe Capital from a “buy” rating to a “hold” rating in a report on Thursday, February 28th. National Securities reaffirmed a “neutral” rating and set a $13.00 price objective on shares of Monroe Capital in a report on Thursday, March 7th. Finally, Zacks Investment Research raised Monroe Capital from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Tuesday, March 12th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $13.13.

TRADEMARK VIOLATION NOTICE: This news story was first published by Baseball Daily News and is the property of of Baseball Daily News. If you are viewing this news story on another publication, it was illegally stolen and republished in violation of U.S. & international copyright law. The legal version of this news story can be read at https://www.baseballdailydigest.com/news/2019/05/21/monroe-capital-corp-mrcc-position-reduced-by-stephens-inc-ar.html.

Monroe Capital Company Profile

Monroe Capital Corporation is a business development company specializing in senior, unitranche and junior secured debt and to a lesser extent, unsecured debt and equity investments, and buyouts in middle-market companies. The fund prefers to invest in casinos and gaming, broadcasting, publishing, alcoholic beverage and tobacco distribution, oil and gas, insurance, pharmaceuticals and bio sciences, aerospace and defense, commercial printing, natural rubber, glass, container and packaging, metals and mining, and real estate.

Further Reading: How to trade on quiet period expirations

Want to see what other hedge funds are holding MRCC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monroe Capital Corp (NASDAQ:MRCC).

Institutional Ownership by Quarter for Monroe Capital (NASDAQ:MRCC)

Receive News & Ratings for Monroe Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monroe Capital and related companies with MarketBeat.com's FREE daily email newsletter.