Monroe Capital Co. (NASDAQ:MRCC) Shares Sold by Cobblestone Capital Advisors LLC NY

Cobblestone Capital Advisors LLC NY lessened its stake in Monroe Capital Co. (NASDAQ:MRCC) by 7.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,574 shares of the financial services provider’s stock after selling 1,948 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Monroe Capital were worth $182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Private Advisor Group LLC purchased a new position in shares of Monroe Capital during the third quarter worth approximately $104,000. Magnolia Capital Advisors LLC purchased a new position in shares of Monroe Capital in the 2nd quarter valued at approximately $3,138,000. International Assets Investment Management LLC boosted its holdings in shares of Monroe Capital by 708.0% in the third quarter. International Assets Investment Management LLC now owns 220,600 shares of the financial services provider’s stock valued at $1,782,000 after acquiring an additional 193,298 shares in the last quarter. Ritholtz Wealth Management lifted its position in Monroe Capital by 162.7% in the second quarter. Ritholtz Wealth Management now owns 40,394 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 25,016 shares during the period. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in Monroe Capital by 16.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 19,938 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 2,861 shares in the last quarter.

Monroe Capital Stock Up 1.2 %

Shares of NASDAQ MRCC opened at $8.52 on Monday. The company’s fifty day moving average is $8.15 and its two-hundred day moving average is $7.81. 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 one year low of $6.77 and a one year high of $8.64.

Monroe Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $0.25 per share. The ex-dividend date was Monday, September 16th. This represents a $1.00 annualized dividend and a yield of 11.74%. Monroe Capital’s payout ratio is currently 166.67%.

Analyst Ratings Changes

Separately, StockNews.com raised Monroe Capital from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th.

About Monroe Capital

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.