Mckinley Capital Management LLC Delaware trimmed its stake in Monroe Capital Corporation (NASDAQ:MRCC) by 1.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 82,193 shares of the financial services provider’s stock after selling 1,074 shares during the period. Mckinley Capital Management LLC Delaware owned 0.41% of Monroe Capital Corporation worth $1,252,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Muzinich & Co. Inc. raised its stake in shares of Monroe Capital Corporation by 18.7% in the 2nd quarter. Muzinich & Co. Inc. now owns 801,138 shares of the financial services provider’s stock valued at $12,201,000 after acquiring an additional 126,196 shares in the last quarter. Blair William & Co. IL raised its stake in shares of Monroe Capital Corporation by 0.5% in the 2nd quarter. Blair William & Co. IL now owns 794,108 shares of the financial services provider’s stock valued at $12,094,000 after acquiring an additional 4,136 shares in the last quarter. UBS Group AG raised its stake in shares of Monroe Capital Corporation by 22.0% in the 1st quarter. UBS Group AG now owns 416,955 shares of the financial services provider’s stock valued at $6,558,000 after acquiring an additional 75,249 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of Monroe Capital Corporation by 10.4% in the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 402,782 shares of the financial services provider’s stock valued at $6,134,000 after acquiring an additional 38,024 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of Monroe Capital Corporation by 0.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 184,334 shares of the financial services provider’s stock valued at $2,807,000 after acquiring an additional 1,521 shares in the last quarter. 28.93% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another website, it was copied illegally and reposted in violation of US and international trademark and copyright legislation. The original version of this piece of content can be read at https://www.thecerbatgem.com/2017/09/30/monroe-capital-corporation-mrcc-position-decreased-by-mckinley-capital-management-llc-delaware.html.

In other news, Chairman Theodore L. Koenig bought 21,800 shares of the stock in a transaction dated Thursday, September 7th. The shares were bought at an average price of $13.61 per share, for a total transaction of $296,698.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is currently owned by company insiders.

A number of research analysts recently weighed in on the company. Zacks Investment Research raised Monroe Capital Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Ladenburg Thalmann Financial Services raised Monroe Capital Corporation from a “neutral” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Thursday, August 10th. BidaskClub downgraded Monroe Capital Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. TheStreet lowered Monroe Capital Corporation from a “b” rating to a “c+” rating in a report on Friday, August 25th. Finally, National Securities reaffirmed a “buy” rating and issued a $17.00 target price on shares of Monroe Capital Corporation in a report on Monday, June 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $16.50.

Shares of Monroe Capital Corporation (NASDAQ MRCC) opened at 14.31 on Friday. The stock’s 50 day moving average price is $14.00 and its 200 day moving average price is $15.10. Monroe Capital Corporation has a one year low of $13.32 and a one year high of $16.20.

Monroe Capital Corporation (NASDAQ:MRCC) last announced its earnings results on Tuesday, August 8th. The financial services provider reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.01). The firm had revenue of $12.27 million for the quarter, compared to the consensus estimate of $12.40 million. Monroe Capital Corporation had a return on equity of 9.39% and a net margin of 31.60%. Equities research analysts anticipate that Monroe Capital Corporation will post $1.40 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were paid a dividend of $0.35 per share. The ex-dividend date was Thursday, September 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 9.78%. Monroe Capital Corporation’s dividend payout ratio (DPR) is currently 157.31%.

About Monroe Capital Corporation

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.

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

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