Paradiem LLC Buys 732 Shares of Main Street Capital Co. (NYSE:MAIN)

Paradiem LLC lifted its stake in Main Street Capital Co. (NYSE:MAIN) by 0.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 280,593 shares of the financial services provider’s stock after acquiring an additional 732 shares during the period. Main Street Capital makes up 4.4% of Paradiem LLC’s portfolio, making the stock its 3rd largest holding. Paradiem LLC owned approximately 0.32% of Main Street Capital worth $16,437,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Franklin Resources Inc. boosted its stake in Main Street Capital by 19.3% during the third quarter. Franklin Resources Inc. now owns 217,461 shares of the financial services provider’s stock worth $11,119,000 after buying an additional 35,227 shares in the last quarter. Segment Wealth Management LLC boosted its stake in Main Street Capital by 15.8% during the fourth quarter. Segment Wealth Management LLC now owns 50,368 shares of the financial services provider’s stock worth $2,951,000 after buying an additional 6,856 shares in the last quarter. Susquehanna Fundamental Investments LLC boosted its stake in Main Street Capital by 238.5% during the second quarter. Susquehanna Fundamental Investments LLC now owns 34,020 shares of the financial services provider’s stock worth $1,718,000 after buying an additional 23,970 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in Main Street Capital by 9.4% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 209,924 shares of the financial services provider’s stock worth $10,526,000 after buying an additional 18,059 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in Main Street Capital by 188.3% during the third quarter. Janney Montgomery Scott LLC now owns 20,176 shares of the financial services provider’s stock worth $1,012,000 after buying an additional 13,177 shares in the last quarter. Institutional investors and hedge funds own 20.31% of the company’s stock.

Main Street Capital Stock Down 0.2 %

Shares of NYSE:MAIN opened at $60.71 on Thursday. Main Street Capital Co. has a 52 week low of $43.90 and a 52 week high of $60.98. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.08 and a current ratio of 0.08. The company’s fifty day moving average is $56.36 and its 200-day moving average is $52.48. The company has a market capitalization of $5.35 billion, a PE ratio of 11.00 and a beta of 1.28.

Main Street Capital (NYSE:MAIN) last issued its earnings results on Thursday, November 7th. The financial services provider reported $1.00 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $136.82 million during the quarter, compared to analyst estimates of $137.57 million. During the same quarter in the prior year, the firm posted $1.04 EPS. Equities research analysts predict that Main Street Capital Co. will post 4.11 earnings per share for the current fiscal year.

Main Street Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be issued a $0.30 dividend. The ex-dividend date is Friday, February 7th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.93%. Main Street Capital’s dividend payout ratio is 54.35%.

Analysts Set New Price Targets

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