Commonwealth Equity Services LLC Has $1.05 Million Holdings in Monroe Capital Co. (NASDAQ:MRCC)

Commonwealth Equity Services LLC grew its position in shares of Monroe Capital Co. (NASDAQ:MRCC) by 2.8% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 138,069 shares of the financial services provider’s stock after acquiring an additional 3,749 shares during the period. Commonwealth Equity Services LLC’s holdings in Monroe Capital were worth $1,051,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Rothschild Investment LLC acquired a new position in shares of Monroe Capital during the 2nd quarter worth $76,000. HB Wealth Management LLC raised its holdings in Monroe Capital by 6.7% during the second quarter. HB Wealth Management LLC now owns 53,323 shares of the financial services provider’s stock valued at $406,000 after buying an additional 3,356 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Monroe Capital in the first quarter worth about $327,000. CANADA LIFE ASSURANCE Co boosted its stake in shares of Monroe Capital by 16.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 19,938 shares of the financial services provider’s stock worth $143,000 after acquiring an additional 2,861 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its stake in shares of Monroe Capital by 40.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 33,917 shares of the financial services provider’s stock worth $244,000 after acquiring an additional 9,802 shares in the last quarter.

Monroe Capital Stock Down 2.7 %

Shares of MRCC stock opened at $7.85 on Tuesday. The stock’s 50 day simple moving average is $7.67 and its 200 day simple moving average is $7.46. Monroe Capital Co. has a twelve month low of $6.69 and a twelve month high of $8.14. The company has a debt-to-equity ratio of 1.53, a quick ratio of 3.38 and a current ratio of 3.38. The company has a market capitalization of $170.11 million, a price-to-earnings ratio of 785.00 and a beta of 1.03.

Monroe Capital (NASDAQ:MRCC) last issued its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. Monroe Capital had a net margin of 12.59% and a return on equity of 11.47%. The business had revenue of $15.63 million during the quarter, compared to analysts’ expectations of $15.10 million. During the same period in the previous year, the company earned $0.28 earnings per share. As a group, research analysts predict that Monroe Capital Co. will post 1.12 EPS for the current year.

Monroe Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a $0.25 dividend. The ex-dividend date is Monday, September 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.74%. Monroe Capital’s payout ratio is presently 10,000.00%.

About Monroe Capital

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.