Main Street Capital Co. (NYSE:MAIN) Shares Purchased by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC increased its holdings in shares of Main Street Capital Co. (NYSE:MAIN) by 58.8% in the fourth quarter, Holdings Channel reports. The firm owned 12,105 shares of the financial services provider’s stock after buying an additional 4,480 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Main Street Capital were worth $523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of MAIN. PNC Financial Services Group Inc. boosted its stake in Main Street Capital by 11.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,504 shares of the financial services provider’s stock worth $363,000 after purchasing an additional 904 shares during the period. Merit Financial Group LLC acquired a new stake in shares of Main Street Capital in the 1st quarter worth $274,000. SS&H Financial Advisors Inc. acquired a new stake in shares of Main Street Capital in the 1st quarter worth $1,079,000. Northern Trust Corp lifted its stake in shares of Main Street Capital by 40.1% in the 1st quarter. Northern Trust Corp now owns 47,333 shares of the financial services provider’s stock worth $2,018,000 after acquiring an additional 13,542 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Main Street Capital by 6.9% in the 1st quarter. Invesco Ltd. now owns 43,655 shares of the financial services provider’s stock worth $1,861,000 after acquiring an additional 2,814 shares during the period. Institutional investors and hedge funds own 20.31% of the company’s stock.

Main Street Capital Price Performance

Shares of NYSE MAIN traded up $0.53 during midday trading on Thursday, hitting $47.31. The company had a trading volume of 392,844 shares, compared to its average volume of 364,055. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.14. Main Street Capital Co. has a twelve month low of $37.70 and a twelve month high of $47.38. The business has a 50-day simple moving average of $45.53 and a two-hundred day simple moving average of $42.74. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 9.06 and a beta of 1.28.

Main Street Capital (NYSE:MAIN) last posted its earnings results on Thursday, February 22nd. The financial services provider reported $1.12 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $129.31 million during the quarter, compared to the consensus estimate of $125.52 million. Equities research analysts anticipate that Main Street Capital Co. will post 4.07 earnings per share 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 issued a dividend of $0.30 per share. This is an increase from Main Street Capital’s previous dividend of $0.24. This represents a yield of 8.37%. The ex-dividend date was Tuesday, March 19th. Main Street Capital’s dividend payout ratio (DPR) is 55.17%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MAIN. Truist Financial raised their target price on shares of Main Street Capital from $43.00 to $45.00 and gave the stock a “hold” rating in a research note on Monday, February 26th. Oppenheimer raised their target price on shares of 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 raised their target price on shares of Main Street Capital from $43.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. B. Riley cut shares of Main Street Capital from a “buy” rating to a “neutral” rating and set a $47.00 target price for the company. in a research note on Monday, January 8th. Finally, Royal Bank of Canada raised their price objective on shares of Main Street Capital from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Monday, January 22nd. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $45.50.

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.