Larson Financial Group LLC Has $3.12 Million Stock Holdings in Main Street Capital Co. (NYSE:MAIN)

Larson Financial Group LLC increased its position in Main Street Capital Co. (NYSE:MAIN) by 18.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,237 shares of the financial services provider’s stock after buying an additional 8,269 shares during the quarter. Larson Financial Group LLC owned 0.06% of Main Street Capital worth $3,119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its position in Main Street Capital by 23.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 11,974 shares of the financial services provider’s stock valued at $701,000 after acquiring an additional 2,264 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in shares of Main Street Capital in the fourth quarter worth $957,000. Raymond James Financial Inc. acquired a new stake in Main Street Capital in the fourth quarter valued at $10,460,000. Cullen Frost Bankers Inc. raised its position in Main Street Capital by 15.5% during the 4th quarter. Cullen Frost Bankers Inc. now owns 4,618 shares of the financial services provider’s stock worth $271,000 after purchasing an additional 618 shares during the last quarter. Finally, Atria Investments Inc acquired a new position in Main Street Capital during the 4th quarter worth about $754,000. Institutional investors own 20.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MAIN shares. Truist Financial increased their price target on Main Street Capital from $52.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, March 3rd. B. Riley upped their target price on Main Street Capital from $49.00 to $51.00 and gave the company a “neutral” rating in a report on Monday, November 11th.

Main Street Capital Price Performance

MAIN stock opened at $58.68 on Friday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.13. The company’s fifty day simple moving average is $60.15 and its 200 day simple moving average is $54.87. Main Street Capital Co. has a 12-month low of $45.00 and a 12-month high of $63.32. The firm has a market cap of $5.20 billion, a price-to-earnings ratio of 10.63 and a beta of 1.26.

Main Street Capital (NYSE:MAIN) last released its quarterly earnings results on Thursday, February 27th. The financial services provider reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.06). Main Street Capital had a net margin of 89.25% and a return on equity of 13.83%. The company had revenue of $140.44 million during the quarter, compared to analysts’ expectations of $141.40 million. On average, analysts expect that Main Street Capital Co. will post 4.11 earnings per share for the current year.

Main Street Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, June 6th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $3.00 annualized dividend and a yield of 5.11%. Main Street Capital’s dividend payout ratio (DPR) is 51.37%.

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.