International Assets Investment Management LLC Sells 186,298 Shares of Monroe Capital Co. (NASDAQ:MRCC)

International Assets Investment Management LLC cut its holdings in shares of Monroe Capital Co. (NASDAQ:MRCC) by 84.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,302 shares of the financial services provider’s stock after selling 186,298 shares during the quarter. International Assets Investment Management LLC’s holdings in Monroe Capital were worth $296,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Private Advisor Group LLC purchased a new stake in shares of Monroe Capital during the 3rd quarter valued at $104,000. Magnolia Capital Advisors LLC purchased a new stake in Monroe Capital in the 2nd quarter worth about $3,138,000. Commonwealth Equity Services LLC increased its holdings in Monroe Capital by 2.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 138,069 shares of the financial services provider’s stock worth $1,051,000 after acquiring an additional 3,749 shares during the last quarter. Finally, Garden State Investment Advisory Services LLC purchased a new stake in Monroe Capital in the 3rd quarter worth about $210,000.

Monroe Capital Stock Down 3.6 %

Shares of NASDAQ MRCC opened at $8.15 on Monday. Monroe Capital Co. has a 52 week low of $6.97 and a 52 week high of $8.80. The business has a 50-day simple moving average of $8.34 and a two-hundred day simple moving average of $7.98. The company has a quick ratio of 4.37, a current ratio of 4.37 and a debt-to-equity ratio of 1.49. The company has a market cap of $176.61 million, a P/E ratio of 13.58 and a beta of 1.03.

Monroe Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were paid a $0.25 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.00 annualized dividend and a yield of 12.27%. Monroe Capital’s dividend payout ratio is currently 166.67%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on MRCC shares. StockNews.com raised Monroe Capital from a “hold” rating to a “buy” rating in a report on Thursday, December 19th. B. Riley lowered Monroe Capital from a “neutral” rating to a “sell” rating and set a $7.25 price objective for the company. in a report on Wednesday, December 11th.

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.