MKT Advisors LLC Makes New Investment in Main Street Capital Co. (NYSE:MAIN)

MKT Advisors LLC purchased a new position in shares of Main Street Capital Co. (NYSE:MAIN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,525 shares of the financial services provider’s stock, valued at approximately $212,000.

Several other hedge funds also recently modified their holdings of MAIN. Geneos Wealth Management Inc. lifted its holdings in shares of Main Street Capital by 37.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,831 shares of the financial services provider’s stock worth $107,000 after acquiring an additional 500 shares during the period. Cornerstone Wealth Management LLC purchased a new position in shares of Main Street Capital during the 4th quarter worth about $209,000. Brighton Jones LLC purchased a new position in shares of Main Street Capital during the 4th quarter worth about $304,000. Secure Asset Management LLC purchased a new position in shares of Main Street Capital during the 4th quarter worth about $264,000. Finally, Wesbanco Bank Inc. purchased a new position in shares of Main Street Capital during the 4th quarter worth about $220,000. 20.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Main Street Capital Trading Up 0.5 %

NYSE MAIN opened at $61.13 on Friday. Main Street Capital Co. has a one year low of $43.90 and a one year high of $61.37. The company’s 50 day moving average price is $56.88 and its 200 day moving average price is $52.67. 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 firm has a market capitalization of $5.39 billion, a price-to-earnings ratio of 11.07 and a beta of 1.28.

Main Street Capital (NYSE:MAIN) last posted its quarterly 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 business had revenue of $136.82 million during the quarter, compared to analysts’ expectations of $137.57 million. During the same quarter in the previous year, the business posted $1.04 EPS. On average, sell-side analysts predict that Main Street Capital Co. will post 4.11 EPS for the current year.

Main Street Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.89%. Main Street Capital’s dividend payout ratio is currently 54.35%.

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.