Morgan Dempsey Capital Management LLC Makes New Investment in Main Street Capital Co. (NYSE:MAIN)

Morgan Dempsey Capital Management LLC acquired a new position in Main Street Capital Co. (NYSE:MAIN) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 102,025 shares of the financial services provider’s stock, valued at approximately $6,007,000. Main Street Capital makes up 2.4% of Morgan Dempsey Capital Management LLC’s holdings, making the stock its 22nd biggest holding. Morgan Dempsey Capital Management LLC owned 0.12% of Main Street Capital at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MAIN. US Bancorp DE raised its stake in shares of Main Street Capital by 8.4% in the 4th quarter. US Bancorp DE now owns 2,579 shares of the financial services provider’s stock valued at $151,000 after purchasing an additional 200 shares in the last quarter. Widmann Financial Services Inc. raised its stake in shares of Main Street Capital by 0.9% in the 3rd quarter. Widmann Financial Services Inc. now owns 22,990 shares of the financial services provider’s stock valued at $1,153,000 after purchasing an additional 202 shares in the last quarter. IHT Wealth Management LLC raised its stake in shares of Main Street Capital by 0.3% in the 3rd quarter. IHT Wealth Management LLC now owns 63,628 shares of the financial services provider’s stock valued at $3,190,000 after purchasing an additional 218 shares in the last quarter. PFG Investments LLC raised its stake in shares of Main Street Capital by 1.6% in the 4th quarter. PFG Investments LLC now owns 13,642 shares of the financial services provider’s stock valued at $799,000 after purchasing an additional 219 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its stake in shares of Main Street Capital by 7.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 3,509 shares of the financial services provider’s stock valued at $176,000 after purchasing an additional 229 shares in the last quarter. Institutional investors and hedge funds own 20.31% of the company’s stock.

Main Street Capital Price Performance

MAIN opened at $60.72 on Friday. The firm has a market cap of $5.35 billion, a price-to-earnings ratio of 11.00 and a beta of 1.28. Main Street Capital Co. has a fifty-two week low of $45.00 and a fifty-two week high of $63.32. The company’s 50-day moving average price is $60.00 and its 200 day moving average price is $54.53. 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 data on Thursday, February 27th. The financial services provider reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.06). The business had revenue of $140.44 million for the quarter, compared to analyst estimates of $141.40 million. Main Street Capital had a return on equity of 13.83% and a net margin of 89.25%. As a group, sell-side analysts expect that Main Street Capital Co. will post 4.11 earnings per share for the current year.

Main Street Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, June 6th will be given a $0.25 dividend. This represents a $3.00 annualized dividend and a yield of 4.94%. The ex-dividend date is Friday, June 6th. Main Street Capital’s dividend payout ratio (DPR) is 54.35%.

Analysts Set New Price Targets

Separately, B. Riley increased their price objective on shares of Main Street Capital from $49.00 to $51.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th.

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.