Advisory Research Inc. Has $903,000 Position in Monroe Capital Corp (MRCC)

Advisory Research Inc. lowered its position in shares of Monroe Capital Corp (NASDAQ:MRCC) by 43.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 66,539 shares of the financial services provider’s stock after selling 50,760 shares during the quarter. Advisory Research Inc.’s holdings in Monroe Capital were worth $903,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ashfield Capital Partners LLC boosted its position in Monroe Capital by 31.3% during the third quarter. Ashfield Capital Partners LLC now owns 27,133 shares of the financial services provider’s stock worth $368,000 after acquiring an additional 6,461 shares during the last quarter. Rothschild Investment Corp IL boosted its position in Monroe Capital by 15.0% during the third quarter. Rothschild Investment Corp IL now owns 107,150 shares of the financial services provider’s stock worth $1,454,000 after acquiring an additional 14,000 shares during the last quarter. Clear Harbor Asset Management LLC boosted its position in Monroe Capital by 11.1% during the second quarter. Clear Harbor Asset Management LLC now owns 51,249 shares of the financial services provider’s stock worth $691,000 after acquiring an additional 5,125 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in Monroe Capital by 11.2% during the third quarter. Oppenheimer & Co. Inc. now owns 68,108 shares of the financial services provider’s stock worth $924,000 after acquiring an additional 6,858 shares during the last quarter. Finally, BB&T Securities LLC boosted its position in Monroe Capital by 62.3% during the second quarter. BB&T Securities LLC now owns 19,390 shares of the financial services provider’s stock worth $261,000 after acquiring an additional 7,440 shares during the last quarter. Hedge funds and other institutional investors own 23.64% of the company’s stock.

Shares of MRCC opened at $11.36 on Monday. The firm has a market capitalization of $232.26 million, a price-to-earnings ratio of 8.11 and a beta of 0.77. Monroe Capital Corp has a fifty-two week low of $10.85 and a fifty-two week high of $14.65. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.86.

Monroe Capital (NASDAQ:MRCC) last announced its quarterly earnings results on Tuesday, November 6th. The financial services provider reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.02. The company had revenue of $13.78 million for the quarter, compared to analyst estimates of $15.36 million. Monroe Capital had a net margin of 12.15% and a return on equity of 11.44%. Sell-side analysts forecast that Monroe Capital Corp will post 1.55 earnings per share for the current fiscal year.

A number of brokerages recently issued reports on MRCC. National Securities restated a “buy” rating and set a $16.00 target price on shares of Monroe Capital in a research report on Monday, September 10th. TheStreet upgraded shares of Monroe Capital from a “c” rating to a “b-” rating in a report on Friday, August 31st. B. Riley set a $14.00 price target on shares of Monroe Capital and gave the company a “hold” rating in a report on Friday, August 10th. BidaskClub upgraded shares of Monroe Capital from a “hold” rating to a “buy” rating in a report on Thursday, September 13th. Finally, ValuEngine upgraded shares of Monroe Capital from a “sell” rating to a “hold” rating in a report on Wednesday, September 12th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $13.38.

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About Monroe Capital

Monroe Capital Corporation is a business development company specializing in senior, unitranche and junior secured debt and to a lesser extent, unsecured debt and equity investments, and buyouts in middle-market companies. The fund prefers to invest in casinos and gaming, broadcasting, publishing, alcoholic beverage and tobacco distribution, oil and gas, insurance, pharmaceuticals and bio sciences, aerospace and defense, commercial printing, natural rubber, glass, container and packaging, metals and mining, and real estate.

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

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