Homrich Berg adds Monroe Capital Corp (MRCC) to its portfolio

Monroe Capital Corp (MRCC) : Homrich Berg added new position in Monroe Capital Corp during the most recent quarter end. The investment management firm now holds 123,082 shares of Monroe Capital Corp which is valued at $1,922,541 , the company said in a statement filed on Aug 10, 2016 with the SEC.Monroe Capital Corp makes up approximately 0.18% of Homrich Berg’s portfolio.

Other Hedge Funds, Including , Blackrock Group Ltd boosted its stake in MRCC in the latest quarter, The investment management firm added 8,768 additional shares and now holds a total of 68,992 shares of Monroe Capital Corp which is valued at $1,077,655.Advisors Asset Management reduced its stake in MRCC by selling 251,887 shares or 18.8% in the most recent quarter. The Hedge Fund company now holds 1,088,025 shares of MRCC which is valued at $16,886,148. Monroe Capital Corp makes up approx 0.27% of Advisors Asset Management’s portfolio.Blair William Coil reduced its stake in MRCC by selling 73,286 shares or 9.41% in the most recent quarter. The Hedge Fund company now holds 705,633 shares of MRCC which is valued at $10,951,424. Monroe Capital Corp makes up approx 0.10% of Blair William Coil’s portfolio.Janney Montgomery Scott boosted its stake in MRCC in the latest quarter, The investment management firm added 115,458 additional shares and now holds a total of 241,659 shares of Monroe Capital Corp which is valued at $3,757,797. Monroe Capital Corp makes up approx 0.06% of Janney Montgomery Scott’s portfolio.Stephens Inc Ar boosted its stake in MRCC in the latest quarter, The investment management firm added 11,354 additional shares and now holds a total of 69,763 shares of Monroe Capital Corp which is valued at $1,084,815. Monroe Capital Corp makes up approx 0.05% of Stephens Inc Ar’s portfolio.

Monroe Capital Corp opened for trading at $15.84 and hit $15.94 on the upside on Friday, eventually ending the session at $15.93, with a gain of 0.70% or 0.11 points. The heightened volatility saw the trading volume jump to 1,08,366 shares. Company has a market cap of $264 M.

Many Wall Street Analysts have commented on Monroe Capital Corp. Raymond James Initiated Monroe Capital Corp on Aug 16, 2016 to “Outperform”, Price Target of the shares are set at $18.50.Monroe Capital Corp was Downgraded by Ladenburg Thalmann to ” Neutral” on Aug 10, 2016. Company shares were Reiterated by Wunderlich on Jul 21, 2016 to “Buy”, Firm has raised the Price Target to $ 16 from a previous price target of $15.50 .

Monroe Capital Corporation is an externally managed 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. 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. The Company provides customized financing solutions focused primarily on senior secured junior secured and unitranche (a combination of senior secured and junior secured debt in the same facility) debt and unsecured subordinated debt and equity including equity co-investments in preferred and common stock and warrants. The Company’s investment activities are managed by its investment advisor Monroe Capital BDC Advisors LLC (MC Advisors).

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