KCG Holdings Inc. Invests $158,000 in Monroe Capital Corporation (MRCC)
KCG Holdings Inc. purchased a new stake in shares of Monroe Capital Corporation (NASDAQ:MRCC) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,017 shares of the financial services provider’s stock, valued at approximately $158,000. KCG Holdings Inc. owned 0.06% of Monroe Capital Corporation at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the stock. Wilbanks Smith & Thomas Asset Management LLC bought a new stake in Monroe Capital Corporation during the first quarter valued at $208,000. Sigma Planning Corp bought a new stake in Monroe Capital Corporation during the first quarter valued at $231,000. Cambridge Investment Research Advisors Inc. increased its stake in Monroe Capital Corporation by 25.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,583 shares of the financial services provider’s stock valued at $261,000 after buying an additional 3,405 shares during the last quarter. Wells Fargo & Company MN increased its stake in Monroe Capital Corporation by 41.7% in the first quarter. Wells Fargo & Company MN now owns 17,000 shares of the financial services provider’s stock valued at $267,000 after buying an additional 4,999 shares during the last quarter. Finally, North Star Investment Management Corp. increased its stake in Monroe Capital Corporation by 405.4% in the first quarter. North Star Investment Management Corp. now owns 18,700 shares of the financial services provider’s stock valued at $294,000 after buying an additional 15,000 shares during the last quarter. 27.81% of the stock is owned by institutional investors.
Monroe Capital Corporation (NASDAQ MRCC) traded down 0.97% during midday trading on Tuesday, reaching $14.22. 36,288 shares of the company traded hands. Monroe Capital Corporation has a 12-month low of $13.60 and a 12-month high of $16.37. The company has a 50-day moving average price of $15.06 and a 200-day moving average price of $15.50.
Monroe Capital Corporation (NASDAQ:MRCC) last announced its earnings results on Tuesday, May 9th. The financial services provider reported $0.36 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.36. Monroe Capital Corporation had a return on equity of 10.23% and a net margin of 41.75%. The company had revenue of $12.01 million during the quarter, compared to analyst estimates of $12.36 million. On average, analysts forecast that Monroe Capital Corporation will post $1.44 earnings per share for the current fiscal year.
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Several equities research analysts recently weighed in on MRCC shares. Zacks Investment Research downgraded shares of Monroe Capital Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, May 10th. National Securities reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Monroe Capital Corporation in a report on Monday, May 15th. Finally, BidaskClub downgraded shares of Monroe Capital Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $17.13.
In other Monroe Capital Corporation news, Chairman Theodore L. Koenig bought 5,710 shares of the stock in a transaction dated Thursday, May 11th. The stock was bought at an average cost of $15.49 per share, for a total transaction of $88,447.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey D. Steele bought 6,425 shares of the stock in a transaction dated Tuesday, June 20th. The stock was acquired at an average price of $15.00 per share, with a total value of $96,375.00. Following the completion of the purchase, the director now owns 18,000 shares of the company’s stock, valued at approximately $270,000. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 28,832 shares of company stock valued at $434,443. 1.90% of the stock is currently owned by corporate insiders.
About Monroe Capital Corporation
Monroe Capital Corporation is a closed-end, non-diversified management investment company. The Company is a specialty finance company focused on providing financing primarily to lower middle-market companies in the United States and Canada. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation primarily through investments in senior, unitranche and junior secured debt, and unsecured subordinated debt and equity.
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