U.S. Capital Wealth Advisors LLC Sells 12,653 Shares of Main Street Capital Co. (NYSE:MAIN)

U.S. Capital Wealth Advisors LLC decreased its holdings in Main Street Capital Co. (NYSE:MAIN) by 9.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 123,077 shares of the financial services provider’s stock after selling 12,653 shares during the period. U.S. Capital Wealth Advisors LLC owned about 0.14% of Main Street Capital worth $7,210,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Squarepoint Ops LLC bought a new stake in shares of Main Street Capital during the 2nd quarter worth about $349,000. Creative Planning grew its position in shares of Main Street Capital by 6.0% in the second quarter. Creative Planning now owns 53,399 shares of the financial services provider’s stock valued at $2,696,000 after purchasing an additional 3,002 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Main Street Capital by 59.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,089 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 405 shares during the period. Cetera Investment Advisers lifted its holdings in Main Street Capital by 9.1% during the 2nd quarter. Cetera Investment Advisers now owns 61,527 shares of the financial services provider’s stock worth $3,107,000 after purchasing an additional 5,122 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Main Street Capital in the 2nd quarter valued at $702,000. 20.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, B. Riley lifted their target price on Main Street Capital from $49.00 to $51.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $48.80.

Main Street Capital Trading Up 0.8 %

Shares of NYSE:MAIN opened at $61.93 on Friday. The company has a market capitalization of $5.46 billion, a P/E ratio of 11.22 and a beta of 1.28. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08. The business’s 50 day simple moving average is $57.68 and its 200 day simple moving average is $53.01. Main Street Capital Co. has a 1 year low of $43.90 and a 1 year high of $62.19.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings results on Thursday, November 7th. The financial services provider reported $1.00 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.02). Main Street Capital had a return on equity of 13.83% and a net margin of 89.25%. The company had revenue of $136.82 million during the quarter, compared to the consensus estimate of $137.57 million. During the same quarter in the previous year, the business posted $1.04 EPS. On average, research analysts anticipate that Main Street Capital Co. will post 4.11 EPS for the current fiscal year.

Main Street Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $3.60 annualized dividend and a dividend yield of 5.81%. Main Street Capital’s dividend payout ratio is 54.35%.

About Main Street Capital

Main Street Capital Corporation is a business development company specializes in equity capital to lower middle market companies. The firm specializing in recapitalizations, management buyouts, refinancing, family estate planning, management buyouts, refinancing, industry consolidation, mature, later stage emerging growth.