Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Main Street Capital Co. (NYSE:MAIN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 112,969 shares of the financial services provider's stock, valued at approximately $4,884,000. Benjamin F. Edwards & Company Inc. owned approximately 0.13% of Main Street Capital as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of MAIN. SG Americas Securities LLC bought a new stake in shares of Main Street Capital in the 3rd quarter valued at approximately $151,000. Bank of New York Mellon Corp boosted its stake in Main Street Capital by 1.4% during the third quarter. Bank of New York Mellon Corp now owns 124,691 shares of the financial services provider's stock worth $5,066,000 after buying an additional 1,684 shares during the period. Taylor Frigon Capital Management LLC increased its position in Main Street Capital by 2.3% during the third quarter. Taylor Frigon Capital Management LLC now owns 40,273 shares of the financial services provider's stock valued at $1,636,000 after acquiring an additional 911 shares during the last quarter. BluePath Capital Management LLC purchased a new stake in shares of Main Street Capital in the third quarter valued at $81,000. Finally, Paradiem LLC lifted its holdings in shares of Main Street Capital by 7.8% in the 3rd quarter. Paradiem LLC now owns 119,562 shares of the financial services provider's stock worth $4,858,000 after acquiring an additional 8,647 shares during the last quarter. Institutional investors own 20.31% of the company's stock.
Analyst Ratings Changes
A number of analysts recently weighed in on MAIN shares. B. Riley lowered shares of 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. Oppenheimer raised their price target on Main Street Capital from $41.00 to $43.00 and gave the stock a "market perform" rating in a research note on Monday, February 26th. UBS Group upped their price objective 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. Truist Financial lifted their target price on Main Street Capital from $43.00 to $45.00 and gave the stock a "hold" rating in a research report on Monday, February 26th. Finally, Royal Bank of Canada raised their price target 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. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Main Street Capital has an average rating of "Hold" and a consensus target price of $46.17.
Check Out Our Latest Research Report on MAIN
Main Street Capital Stock Up 1.0 %
Shares of MAIN traded up $0.48 during midday trading on Friday, reaching $50.37. 311,907 shares of the stock were exchanged, compared to its average volume of 294,845. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.14. The company's 50 day moving average is $47.07 and its two-hundred day moving average is $44.16. The company has a market capitalization of $4.28 billion, a P/E ratio of 9.65 and a beta of 1.25. Main Street Capital Co. has a 52 week low of $37.70 and a 52 week high of $50.52.
Main Street Capital (NYSE:MAIN - Get Free Report) last posted its 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. Main Street Capital had a net margin of 85.62% and a return on equity of 14.99%. The business had revenue of $129.31 million for the quarter, compared to the consensus estimate of $125.52 million. On average, sell-side analysts anticipate that Main Street Capital Co. will post 4.07 earnings per share for the current year.
Main Street Capital Increases Dividend
The business also recently announced a dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 20th were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, March 19th. This represents a yield of 8.37%. This is a positive change from Main Street Capital's previous dividend of $0.24. Main Street Capital's dividend payout ratio is currently 55.17%.
About Main Street Capital
(
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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