Kovitz Investment Group Partners LLC Sells 50,209 Shares of Monroe Capital Corporation $MRCC

Key Points

• Kovitz Investment Group Partners LLC reduced its holdings in Monroe Capital by 38.1%, selling 50,209 shares and retaining approximately 0.38% of the company valued at $636,000.
• Monroe Capital missed earnings expectations, reporting $0.15 earnings per share for the last quarter, below the consensus estimate of $0.21.
• The company declared a quarterly dividend of $0.25, leading to an annualized yield of 14.1% with a notably high dividend payout ratio of 1,111.11%.

Kovitz Investment Group Partners LLC cut its holdings in Monroe Capital Corporation (NASDAQ:MRCC - Free Report) by 38.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 81,584 shares of the financial services provider's stock after selling 50,209 shares during the period. Kovitz Investment Group Partners LLC owned about 0.38% of Monroe Capital worth $636,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Monroe Capital in the 1st quarter worth about $84,000. Envestnet Asset Management Inc. increased its holdings in shares of Monroe Capital by 13.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 12,688 shares of the financial services provider's stock worth $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 in the 1st quarter worth about $113,000. Sequoia Financial Advisors LLC bought a new stake in shares of Monroe Capital in the 1st quarter worth about $211,000. Finally, Focus Partners Wealth bought a new stake in shares of Monroe Capital in the 4th quarter worth about $322,000.

Monroe Capital Price Performance

Shares of Monroe Capital stock traded up $0.12 during trading hours on Tuesday, reaching $7.42. The company's stock had a trading volume of 99,993 shares, compared to its average volume of 131,486. The firm has a 50 day moving average price of $6.50 and a 200-day moving average price of $7.04. Monroe Capital Corporation has a one year low of $5.96 and a one year high of $8.85. The company has a debt-to-equity ratio of 1.16, a current ratio of 4.02 and a quick ratio of 4.02. The stock has a market cap of $160.79 million, a P/E ratio of 82.44 and a beta of 0.92.

Monroe Capital (NASDAQ:MRCC - Get Free Report) last posted its earnings results 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 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 the consensus estimate of $12.38 million. On average, analysts predict that Monroe Capital Corporation will post 1.14 EPS for the current year.

Monroe Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 13.5%. The ex-dividend date was Monday, June 16th. Monroe Capital's dividend payout ratio is presently 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.