D.B. Root & Company LLC Reduces Holdings in Main Street Capital Co. (NYSE:MAIN)

D.B. Root & Company LLC lowered its position in Main Street Capital Co. (NYSE:MAIN) by 4.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,457 shares of the financial services provider’s stock after selling 662 shares during the quarter. D.B. Root & Company LLC’s holdings in Main Street Capital were worth $788,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Godsey & Gibb Inc. bought a new position in Main Street Capital in the 3rd quarter valued at $28,000. Truvestments Capital LLC purchased a new stake in shares of Main Street Capital during the third quarter valued at $39,000. Prospera Private Wealth LLC bought a new position in shares of Main Street Capital in the third quarter worth about $50,000. Wilmington Savings Fund Society FSB purchased a new position in Main Street Capital in the 3rd quarter worth about $50,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Main Street Capital by 59.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,089 shares of the financial services provider’s stock valued at $55,000 after buying an additional 405 shares in the last quarter. Institutional investors own 20.31% of the company’s stock.

Main Street Capital Stock Performance

MAIN opened at $60.71 on Thursday. The company has a market cap of $5.35 billion, a P/E ratio of 11.00 and a beta of 1.28. 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 firm’s 50-day moving average price is $56.36 and its 200-day moving average price is $52.48. Main Street Capital Co. has a 52-week low of $43.90 and a 52-week high of $60.98.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings results on Thursday, November 7th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.02). Main Street Capital had a net margin of 89.25% and a return on equity of 13.83%. The company had revenue of $136.82 million for the quarter, compared to analyst estimates of $137.57 million. During the same quarter in the previous year, the company posted $1.04 EPS. As a group, equities 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 announced a monthly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be issued a dividend of $0.30 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.93%. The ex-dividend date is Friday, February 7th. Main Street Capital’s dividend payout ratio (DPR) is 54.35%.

Analyst Ratings Changes

Separately, B. Riley upped their target price on shares of Main Street Capital from $49.00 to $51.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $48.80.

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.