Chicago Partners Investment Group LLC lifted its holdings in shares of Monroe Capital Corp (NASDAQ:MRCC) by 29.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 128,178 shares of the financial services provider’s stock after acquiring an additional 29,509 shares during the period. Chicago Partners Investment Group LLC owned 0.63% of Monroe Capital worth $1,834,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of MRCC. Muzinich & Co. Inc. increased its position in Monroe Capital by 18.7% during the second quarter. Muzinich & Co. Inc. now owns 801,138 shares of the financial services provider’s stock worth $12,201,000 after buying an additional 126,196 shares during the period. Blair William & Co. IL increased its position in Monroe Capital by 0.5% during the second quarter. Blair William & Co. IL now owns 794,108 shares of the financial services provider’s stock worth $12,094,000 after buying an additional 4,136 shares during the period. Sumitomo Mitsui Asset Management Company LTD increased its position in Monroe Capital by 14.8% during the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 462,399 shares of the financial services provider’s stock worth $6,616,000 after buying an additional 59,617 shares during the period. Janney Montgomery Scott LLC increased its position in Monroe Capital by 3.7% during the third quarter. Janney Montgomery Scott LLC now owns 191,096 shares of the financial services provider’s stock worth $2,735,000 after buying an additional 6,762 shares during the period. Finally, Van ECK Associates Corp increased its position in Monroe Capital by 6.1% during the third quarter. Van ECK Associates Corp now owns 153,900 shares of the financial services provider’s stock worth $2,202,000 after buying an additional 8,817 shares during the period. 29.94% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have commented on MRCC shares. TheStreet raised Monroe Capital from a “c+” rating to a “b” rating in a research report on Monday, November 27th. National Securities reaffirmed a “buy” rating and set a $17.00 price target on shares of Monroe Capital in a research report on Monday, November 13th. Finally, Zacks Investment Research raised Monroe Capital from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $16.50.

Monroe Capital Corp (NASDAQ:MRCC) opened at $14.04 on Friday. The company has a market capitalization of $291.45, a P/E ratio of 10.29 and a beta of 0.56. Monroe Capital Corp has a 12-month low of $13.32 and a 12-month high of $16.20. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.01 and a current ratio of 1.01.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.40 annualized dividend and a dividend yield of 9.97%. Monroe Capital’s dividend payout ratio (DPR) is currently 144.33%.

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Monroe Capital Company Profile

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.

Institutional Ownership by Quarter for Monroe Capital (NASDAQ:MRCC)

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