Schechter Investment Advisors LLC Trims Stock Holdings in Monroe Capital Co. (NASDAQ:MRCC)

Schechter Investment Advisors LLC lessened its position in shares of Monroe Capital Co. (NASDAQ:MRCC - Free Report) by 49.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 82,412 shares of the financial services provider's stock after selling 82,171 shares during the quarter. Schechter Investment Advisors LLC owned 0.38% of Monroe Capital worth $701,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Private Advisor Group LLC bought a new position in shares of Monroe Capital in the third quarter worth about $104,000. Garden State Investment Advisory Services LLC bought a new position in shares of Monroe Capital in the third quarter worth about $210,000. Ritholtz Wealth Management boosted its stake in shares of Monroe Capital by 8.2% in the fourth quarter. Ritholtz Wealth Management now owns 36,882 shares of the financial services provider's stock worth $313,000 after acquiring an additional 2,803 shares during the period. HB Wealth Management LLC boosted its stake 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 acquiring an additional 1,650 shares during the period. Finally, LaFleur & Godfrey LLC boosted its stake in shares of Monroe Capital by 197.3% in the fourth quarter. LaFleur & Godfrey LLC now owns 64,810 shares of the financial services provider's stock worth $551,000 after acquiring an additional 43,010 shares during the period.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on MRCC shares. B. Riley lowered Monroe Capital from a "neutral" rating to a "sell" rating and set a $7.25 price objective for the company. in a research note on Wednesday, December 11th. StockNews.com lowered Monroe Capital from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. Finally, Oppenheimer dropped their price objective on Monroe Capital from $9.00 to $8.00 and set a "market perform" rating for the company in a research note on Tuesday.

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Monroe Capital Price Performance

Monroe Capital stock traded up $0.06 during midday trading on Friday, reaching $8.16. 33,971 shares of the stock traded hands, compared to its average volume of 54,306. The stock's fifty day moving average is $8.51 and its 200-day moving average is $8.26. Monroe Capital Co. has a 12 month low of $6.97 and a 12 month high of $8.85. The stock has a market cap of $176.79 million, a P/E ratio of 13.60 and a beta of 1.02. The company has a quick ratio of 4.37, a current ratio of 4.37 and a debt-to-equity ratio of 1.49.

Monroe Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 12.25%. The ex-dividend date of this dividend is Friday, March 14th. Monroe Capital's payout ratio is presently 222.22%.

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.