Atlantic Trust Group LLC Purchases New Stake in Monroe Capital Corp (MRCC)
Atlantic Trust Group LLC purchased a new stake in Monroe Capital Corp (NASDAQ:MRCC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 143,652 shares of the financial services provider’s stock, valued at approximately $2,056,000. Atlantic Trust Group LLC owned 0.71% of Monroe Capital at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. MML Investors Services LLC grew its position in Monroe Capital by 0.4% in the 2nd quarter. MML Investors Services LLC now owns 19,749 shares of the financial services provider’s stock valued at $301,000 after purchasing an additional 70 shares during the period. Royal Bank of Canada boosted its holdings in Monroe Capital by 1.6% during the 2nd quarter. Royal Bank of Canada now owns 19,480 shares of the financial services provider’s stock worth $297,000 after acquiring an additional 314 shares during the last quarter. Stephens Inc. AR boosted its holdings in Monroe Capital by 4.3% during the 2nd quarter. Stephens Inc. AR now owns 71,589 shares of the financial services provider’s stock worth $1,090,000 after acquiring an additional 2,926 shares during the last quarter. Advantage Investment Management LLC boosted its holdings in Monroe Capital by 4.8% during the 3rd quarter. Advantage Investment Management LLC now owns 79,240 shares of the financial services provider’s stock worth $1,134,000 after acquiring an additional 3,640 shares during the last quarter. Finally, Advisor Group Inc. boosted its holdings in Monroe Capital by 5.7% during the 2nd quarter. Advisor Group Inc. now owns 68,168 shares of the financial services provider’s stock worth $1,038,000 after acquiring an additional 3,700 shares during the last quarter. 29.29% of the stock is owned by institutional investors and hedge funds.
A number of research firms have issued reports on MRCC. Zacks Investment Research raised shares of Monroe Capital from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. TheStreet raised shares of Monroe Capital from a “c+” rating to a “b” rating in a report on Monday, November 27th. Finally, National Securities reaffirmed a “buy” rating and set a $17.00 price objective on shares of Monroe Capital in a report on Monday, November 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. Monroe Capital presently has a consensus rating of “Hold” and a consensus target price of $16.50.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 10.18%. The ex-dividend date was Thursday, December 14th. Monroe Capital’s payout ratio is 144.33%.
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About Monroe Capital
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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