Main Street Capital Co. (NYSE:MAIN) Shares Purchased by PFG Investments LLC

PFG Investments LLC boosted its position in shares of Main Street Capital Co. (NYSE:MAIN) by 1.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,642 shares of the financial services provider’s stock after acquiring an additional 219 shares during the quarter. PFG Investments LLC’s holdings in Main Street Capital were worth $799,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MAIN. Franklin Resources Inc. boosted its stake in shares of Main Street Capital by 19.3% in the 3rd quarter. Franklin Resources Inc. now owns 217,461 shares of the financial services provider’s stock valued at $11,119,000 after buying an additional 35,227 shares during the period. Segment Wealth Management LLC boosted its stake in shares of Main Street Capital by 15.8% in the 4th quarter. Segment Wealth Management LLC now owns 50,368 shares of the financial services provider’s stock valued at $2,951,000 after buying an additional 6,856 shares during the period. Susquehanna Fundamental Investments LLC boosted its stake in shares of Main Street Capital by 238.5% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 34,020 shares of the financial services provider’s stock valued at $1,718,000 after buying an additional 23,970 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Main Street Capital by 9.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 209,924 shares of the financial services provider’s stock valued at $10,526,000 after buying an additional 18,059 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Main Street Capital by 188.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 20,176 shares of the financial services provider’s stock valued at $1,012,000 after buying an additional 13,177 shares during the period. 20.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, B. Riley lifted their price objective on Main Street Capital from $49.00 to $51.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $48.80.

Main Street Capital Trading Up 1.0 %

MAIN opened at $61.33 on Wednesday. The firm has a market cap of $5.41 billion, a price-to-earnings ratio of 11.11 and a beta of 1.28. Main Street Capital Co. has a 52 week low of $43.90 and a 52 week high of $61.44. The business’s 50 day moving average is $57.20 and its two-hundred day moving average is $52.80. 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 (NYSE:MAIN) last released its quarterly earnings results on Thursday, November 7th. The financial services provider reported $1.00 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.02). The firm had revenue of $136.82 million for the quarter, compared to analyst estimates of $137.57 million. Main Street Capital had a return on equity of 13.83% and a net margin of 89.25%. During the same period last year, the firm earned $1.04 EPS. On average, research analysts predict that Main Street Capital Co. will post 4.11 EPS for the current year.

Main Street Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be given a dividend of $0.30 per share. This represents a $3.60 annualized dividend and a yield of 5.87%. The ex-dividend date is Friday, February 7th. Main Street Capital’s dividend payout ratio (DPR) is 54.35%.

About Main Street Capital

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.