Monroe Capital Corporation $MRCC Shares Sold by Connor Clark & Lunn Investment Management Ltd.

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. lessened its stake in Monroe Capital Corporation (NASDAQ:MRCC - Free Report) by 35.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 about 0.33% of Monroe Capital worth $562,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Sequoia Financial Advisors LLC purchased a new position in shares of Monroe Capital during the 1st quarter valued at approximately $211,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Monroe Capital during the 1st quarter valued at approximately $84,000. LaFleur & Godfrey LLC lifted its position in shares of Monroe Capital by 68.0% during the 1st quarter. LaFleur & Godfrey LLC now owns 108,910 shares of the financial services provider's stock valued at $849,000 after buying an additional 44,100 shares in the last quarter. HB Wealth Management LLC lifted its position in shares of Monroe Capital by 3.2% during the 1st quarter. HB Wealth Management LLC now owns 58,414 shares of the financial services provider's stock valued at $456,000 after buying an additional 1,814 shares in the last quarter. Finally, Ritholtz Wealth Management lifted its position in shares of Monroe Capital by 8.5% during the 1st quarter. Ritholtz Wealth Management now owns 40,022 shares of the financial services provider's stock valued at $312,000 after buying an additional 3,140 shares in the last quarter.

Monroe Capital Price Performance

Shares of NASDAQ:MRCC traded up $0.11 during midday trading on Friday, reaching $7.27. 55,746 shares of the company's stock traded hands, compared to its average volume of 145,441. Monroe Capital Corporation has a 1 year low of $5.96 and a 1 year high of $8.85. The company has a market cap of $157.54 million, a P/E ratio of 80.78 and a beta of 0.92. The company has a debt-to-equity ratio of 1.16, a quick ratio of 4.02 and a current ratio of 4.02. The company has a fifty day simple moving average of $6.47 and a two-hundred day simple moving average of $7.06.

Monroe Capital (NASDAQ:MRCC - Get Free Report) last announced its earnings results 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). Monroe Capital had a net margin of 3.74% and a return on equity of 10.70%. The business had revenue of $9.87 million for the quarter, compared to analysts' expectations of $12.38 million. Equities analysts predict that Monroe Capital Corporation will post 1.14 EPS for the current fiscal year.

Monroe Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were issued a $0.25 dividend. The ex-dividend date was Monday, June 16th. This represents a $1.00 dividend on an annualized basis and a yield of 13.8%. Monroe Capital's dividend payout ratio (DPR) is presently 1,111.11%.

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.