Sigma Planning Corp cut its stake in Monroe Capital Corporation (NASDAQ:MRCC) by 6.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,751 shares of the financial services provider’s stock after selling 932 shares during the period. Sigma Planning Corp’s holdings in Monroe Capital Corporation were worth $209,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. Liberty Capital Management Inc. acquired a new stake in shares of Monroe Capital Corporation during the second quarter valued at about $103,000. KCG Holdings Inc. acquired a new stake in shares of Monroe Capital Corporation during the first quarter valued at about $158,000. Wilbanks Smith & Thomas Asset Management LLC acquired a new stake in shares of Monroe Capital Corporation during the first quarter valued at about $208,000. Cambridge Investment Research Advisors Inc. increased its stake in shares of 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 period. Finally, Wells Fargo & Company MN increased its stake in shares of 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 period. Institutional investors own 26.70% of the company’s stock.
Monroe Capital Corporation (MRCC) opened at 13.89 on Friday. Monroe Capital Corporation has a 52-week low of $13.60 and a 52-week high of $16.37. The stock’s 50 day moving average price is $14.75 and its 200 day moving average price is $15.39.
Monroe Capital Corporation (NASDAQ:MRCC) last issued its earnings results on Tuesday, August 8th. The financial services provider reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by $0.01. Monroe Capital Corporation had a net margin of 31.60% and a return on equity of 9.39%. The firm had revenue of $12.27 million during the quarter, compared to the consensus estimate of $12.40 million. On average, equities research analysts predict that Monroe Capital Corporation will post $1.40 EPS for the current fiscal year.
MRCC has been the subject of several recent analyst reports. National Securities restated a “buy” rating and issued a $17.00 price target on shares of Monroe Capital Corporation in a report on Monday, June 12th. Ladenburg Thalmann Financial Services upgraded Monroe Capital Corporation from a “neutral” rating to a “buy” rating and set a $16.00 price target for the company in a report on Thursday, August 10th. Zacks Investment Research upgraded Monroe Capital Corporation from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, BidaskClub upgraded Monroe Capital Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Monroe Capital Corporation has a consensus rating of “Hold” and an average target price of $16.50.
In other news, Chairman Theodore L. Koenig bought 16,697 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The stock was acquired at an average cost of $14.95 per share, with a total value of $249,620.15. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jeffrey D. Steele bought 6,425 shares of the firm’s stock in a transaction that occurred on Tuesday, June 20th. The stock was purchased at an average cost of $15.00 per share, with a total value of $96,375.00. Following the completion of the transaction, the director now directly owns 18,000 shares in the company, valued at $270,000. The disclosure for this purchase can be found here. Insiders own 1.90% of the company’s stock.
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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