Monroe Capital Corporation (MRCC) Shares Bought by Geneva Advisors LLC
Geneva Advisors LLC raised its stake in shares of Monroe Capital Corporation (NASDAQ:MRCC) by 16.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 131,687 shares of the financial services provider’s stock after buying an additional 18,200 shares during the period. Geneva Advisors LLC’s holdings in Monroe Capital Corporation were worth $2,006,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of MRCC. Liberty Capital Management Inc. acquired a new position in shares of Monroe Capital Corporation during the second quarter valued at about $103,000. KCG Holdings Inc. acquired a new position in shares of Monroe Capital Corporation during the first quarter valued at about $158,000. Wilbanks Smith & Thomas Asset Management LLC acquired a new position in shares of Monroe Capital Corporation during the first quarter valued at about $208,000. Marshall Wace North America L.P. acquired a new position in shares of Monroe Capital Corporation during the second quarter valued at about $225,000. Finally, Sigma Planning Corp acquired a new position in shares of Monroe Capital Corporation during the first quarter valued at about $231,000. Institutional investors and hedge funds own 26.70% of the company’s stock.
Shares of Monroe Capital Corporation (MRCC) opened at 13.90 on Friday. The stock’s 50 day moving average price is $14.58 and its 200-day moving average price is $15.33. Monroe Capital Corporation has a 52 week low of $13.46 and a 52 week high of $16.37.
Monroe Capital Corporation (NASDAQ:MRCC) last issued its earnings results on Tuesday, August 8th. The financial services provider reported $0.35 EPS for the quarter, missing the consensus estimate of $0.36 by $0.01. Monroe Capital Corporation had a net margin of 31.60% and a return on equity of 9.39%. The business had revenue of $12.27 million for the quarter, compared to analysts’ expectations of $12.40 million. Analysts expect that Monroe Capital Corporation will post $1.40 earnings per share for the current year.
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MRCC has been the subject of a number of recent research reports. Zacks Investment Research downgraded Monroe Capital Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, May 10th. National Securities reaffirmed a “buy” rating and set a $17.00 price target on shares of Monroe Capital Corporation in a research report on Monday, May 15th. BidaskClub raised Monroe Capital Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Ladenburg Thalmann Financial Services raised Monroe Capital Corporation from a “neutral” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $16.50.
In other Monroe Capital Corporation news, Director Jeffrey D. Steele bought 6,425 shares of the business’s stock in a transaction on Tuesday, June 20th. The shares were acquired at an average cost of $15.00 per share, for a total transaction of $96,375.00. Following the purchase, the director now owns 18,000 shares in the company, valued at approximately $270,000. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Theodore L. Koenig bought 16,697 shares of the business’s stock in a transaction on Tuesday, June 13th. The shares were acquired at an average price of $14.95 per share, for a total transaction of $249,620.15. The disclosure for this purchase can be found here. Company insiders own 1.90% of the company’s stock.
Monroe Capital Corporation Company Profile
Monroe Capital Corporation is a closed-end, non-diversified management investment company. The Company is a specialty finance company focused on providing financing primarily to lower middle-market companies in the United States and Canada. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation primarily through investments in senior, unitranche and junior secured debt, and unsecured subordinated debt and equity.
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