Mckinley Capital Management LLC Delaware lifted its holdings in shares of Monroe Capital Corporation (NASDAQ:MRCC) by 55.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 127,539 shares of the financial services provider’s stock after acquiring an additional 45,346 shares during the quarter. Mckinley Capital Management LLC Delaware owned 0.63% of Monroe Capital worth $1,825,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Muzinich & Co. Inc. grew its holdings in Monroe Capital by 18.7% during the second quarter. Muzinich & Co. Inc. now owns 801,138 shares of the financial services provider’s stock valued at $12,201,000 after purchasing an additional 126,196 shares during the period. Blair William & Co. IL grew its holdings in Monroe Capital by 0.5% during the second quarter. Blair William & Co. IL now owns 794,108 shares of the financial services provider’s stock valued at $12,094,000 after purchasing an additional 4,136 shares during the period. Sumitomo Mitsui Asset Management Company LTD grew its holdings in Monroe Capital by 14.8% during the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 462,399 shares of the financial services provider’s stock valued at $6,616,000 after purchasing an additional 59,617 shares during the period. Janney Montgomery Scott LLC grew its holdings in Monroe Capital by 0.8% during the second quarter. Janney Montgomery Scott LLC now owns 184,334 shares of the financial services provider’s stock valued at $2,807,000 after purchasing an additional 1,521 shares during the period. Finally, Van ECK Associates Corp grew its holdings in Monroe Capital by 6.1% during the third quarter. Van ECK Associates Corp now owns 153,900 shares of the financial services provider’s stock valued at $2,202,000 after purchasing an additional 8,817 shares during the period. 29.79% of the stock is owned by institutional investors and hedge funds.

In related news, Chairman Theodore L. Koenig purchased 21,800 shares of the business’s stock in a transaction dated Thursday, September 7th. The stock was purchased at an average cost of $13.61 per share, with a total value of $296,698.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is owned by company insiders.

Monroe Capital Corporation (NASDAQ MRCC) opened at $14.46 on Friday. Monroe Capital Corporation has a twelve month low of $13.32 and a twelve month high of $16.20. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $292.67, a price-to-earnings ratio of 10.31 and a beta of 0.58.

Several equities analysts have weighed in on the company. Ladenburg Thalmann Financial Services raised Monroe Capital from a “neutral” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Thursday, August 10th. TheStreet raised Monroe Capital from a “c+” rating to a “b” rating in a report on Monday, November 27th. Zacks Investment Research raised Monroe Capital from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. BidaskClub lowered Monroe Capital from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Finally, National Securities reissued a “buy” rating and set a $17.00 price objective on shares of Monroe Capital in a report on Monday, August 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $16.50.

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Monroe Capital Company Profile

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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