Paradiem LLC boosted its stake in shares of Main Street Capital Co. (NYSE:MAIN - Free Report) by 53.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 183,490 shares of the financial services provider's stock after purchasing an additional 63,928 shares during the period. Main Street Capital makes up approximately 2.2% of Paradiem LLC's portfolio, making the stock its 11th biggest holding. Paradiem LLC owned 0.22% of Main Street Capital worth $7,932,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Larson Financial Group LLC grew its position in Main Street Capital by 0.6% during the 4th quarter. Larson Financial Group LLC now owns 40,973 shares of the financial services provider's stock worth $1,771,000 after purchasing an additional 263 shares during the period. Signaturefd LLC grew its position in shares of Main Street Capital by 41.5% during the 4th quarter. Signaturefd LLC now owns 1,726 shares of the financial services provider's stock valued at $75,000 after acquiring an additional 506 shares during the period. J.W. Cole Advisors Inc. grew its position in shares of Main Street Capital by 15.1% during the 4th quarter. J.W. Cole Advisors Inc. now owns 12,617 shares of the financial services provider's stock valued at $545,000 after acquiring an additional 1,653 shares during the period. Hamilton Point Investment Advisors LLC grew its position in shares of Main Street Capital by 1.7% during the 4th quarter. Hamilton Point Investment Advisors LLC now owns 115,994 shares of the financial services provider's stock valued at $5,014,000 after acquiring an additional 1,949 shares during the period. Finally, Koshinski Asset Management Inc. acquired a new stake in shares of Main Street Capital during the 4th quarter valued at about $336,000. 20.31% of the stock is owned by institutional investors and hedge funds.
Main Street Capital Price Performance
Main Street Capital stock traded up $0.45 during midday trading on Friday, reaching $49.13. The company had a trading volume of 268,100 shares, compared to its average volume of 298,311. The company has a market capitalization of $4.18 billion, a P/E ratio of 9.41 and a beta of 1.29. Main Street Capital Co. has a 12-month low of $37.70 and a 12-month high of $49.28. The firm's fifty day simple moving average is $46.59 and its 200-day simple moving average is $43.84. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.09 and a quick ratio of 0.09.
Main Street Capital (NYSE:MAIN - Get Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $1.12 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.06. The firm had revenue of $129.31 million for the quarter, compared to analyst estimates of $125.52 million. Main Street Capital had a net margin of 85.62% and a return on equity of 14.99%. As a group, equities analysts anticipate that Main Street Capital Co. will post 4.07 EPS for the current year.
Main Street Capital Increases Dividend
The firm also recently announced a dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 20th were paid a $0.30 dividend. This represents a yield of 8.37%. This is a positive change from Main Street Capital's previous dividend of $0.24. The ex-dividend date was Tuesday, March 19th. Main Street Capital's dividend payout ratio (DPR) is 55.17%.
Wall Street Analysts Forecast Growth
MAIN has been the topic of a number of analyst reports. B. Riley cut Main Street Capital from a "buy" rating to a "neutral" rating and set a $47.00 target price on the stock. in a research report on Monday, January 8th. Royal Bank of Canada raised their target price on Main Street Capital from $46.00 to $48.00 and gave the company an "outperform" rating in a research report on Monday, January 22nd. UBS Group raised their target price on Main Street Capital from $43.00 to $45.00 and gave the company a "neutral" rating in a research report on Friday, March 1st. Oppenheimer raised their target price on Main Street Capital from $41.00 to $43.00 and gave the company a "market perform" rating in a research report on Monday, February 26th. Finally, Truist Financial raised their price target on shares of Main Street Capital from $43.00 to $45.00 and gave the company a "hold" rating in a research note on Monday, February 26th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Main Street Capital presently has a consensus rating of "Hold" and a consensus price target of $45.50.
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About Main Street Capital
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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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