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

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Two Sigma Advisers LP raised its holdings in shares of Monroe Capital by 13.7% during the fourth quarter. Two Sigma Advisers LP now owns 181,700 shares of the financial services provider's stock valued at $1,544,000 after acquiring an additional 21,900 shares in the last quarter. Two Sigma Investments LP raised its holdings in shares of Monroe Capital by 6.0% during the fourth quarter. Two Sigma Investments LP now owns 134,924 shares of the financial services provider's stock valued at $1,147,000 after acquiring an additional 7,652 shares in the last quarter. LaFleur & Godfrey LLC raised its holdings in shares of Monroe Capital by 68.0% during the first quarter. LaFleur & Godfrey LLC now owns 108,910 shares of the financial services provider's stock valued at $849,000 after acquiring an additional 44,100 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of Monroe Capital by 2.2% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 99,400 shares of the financial services provider's stock valued at $845,000 after acquiring an additional 2,185 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Monroe Capital during the fourth quarter valued at approximately $712,000.

Monroe Capital Price Performance

Shares of Monroe Capital stock opened at $7.07 on Thursday. The business has a 50 day moving average of $6.44 and a 200 day moving average of $7.09. The company has a quick ratio of 4.02, a current ratio of 4.02 and a debt-to-equity ratio of 1.16. The company has a market cap of $153.18 million, a PE ratio of 78.56 and a beta of 0.92. Monroe Capital Corporation has a 52 week low of $5.96 and a 52 week high of $8.85.

Monroe Capital (NASDAQ:MRCC - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $9.87 million during the quarter, compared to the consensus estimate of $12.38 million. Monroe Capital had a return on equity of 10.70% and a net margin of 3.74%. As a group, equities research analysts forecast that Monroe Capital Corporation will post 1.14 earnings per share for the current year.

Monroe Capital Dividend Announcement

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 14.1%. 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.

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