Magnolia Capital Advisors LLC Grows Holdings in Monroe Capital Corporation $MRCC

Magnolia Capital Advisors LLC raised its position in Monroe Capital Corporation (NASDAQ:MRCC) by 6.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,135 shares of the financial services provider’s stock after purchasing an additional 8,253 shares during the period. Magnolia Capital Advisors LLC owned about 0.61% of Monroe Capital worth $834,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ascent Group LLC acquired a new position in shares of Monroe Capital during the 1st quarter valued at about $80,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Monroe Capital during the 1st quarter valued at about $84,000. Pandora Wealth Inc. acquired a new position in shares of Monroe Capital during the 1st quarter valued at about $113,000. Aspiriant LLC increased its stake in shares of Monroe Capital by 35.7% during the 2nd quarter. Aspiriant LLC now owns 19,000 shares of the financial services provider’s stock valued at $121,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Trexquant Investment LP acquired a new position in shares of Monroe Capital during the 1st quarter valued at about $186,000.

Monroe Capital Stock Up 0.3%

MRCC opened at $7.00 on Tuesday. The firm has a 50 day moving average price of $7.19 and a 200 day moving average price of $6.78. The company has a market cap of $151.66 million, a PE ratio of 77.78 and a beta of 0.92. Monroe Capital Corporation has a 1 year low of $5.96 and a 1 year high of $8.85. The company has a debt-to-equity ratio of 1.16, a quick ratio of 4.02 and a current ratio of 4.02.

Monroe Capital (NASDAQ:MRCC) last posted its quarterly earnings data on Monday, August 11th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). The firm had revenue of $9.87 million for the quarter, compared to analysts’ expectations of $12.38 million. Monroe Capital had a net margin of 3.74% and a return on equity of 10.70%. Sell-side analysts expect that Monroe Capital Corporation will post 1.14 earnings per share for the current year.

Monroe Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 14.3%. Monroe Capital’s dividend payout ratio (DPR) is presently 1,111.11%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Monroe Capital in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $7.63.

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.