LaFleur & Godfrey LLC Boosts Stock Holdings in Monroe Capital Corporation (NASDAQ:MRCC)

LaFleur & Godfrey LLC lifted its stake in Monroe Capital Corporation (NASDAQ:MRCC - Free Report) by 68.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 108,910 shares of the financial services provider's stock after acquiring an additional 44,100 shares during the quarter. LaFleur & Godfrey LLC owned approximately 0.50% of Monroe Capital worth $849,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ritholtz Wealth Management raised its position in Monroe Capital by 8.5% during the first quarter. Ritholtz Wealth Management now owns 40,022 shares of the financial services provider's stock worth $312,000 after acquiring an additional 3,140 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Monroe Capital in the 1st quarter valued at about $84,000. Sunbelt Securities Inc. lifted its stake in Monroe Capital by 308.3% in the 4th quarter. Sunbelt Securities Inc. now owns 47,118 shares of the financial services provider's stock valued at $390,000 after purchasing an additional 35,578 shares during the last quarter. Two Sigma Investments LP grew its holdings in 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 worth $1,147,000 after purchasing an additional 7,652 shares during the period. Finally, Two Sigma Advisers LP increased its position in 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 worth $1,544,000 after buying an additional 21,900 shares during the last quarter.

Monroe Capital Stock Performance

NASDAQ MRCC remained flat at $6.26 during midday trading on Tuesday. The company's stock had a trading volume of 28,625 shares, compared to its average volume of 65,538. The stock has a market cap of $135.65 million, a P/E ratio of 18.97 and a beta of 0.88. Monroe Capital Corporation has a 52-week low of $6.11 and a 52-week high of $8.85. The company has a quick ratio of 5.42, a current ratio of 5.42 and a debt-to-equity ratio of 1.44. The business has a fifty day moving average of $6.65 and a 200-day moving average of $7.64.

Monroe Capital (NASDAQ:MRCC - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.08). The business had revenue of $11.64 million during the quarter, compared to the consensus estimate of $13.81 million. Monroe Capital had a net margin of 12.36% and a return on equity of 12.20%. On average, equities analysts anticipate that Monroe Capital Corporation will post 1.14 EPS for the current year.

Monroe Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $0.25 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.00 dividend on an annualized basis and a yield of 15.97%. Monroe Capital's dividend payout ratio (DPR) is presently 303.03%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Oppenheimer cut their target price on shares of Monroe Capital from $9.00 to $8.00 and set a "market perform" rating for the company in a research note on Tuesday, March 4th. Wall Street Zen cut shares of Monroe Capital from a "buy" rating to a "hold" rating in a report on Monday, March 3rd.

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.