Garden State Investment Advisory Services LLC Purchases 10,270 Shares of Monroe Capital Co. (NASDAQ:MRCC)

Garden State Investment Advisory Services LLC grew its position in Monroe Capital Co. (NASDAQ:MRCC) by 39.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,276 shares of the financial services provider’s stock after acquiring an additional 10,270 shares during the quarter. Garden State Investment Advisory Services LLC’s holdings in Monroe Capital were worth $308,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in Monroe Capital in the 4th quarter valued at $712,000. Cerity Partners LLC boosted its stake in shares of Monroe Capital by 4.0% during the fourth quarter. Cerity Partners LLC now owns 52,337 shares of the financial services provider’s stock valued at $445,000 after purchasing an additional 2,006 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Monroe Capital by 13.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 12,688 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 1,486 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in Monroe Capital by 2.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 67,060 shares of the financial services provider’s stock worth $570,000 after buying an additional 1,512 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its holdings in Monroe Capital by 166.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 10,854 shares of the financial services provider’s stock valued at $92,000 after buying an additional 6,773 shares in the last quarter.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Oppenheimer reduced their target price on shares of Monroe Capital from $9.00 to $8.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 4th. StockNews.com lowered Monroe Capital from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd.

Monroe Capital Price Performance

NASDAQ MRCC opened at $7.05 on Thursday. The company has a market cap of $152.75 million, a PE ratio of 11.75 and a beta of 0.91. The firm’s 50 day moving average price is $7.93 and its 200-day moving average price is $8.17. The company has a debt-to-equity ratio of 1.49, a quick ratio of 4.37 and a current ratio of 4.37. Monroe Capital Co. has a 52-week low of $6.55 and a 52-week high of $8.85.

Monroe Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 14.18%. The ex-dividend date of this dividend was Friday, March 14th. Monroe Capital’s payout ratio is 222.22%.

Monroe Capital Company 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.