Magnolia Capital Advisors LLC Buys 1,916 Shares of Monroe Capital Co. (NASDAQ:MRCC)

Magnolia Capital Advisors LLC increased its stake in shares of Monroe Capital Co. (NASDAQ:MRCC) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,555 shares of the financial services provider’s stock after purchasing an additional 1,916 shares during the quarter. Magnolia Capital Advisors LLC’s holdings in Monroe Capital were worth $872,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. HB Wealth Management LLC boosted its stake 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 valued at $481,000 after acquiring an additional 1,650 shares during the last quarter. Aspiriant LLC boosted its stake in Monroe Capital by 18.2% in the fourth quarter. Aspiriant LLC now owns 13,000 shares of the financial services provider’s stock valued at $110,000 after acquiring an additional 2,000 shares during the last quarter. Ritholtz Wealth Management boosted its stake in Monroe Capital by 8.2% in the fourth quarter. Ritholtz Wealth Management now owns 36,882 shares of the financial services provider’s stock valued at $313,000 after acquiring an additional 2,803 shares during the last quarter. Private Advisor Group LLC bought a new position in Monroe Capital in the third quarter valued at approximately $104,000. Finally, Garden State Investment Advisory Services LLC bought a new position in shares of Monroe Capital during the third quarter worth $210,000.

Monroe Capital Trading Up 0.6 %

Shares of NASDAQ MRCC opened at $8.60 on Monday. Monroe Capital Co. has a twelve month low of $6.97 and a twelve month high of $8.80. The company has a quick ratio of 4.37, a current ratio of 4.37 and a debt-to-equity ratio of 1.49. The company’s fifty day moving average is $8.42 and its 200-day moving average is $8.08. The stock has a market cap of $186.36 million, a price-to-earnings ratio of 14.33 and a beta of 1.03.

Monroe Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.63%. Monroe Capital’s payout ratio is 166.67%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MRCC. B. Riley cut shares of Monroe Capital from a “neutral” rating to a “sell” rating and set a $7.25 price target on the stock. in a research report on Wednesday, December 11th. StockNews.com raised shares of Monroe Capital from a “hold” rating to a “buy” rating in a research report on Thursday, December 19th.

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.