Alera Investment Advisors LLC increased its position in shares of Monroe Capital Corp (NASDAQ:MRCC) by 45.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,721 shares of the financial services provider’s stock after acquiring an additional 1,466 shares during the quarter. Alera Investment Advisors LLC’s holdings in Monroe Capital were worth $57,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Capital Investment Advisory Services LLC acquired a new position in Monroe Capital during the 4th quarter valued at approximately $27,000. CIBC Private Wealth Group LLC increased its stake in shares of Monroe Capital by 3.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 116,082 shares of the financial services provider’s stock worth $1,114,000 after acquiring an additional 3,437 shares during the period. Wiley BROS. Aintree Capital LLC acquired a new stake in shares of Monroe Capital in the fourth quarter worth $186,000. West Family Investments Inc. increased its stake in shares of Monroe Capital by 84.1% in the fourth quarter. West Family Investments Inc. now owns 72,022 shares of the financial services provider’s stock worth $691,000 after acquiring an additional 32,906 shares during the period. Finally, Cliffwater LLC increased its stake in shares of Monroe Capital by 2.6% in the fourth quarter. Cliffwater LLC now owns 216,076 shares of the financial services provider’s stock worth $2,074,000 after acquiring an additional 5,434 shares during the period. Hedge funds and other institutional investors own 21.61% of the company’s stock.

A number of analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Monroe Capital from a “buy” rating to a “sell” rating in a research note on Saturday, May 11th. ValuEngine upgraded shares of Monroe Capital from a “sell” rating to a “hold” rating in a research note on Thursday, May 23rd. BidaskClub lowered shares of Monroe Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. Finally, National Securities reiterated a “neutral” rating and issued a $13.00 price objective on shares of Monroe Capital in a research note on Thursday, March 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $13.13.

NASDAQ:MRCC opened at $11.81 on Thursday. The firm has a market capitalization of $241.66 million, a PE ratio of 7.52 and a beta of 1.13. Monroe Capital Corp has a 1-year low of $9.10 and a 1-year high of $14.30. The company has a current ratio of 3.73, a quick ratio of 3.73 and a debt-to-equity ratio of 1.39.

Monroe Capital (NASDAQ:MRCC) last released its quarterly earnings data on Tuesday, May 7th. The financial services provider reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.03). The business had revenue of $16.16 million during the quarter, compared to analyst estimates of $16.58 million. Monroe Capital had a return on equity of 11.59% and a net margin of 19.97%. Research analysts predict that Monroe Capital Corp will post 1.44 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 11.85%. The ex-dividend date is Thursday, June 13th. Monroe Capital’s dividend payout ratio (DPR) is presently 89.17%.

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Monroe Capital Company Profile

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.

Read More: Leveraged Buyout (LBO) Explained

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

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