Connor Clark & Lunn Investment Management Ltd. Decreases Stock Holdings in Monroe Capital Corporation $MRCC

Key Points

• Connor Clark & Lunn Investment Management Ltd. reduced its stake in Monroe Capital Corporation by 35.9%, selling 40,327 shares and holding 72,029 shares by the end of the quarter.
• Monroe Capital recently reported $0.15 EPS, missing the consensus estimate of $0.21 and generating revenue of $9.87 million against expectations of $12.38 million.
• The company announced a quarterly dividend of $0.25, reflecting an annualized yield of 14.5%, with a **payout ratio** of **1,111.11%**.

Connor Clark & Lunn Investment Management Ltd. decreased its position in shares of Monroe Capital Corporation (NASDAQ:MRCC - Free Report) by 35.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 72,029 shares of the financial services provider's stock after selling 40,327 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.33% of Monroe Capital worth $562,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MRCC. Envestnet Asset Management Inc. raised its stake in Monroe Capital by 13.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 12,688 shares of the financial services provider's stock worth $108,000 after acquiring an additional 1,486 shares during the period. Cerity Partners LLC raised its stake in Monroe Capital by 4.0% during the 4th quarter. Cerity Partners LLC now owns 52,337 shares of the financial services provider's stock worth $445,000 after acquiring an additional 2,006 shares during the period. Raymond James Financial Inc. bought a new stake in Monroe Capital during the 4th quarter worth approximately $712,000. Marshall Wace LLP purchased a new position in Monroe Capital in the 4th quarter worth approximately $440,000. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Monroe Capital by 2.2% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 99,400 shares of the financial services provider's stock worth $845,000 after purchasing an additional 2,185 shares in the last quarter.

Monroe Capital Price Performance

NASDAQ MRCC traded up $0.0950 during trading hours on Friday, reaching $7.2550. The company's stock had a trading volume of 39,891 shares, compared to its average volume of 83,677. The firm's 50-day moving average price is $6.45 and its 200-day moving average price is $7.08. The company has a quick ratio of 4.02, a current ratio of 4.02 and a debt-to-equity ratio of 1.16. Monroe Capital Corporation has a 1 year low of $5.96 and a 1 year high of $8.85. The company has a market capitalization of $157.22 million, a price-to-earnings ratio of 80.61 and a beta of 0.92.

Monroe Capital (NASDAQ:MRCC - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The financial services provider reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.06). Monroe Capital had a return on equity of 10.70% and a net margin of 3.74%.The business had revenue of $9.87 million during the quarter, compared to analysts' expectations of $12.38 million. On average, equities research analysts predict that Monroe Capital Corporation will post 1.14 EPS for the current fiscal year.

Monroe Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.00 dividend on an annualized basis and a yield of 13.8%. Monroe Capital's payout ratio is currently 1,111.11%.

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.