Sigma Planning Corp reduced its stake in shares of Main Street Capital Co. (NYSE:MAIN - Free Report) by 62.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 15,498 shares of the financial services provider's stock after selling 25,709 shares during the period. Sigma Planning Corp's holdings in Main Street Capital were worth $670,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Impact Partnership Wealth LLC boosted its stake in shares of Main Street Capital by 562.3% in the 3rd quarter. Impact Partnership Wealth LLC now owns 1,000 shares of the financial services provider's stock valued at $41,000 after purchasing an additional 849 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Main Street Capital by 157.9% in the 3rd quarter. Signaturefd LLC now owns 1,220 shares of the financial services provider's stock valued at $50,000 after acquiring an additional 747 shares during the last quarter. Hexagon Capital Partners LLC boosted its holdings in Main Street Capital by 23.8% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,744 shares of the financial services provider's stock valued at $71,000 after acquiring an additional 335 shares during the period. BluePath Capital Management LLC bought a new position in Main Street Capital during the 3rd quarter worth approximately $81,000. Finally, AdvisorNet Financial Inc increased its stake in Main Street Capital by 938.0% in the 4th quarter. AdvisorNet Financial Inc now owns 2,128 shares of the financial services provider's stock worth $92,000 after purchasing an additional 1,923 shares during the period. 20.31% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
MAIN has been the topic of several recent analyst reports. Truist Financial raised their target price on shares of Main Street Capital from $43.00 to $45.00 and gave the stock a "hold" rating in a report on Monday, February 26th. Oppenheimer upped their price objective on shares of Main Street Capital from $41.00 to $43.00 and gave the company a "market perform" rating in a research note on Monday, February 26th. Royal Bank of Canada raised their target price on Main Street Capital from $46.00 to $48.00 and gave the stock an "outperform" rating in a research note on Monday, January 22nd. B. Riley lowered Main Street Capital from a "buy" rating to a "neutral" rating and set a $47.00 price target for the company. in a research report on Monday, January 8th. Finally, UBS Group lifted their price objective on Main Street Capital from $43.00 to $45.00 and gave the stock a "neutral" rating in a research report on Friday, March 1st. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Main Street Capital currently has a consensus rating of "Hold" and a consensus target price of $45.50.
Get Our Latest Stock Report on Main Street Capital
Main Street Capital Stock Performance
MAIN traded down $0.12 during trading on Thursday, hitting $48.68. The company's stock had a trading volume of 248,594 shares, compared to its average volume of 352,157. Main Street Capital Co. has a one year low of $37.70 and a one year high of $48.86. The business's 50 day simple moving average is $46.43 and its 200-day simple moving average is $43.69. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.14. The firm has a market cap of $4.14 billion, a PE ratio of 9.32 and a beta of 1.29.
Main Street Capital (NYSE:MAIN - Get Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $1.12 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.06. The business had revenue of $129.31 million for the quarter, compared to analysts' expectations of $125.52 million. Main Street Capital had a return on equity of 14.99% and a net margin of 85.62%. As a group, sell-side analysts predict that Main Street Capital Co. will post 4.07 EPS for the current fiscal year.
Main Street Capital Increases Dividend
The company also recently declared a dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 20th were paid a dividend of $0.30 per share. The ex-dividend date was Tuesday, March 19th. This is a boost from Main Street Capital's previous dividend of $0.24. This represents a dividend yield of 8.37%. Main Street Capital's payout ratio is currently 55.17%.
Main Street Capital Profile
(
Free Report)
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.
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