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.
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.
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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.
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