Kovitz Investment Group Partners LLC Reduces Holdings in Monroe Capital Co. (NASDAQ:MRCC)

Kovitz Investment Group Partners LLC decreased its holdings in shares of Monroe Capital Co. (NASDAQ:MRCC - Free Report) by 29.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 131,793 shares of the financial services provider's stock after selling 55,605 shares during the period. Kovitz Investment Group Partners LLC owned 0.61% of Monroe Capital worth $1,120,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MRCC. Garden State Investment Advisory Services LLC bought a new position in Monroe Capital in the third quarter worth $210,000. Ritholtz Wealth Management boosted its stake in Monroe Capital by 8.2% during the fourth quarter. Ritholtz Wealth Management now owns 36,882 shares of the financial services provider's stock worth $313,000 after acquiring an additional 2,803 shares in the last quarter. HB Wealth Management LLC grew its holdings in Monroe Capital by 3.0% in the fourth quarter. HB Wealth Management LLC now owns 56,600 shares of the financial services provider's stock worth $481,000 after purchasing an additional 1,650 shares during the period. LaFleur & Godfrey LLC increased its stake in shares of Monroe Capital by 197.3% during the fourth quarter. LaFleur & Godfrey LLC now owns 64,810 shares of the financial services provider's stock valued at $551,000 after purchasing an additional 43,010 shares in the last quarter. Finally, Aspiriant LLC boosted its position in shares of Monroe Capital by 18.2% in the 4th quarter. Aspiriant LLC now owns 13,000 shares of the financial services provider's stock worth $110,000 after purchasing an additional 2,000 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Oppenheimer dropped their target price on Monroe Capital from $9.00 to $8.00 and set a "market perform" rating on the stock in a report on Tuesday, March 4th. StockNews.com cut shares of Monroe Capital from a "buy" rating to a "hold" rating in a report on Monday, March 3rd.

Monroe Capital Stock Performance

Shares of NASDAQ:MRCC traded up $0.16 during midday trading on Friday, reaching $7.02. 62,389 shares of the company's stock traded hands, compared to its average volume of 62,619. Monroe Capital Co. has a one year low of $6.44 and a one year high of $8.85. The stock has a 50 day moving average of $7.56 and a 200 day moving average of $8.09. The company has a market cap of $152.10 million, a price-to-earnings ratio of 11.70 and a beta of 0.91. The company has a debt-to-equity ratio of 1.49, a quick ratio of 4.37 and a current ratio of 4.37.

Monroe Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.25 per share. The ex-dividend date was Friday, March 14th. This represents a $1.00 dividend on an annualized basis and a yield of 14.25%. Monroe Capital's dividend payout ratio (DPR) is 222.22%.

About Monroe Capital

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.