Main Street Capital Co. (NYSE:MAIN) Shares Purchased by Albion Financial Group UT

Albion Financial Group UT raised its position in Main Street Capital Co. (NYSE:MAIN) by 1.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 114,272 shares of the financial services provider’s stock after buying an additional 1,165 shares during the period. Albion Financial Group UT owned approximately 0.13% of Main Street Capital worth $5,406,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Nomura Asset Management Co. Ltd. lifted its position in shares of Main Street Capital by 73.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,139 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 483 shares during the last quarter. Scarborough Advisors LLC acquired a new stake in Main Street Capital during the fourth quarter worth about $72,000. Signaturefd LLC raised its stake in Main Street Capital by 41.5% during the fourth quarter. Signaturefd LLC now owns 1,726 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 506 shares during the period. Newbridge Financial Services Group Inc. raised its stake in Main Street Capital by 32.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,733 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 420 shares during the period. Finally, ICA Group Wealth Management LLC acquired a new stake in Main Street Capital during the fourth quarter worth about $86,000. Institutional investors own 20.31% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Truist Financial raised their price target on shares of Main Street Capital from $45.00 to $52.00 and gave the company a “hold” rating in a research note on Monday, May 13th. Royal Bank of Canada raised their price target on shares of Main Street Capital from $48.00 to $52.00 and gave the company an “outperform” rating in a research note on Tuesday, April 30th. Finally, B. Riley raised their price target on shares of Main Street Capital from $47.00 to $49.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $48.20.

Main Street Capital Stock Up 0.9 %

Shares of NYSE:MAIN traded up $0.47 during trading on Wednesday, reaching $51.87. 288,372 shares of the company traded hands, compared to its average volume of 358,248. The firm has a fifty day simple moving average of $49.38 and a 200 day simple moving average of $46.77. The firm has a market cap of $4.45 billion, a P/E ratio of 9.38 and a beta of 1.29. Main Street Capital Co. has a 1-year low of $37.70 and a 1-year high of $52.02. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.11.

Main Street Capital (NYSE:MAIN) last released its quarterly earnings results on Thursday, May 9th. The financial services provider reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.02. The business had revenue of $131.61 million for the quarter, compared to the consensus estimate of $128.00 million. Main Street Capital had a net margin of 89.11% and a return on equity of 14.83%. During the same quarter last year, the firm earned $1.02 EPS. Analysts anticipate that Main Street Capital Co. will post 4.08 earnings per share for the current fiscal year.

Main Street Capital Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, June 27th. Investors of record on Monday, June 24th were issued a $0.30 dividend. The ex-dividend date was Friday, June 21st. This represents a yield of 7.55%. Main Street Capital’s dividend payout ratio (DPR) is presently 52.55%.

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.