Raymond James Financial Inc. Buys Shares of 83,796 Monroe Capital Co. (NASDAQ:MRCC)

Raymond James Financial Inc. purchased a new stake in shares of Monroe Capital Co. (NASDAQ:MRCC - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 83,796 shares of the financial services provider's stock, valued at approximately $712,000. Raymond James Financial Inc. owned approximately 0.39% of Monroe Capital as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. HB Wealth Management LLC boosted its position in shares of Monroe Capital by 3.0% in the fourth quarter. HB Wealth Management LLC now owns 56,600 shares of the financial services provider's stock worth $481,000 after buying an additional 1,650 shares during the period. Magnolia Capital Advisors LLC boosted its stake in shares of Monroe Capital by 1.9% in the fourth quarter. Magnolia Capital Advisors LLC now owns 102,555 shares of the financial services provider's stock valued at $872,000 after purchasing an additional 1,916 shares during the period. Aspiriant LLC grew its holdings in Monroe Capital by 18.2% during the 4th quarter. Aspiriant LLC now owns 13,000 shares of the financial services provider's stock valued at $110,000 after purchasing an additional 2,000 shares in the last quarter. Ritholtz Wealth Management increased its stake in Monroe Capital by 8.2% during the 4th quarter. Ritholtz Wealth Management now owns 36,882 shares of the financial services provider's stock worth $313,000 after buying an additional 2,803 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its holdings in Monroe Capital by 84.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 36,474 shares of the financial services provider's stock worth $310,000 after buying an additional 16,699 shares in the last quarter.

Monroe Capital Stock Down 3.5 %

NASDAQ MRCC traded down $0.25 on Thursday, hitting $6.93. 43,441 shares of the stock traded hands, compared to its average volume of 62,567. The company has a market capitalization of $150.15 million, a P/E ratio of 11.55 and a beta of 0.91. The stock has a 50-day moving average of $8.05 and a 200 day moving average of $8.20. The company has a current ratio of 4.37, a quick ratio of 4.37 and a debt-to-equity ratio of 1.49. Monroe Capital Co. has a twelve month low of $6.55 and a twelve month high of $8.85.

Monroe Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 14.43%. Monroe Capital's payout ratio is currently 222.22%.

Analyst Ratings Changes

MRCC has been the topic of a number of analyst reports. B. Riley lowered Monroe Capital from a "neutral" rating to a "sell" rating and set a $7.25 target price on the stock. in a research report on Wednesday, December 11th. StockNews.com downgraded Monroe Capital from a "buy" rating to a "hold" rating in a report on Monday, March 3rd. Finally, Oppenheimer reduced their target price on Monroe Capital from $9.00 to $8.00 and set a "market perform" rating for the company in a research note on Tuesday, March 4th.

Monroe Capital 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.