Advisors Asset Management Inc. Sells 90,858 Shares of Monroe Capital Corporation (NASDAQ:MRCC)

Advisors Asset Management Inc. decreased its stake in Monroe Capital Corporation (NASDAQ:MRCC) by 18.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 390,834 shares of the financial services provider’s stock after selling 90,858 shares during the quarter. Advisors Asset Management Inc. owned 1.93% of Monroe Capital worth $5,593,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Sumitomo Mitsui Asset Management Company LTD increased its holdings in shares of Monroe Capital by 14.8% in 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 acquiring an additional 59,617 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Monroe Capital by 197.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 34,384 shares of the financial services provider’s stock worth $524,000 after acquiring an additional 22,827 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Monroe Capital by 1.6% in the second quarter. Royal Bank of Canada now owns 19,480 shares of the financial services provider’s stock worth $297,000 after acquiring an additional 314 shares in the last quarter. Muzinich & Co. Inc. increased its holdings in shares of Monroe Capital by 18.7% in the second quarter. Muzinich & Co. Inc. now owns 801,138 shares of the financial services provider’s stock worth $12,201,000 after acquiring an additional 126,196 shares in the last quarter. Finally, Advisor Group Inc. increased its holdings in shares of Monroe Capital by 5.7% in the second quarter. Advisor Group Inc. now owns 68,168 shares of the financial services provider’s stock worth $1,038,000 after acquiring an additional 3,700 shares in the last quarter. 29.94% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Chairman Theodore L. Koenig acquired 21,800 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was acquired at an average cost of $13.61 per share, for a total transaction of $296,698.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is currently owned by company insiders.

Monroe Capital Corporation (MRCC) traded up $0.04 during trading hours on Wednesday, hitting $14.40. The company had a trading volume of 59,333 shares, compared to its average volume of 98,132. 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 company has a market capitalization of $294.09, a P/E ratio of 10.38 and a beta of 0.56. Monroe Capital Corporation has a fifty-two week low of $13.32 and a fifty-two week high of $16.20.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 9.72%. Monroe Capital’s payout ratio is presently 144.33%.

Several equities research analysts have issued reports on the company. Zacks Investment Research upgraded Monroe Capital from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. Ladenburg Thalmann Financial Services upgraded Monroe Capital 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. BidaskClub downgraded Monroe Capital from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. National Securities restated a “buy” rating and issued a $17.00 price target on shares of Monroe Capital in a report on Monday, November 13th. Finally, TheStreet downgraded Monroe Capital from a “b” rating to a “c+” rating in a report on Friday, August 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. Monroe Capital currently has an average rating of “Hold” and an average price target of $16.50.

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About Monroe Capital

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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