Ethos Financial Group LLC Makes New $287,000 Investment in Monroe Capital Corporation $MRCC

Key Points

• Ethos Financial Group LLC has acquired a new stake in Monroe Capital Corporation, purchasing 36,802 shares valued at approximately $287,000, which amounts to about 0.17% of the company's stock.
• Monroe Capital's earnings for the last quarter reported a miss on estimates, with $0.15 earnings per share compared to the forecasted $0.21, and revenues also falling short at $9.87 million versus expected $12.38 million.
• The company announced a quarterly dividend of $0.25 per share, yielding 14.4%, while having a notably high dividend payout ratio of 1,111.11%.

Ethos Financial Group LLC bought a new stake in Monroe Capital Corporation (NASDAQ:MRCC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 36,802 shares of the financial services provider's stock, valued at approximately $287,000. Ethos Financial Group LLC owned approximately 0.17% of Monroe Capital as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of MRCC. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Monroe Capital in the 1st quarter valued at about $84,000. Envestnet Asset Management Inc. grew its position in shares of 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 valued at $108,000 after buying an additional 1,486 shares during the last quarter. Pandora Wealth Inc. bought a new stake in shares of Monroe Capital during the 1st quarter valued at about $113,000. Sequoia Financial Advisors LLC bought a new stake in shares of Monroe Capital during the 1st quarter valued at about $211,000. Finally, Ritholtz Wealth Management grew 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 during the last quarter.

Monroe Capital Stock Performance

Shares of NASDAQ:MRCC traded up $0.11 during trading on Friday, reaching $7.27. 55,746 shares of the company's stock traded hands, compared to its average volume of 145,441. The company has a debt-to-equity ratio of 1.16, a current ratio of 4.02 and a quick ratio of 4.02. Monroe Capital Corporation has a 12 month low of $5.96 and a 12 month high of $8.85. The company has a 50 day moving average of $6.47 and a 200-day moving average of $7.07. The stock has a market capitalization of $157.54 million, a P/E ratio of 80.78 and a beta of 0.92.

Monroe Capital (NASDAQ:MRCC - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The financial services provider reported $0.15 earnings per share 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 the consensus estimate of $12.38 million. On average, equities analysts expect that Monroe Capital Corporation will post 1.14 EPS for the current year.

Monroe Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were given a $0.25 dividend. The ex-dividend date was Monday, June 16th. This represents a $1.00 annualized dividend and a yield of 13.8%. Monroe Capital's dividend payout ratio is 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.