Main Street Capital Co. (NYSE:MAIN) Shares Acquired by Financial Security Advisor Inc.

Financial Security Advisor Inc. lifted its position in Main Street Capital Co. (NYSE:MAIN) by 9.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,939 shares of the financial services provider’s stock after buying an additional 1,070 shares during the quarter. Financial Security Advisor Inc.’s holdings in Main Street Capital were worth $758,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Raymond James & Associates grew its stake in shares of Main Street Capital by 24.3% in the third quarter. Raymond James & Associates now owns 59,500 shares of the financial services provider’s stock worth $2,983,000 after acquiring an additional 11,646 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Main Street Capital by 7,077.4% in the third quarter. International Assets Investment Management LLC now owns 112,182 shares of the financial services provider’s stock valued at $5,625,000 after purchasing an additional 110,619 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in Main Street Capital by 36.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 58,726 shares of the financial services provider’s stock worth $2,945,000 after purchasing an additional 15,813 shares in the last quarter. Focus Financial Network Inc. increased its holdings in Main Street Capital by 6.0% during the 3rd quarter. Focus Financial Network Inc. now owns 24,262 shares of the financial services provider’s stock worth $1,217,000 after purchasing an additional 1,365 shares during the period. Finally, Americana Partners LLC raised its position in Main Street Capital by 1.5% in the 3rd quarter. Americana Partners LLC now owns 74,479 shares of the financial services provider’s stock valued at $3,734,000 after purchasing an additional 1,074 shares in the last quarter. Institutional investors and hedge funds own 20.31% of the company’s stock.

Main Street Capital Stock Performance

NYSE:MAIN opened at $58.88 on Friday. The firm has a market capitalization of $5.19 billion, a PE ratio of 10.67 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 fifty day moving average price is $59.85 and its 200 day moving average price is $54.42. Main Street Capital Co. has a 12 month low of $45.00 and a 12 month high of $63.31.

Main Street Capital (NYSE:MAIN) last released its quarterly earnings data 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). The business had revenue of $140.44 million during the quarter, compared to analysts’ expectations of $141.40 million. Main Street Capital had a net margin of 89.25% and a return on equity of 13.83%. On average, sell-side analysts anticipate that Main Street Capital Co. will post 4.11 earnings per share for the current fiscal year.

Main Street Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, June 6th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, June 6th. This represents a $3.00 annualized dividend and a dividend yield of 5.10%. Main Street Capital’s dividend payout ratio is presently 54.35%.

Wall Street Analyst Weigh In

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

Main Street Capital Company Profile

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.