Ritholtz Wealth Management lessened its holdings in shares of Monroe Capital Co. (NASDAQ:MRCC – Free Report) by 15.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,079 shares of the financial services provider’s stock after selling 6,315 shares during the quarter. Ritholtz Wealth Management owned 0.16% of Monroe Capital worth $275,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Magnolia Capital Advisors LLC acquired a new stake in shares of Monroe Capital in the 2nd quarter valued at about $3,138,000. Quadrature Capital Ltd acquired a new stake in Monroe Capital during the first quarter valued at approximately $327,000. MAS Advisors LLC lifted its holdings in Monroe Capital by 134.5% during the 1st quarter. MAS Advisors LLC now owns 27,727 shares of the financial services provider’s stock worth $200,000 after buying an additional 15,902 shares during the last quarter. Chapin Davis Inc. grew its position in shares of Monroe Capital by 73.3% in the 1st quarter. Chapin Davis Inc. now owns 26,000 shares of the financial services provider’s stock worth $187,000 after acquiring an additional 11,000 shares in the last quarter. Finally, Rothschild Investment LLC bought a new stake in shares of Monroe Capital in the 2nd quarter valued at approximately $76,000.
Monroe Capital Stock Performance
MRCC stock opened at $8.35 on Friday. The firm has a market cap of $180.94 million, a P/E ratio of 835.00 and a beta of 1.03. The stock’s 50 day simple moving average is $7.93 and its 200 day simple moving average is $7.60. The company has a current ratio of 3.38, a quick ratio of 3.38 and a debt-to-equity ratio of 1.53. Monroe Capital Co. has a 12-month low of $6.69 and a 12-month high of $8.41.
Monroe Capital Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 11.98%. The ex-dividend date was Monday, September 16th. Monroe Capital’s dividend payout ratio (DPR) is 10,000.00%.
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.
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