Main Street Capital Co. (NYSE:MAIN) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp boosted its position in Main Street Capital Co. (NYSE:MAIN - Free Report) by 10.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 886,026 shares of the financial services provider's stock after purchasing an additional 80,963 shares during the quarter. Van ECK Associates Corp owned approximately 1.06% of Main Street Capital worth $38,303,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MAIN. Signaturefd LLC raised its stake in Main Street Capital by 157.9% during the third quarter. Signaturefd LLC now owns 1,220 shares of the financial services provider's stock valued at $50,000 after buying an additional 747 shares during the last quarter. Hexagon Capital Partners LLC raised its position in shares of Main Street Capital by 23.8% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,744 shares of the financial services provider's stock worth $71,000 after purchasing an additional 335 shares during the last quarter. BluePath Capital Management LLC bought a new position in Main Street Capital in the 3rd quarter worth about $81,000. AdvisorNet Financial Inc grew its position in Main Street Capital by 938.0% during the 4th quarter. AdvisorNet Financial Inc now owns 2,128 shares of the financial services provider's stock valued at $92,000 after purchasing an additional 1,923 shares during the last quarter. Finally, Tucker Asset Management LLC increased its stake in Main Street Capital by 262.3% during the 3rd quarter. Tucker Asset Management LLC now owns 2,420 shares of the financial services provider's stock valued at $98,000 after purchasing an additional 1,752 shares in the last quarter. 20.31% of the stock is currently owned by institutional investors.

Main Street Capital Stock Performance

Shares of MAIN stock traded up $0.55 on Wednesday, reaching $50.15. The stock had a trading volume of 385,627 shares, compared to its average volume of 351,162. The stock has a market cap of $4.26 billion, a P/E ratio of 9.61 and a beta of 1.29. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.09 and a current ratio of 0.09. Main Street Capital Co. has a 1 year low of $37.70 and a 1 year high of $50.42. The company has a 50 day simple moving average of $46.78 and a 200 day simple moving average of $43.98.

Main Street Capital (NYSE:MAIN - Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.06. Main Street Capital had a return on equity of 14.99% and a net margin of 85.62%. The business had revenue of $129.31 million during the quarter, compared to the consensus estimate of $125.52 million. Equities research analysts expect that Main Street Capital Co. will post 4.07 EPS for the current year.

Main Street Capital Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 20th were paid a dividend of $0.30 per share. This represents a dividend yield of 8.37%. The ex-dividend date was Tuesday, March 19th. This is a boost from Main Street Capital's previous dividend of $0.24. Main Street Capital's dividend payout ratio (DPR) is currently 55.17%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Royal Bank of Canada upped their target price on shares of Main Street Capital from $48.00 to $52.00 and gave the stock an "outperform" rating in a research note on Tuesday. Oppenheimer increased their target price on 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. Truist Financial boosted their price target on Main Street Capital from $43.00 to $45.00 and gave the stock a "hold" rating in a research note on Monday, February 26th. B. Riley cut Main Street Capital from a "buy" rating to a "neutral" rating and set a $47.00 price objective on the stock. in a research report on Monday, January 8th. Finally, UBS Group boosted their target price 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 given a buy rating to the company. According to data from MarketBeat, Main Street Capital currently has a consensus rating of "Hold" and an average price target of $46.17.

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.