International Assets Investment Management LLC Trims Position in Monroe Capital Co. (NASDAQ:MRCC)

International Assets Investment Management LLC lessened its position in Monroe Capital Co. (NASDAQ:MRCC - Free Report) by 84.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,302 shares of the financial services provider's stock after selling 186,298 shares during the quarter. International Assets Investment Management LLC owned 0.16% of Monroe Capital worth $296,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of MRCC. Commonwealth Equity Services LLC grew its stake in shares of Monroe Capital by 2.8% during the second quarter. Commonwealth Equity Services LLC now owns 138,069 shares of the financial services provider's stock valued at $1,051,000 after buying an additional 3,749 shares during the last quarter. Magnolia Capital Advisors LLC bought a new stake in Monroe Capital in the second quarter valued at approximately $3,138,000. Private Advisor Group LLC bought a new position in shares of Monroe Capital in the third quarter worth approximately $104,000. Finally, Garden State Investment Advisory Services LLC purchased a new position in shares of Monroe Capital in the third quarter worth $210,000.

Analyst Ratings Changes

MRCC has been the topic of a number of analyst reports. StockNews.com upgraded shares of Monroe Capital from a "hold" rating to a "buy" rating in a research report on Thursday, December 19th. B. Riley lowered Monroe Capital from a "neutral" rating to a "sell" rating and set a $7.25 price objective on the stock. in a research report on Wednesday, December 11th.

Monroe Capital Stock Up 0.7 %

MRCC traded up $0.06 on Monday, hitting $8.21. The company had a trading volume of 3,885 shares, compared to its average volume of 47,898. Monroe Capital Co. has a 52-week low of $6.97 and a 52-week high of $8.80. The stock has a fifty day simple moving average of $8.34 and a 200-day simple moving average of $7.98. The company has a debt-to-equity ratio of 1.49, a current ratio of 4.37 and a quick ratio of 4.37. The firm has a market capitalization of $177.91 million, a P/E ratio of 13.68 and a beta of 1.03.

Monroe Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 12.18%. Monroe Capital's payout ratio is 166.67%.

Monroe Capital Company Profile

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.