Naviter Wealth LLC Has $3.88 Million Stock Position in Main Street Capital Co. (NYSE:MAIN)

Naviter Wealth LLC grew its position in Main Street Capital Co. (NYSE:MAIN) by 7.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 66,168 shares of the financial services provider’s stock after buying an additional 4,765 shares during the period. Naviter Wealth LLC owned approximately 0.08% of Main Street Capital worth $3,876,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Asset Planning Inc acquired a new position in Main Street Capital in the 4th quarter worth $29,000. Truvestments Capital LLC acquired a new position in Main Street Capital in the 3rd quarter worth $39,000. Prospera Private Wealth LLC acquired a new position in Main Street Capital in the 3rd quarter worth $50,000. Wilmington Savings Fund Society FSB acquired a new position in Main Street Capital in the 3rd quarter worth $50,000. Finally, AdvisorNet Financial Inc boosted its stake in Main Street Capital by 145.8% in the 4th quarter. AdvisorNet Financial Inc now owns 1,229 shares of the financial services provider’s stock worth $72,000 after purchasing an additional 729 shares during the period. Institutional investors and hedge funds own 20.31% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on MAIN. B. Riley boosted their price target on shares of Main Street Capital from $49.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Truist Financial boosted their price target on shares of Main Street Capital from $52.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, March 3rd.

Main Street Capital Stock Up 3.1 %

Main Street Capital stock opened at $58.68 on Friday. The stock has a market cap of $5.20 billion, a P/E ratio of 10.63 and a beta of 1.26. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.13. Main Street Capital Co. has a twelve month low of $45.00 and a twelve month high of $63.32. The company’s 50-day moving average price is $60.15 and its two-hundred day moving average price is $54.87.

Main Street Capital (NYSE:MAIN) last released its quarterly earnings results on Thursday, February 27th. The financial services provider reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.06). The company had revenue of $140.44 million during the quarter, compared to the consensus estimate of $141.40 million. Main Street Capital had a net margin of 89.25% and a return on equity of 13.83%. As a group, analysts expect that Main Street Capital Co. will post 4.11 EPS for the current year.

Main Street Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, June 6th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $3.00 annualized dividend and a yield of 5.11%. Main Street Capital’s dividend payout ratio is currently 51.37%.

Main Street Capital 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.