Main Street Capital Co. (NYSE:MAIN) Stock Position Raised by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC boosted its stake in Main Street Capital Co. (NYSE:MAIN) by 8.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,224 shares of the financial services provider’s stock after buying an additional 2,836 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Main Street Capital were worth $1,609,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MAIN. SG Americas Securities LLC purchased a new stake in Main Street Capital in the 3rd quarter worth approximately $151,000. Uncommon Cents Investing LLC acquired a new position in Main Street Capital in the 3rd quarter valued at $310,000. Callahan Advisors LLC grew its stake in Main Street Capital by 5.2% in the 3rd quarter. Callahan Advisors LLC now owns 14,545 shares of the financial services provider’s stock valued at $591,000 after buying an additional 715 shares during the last quarter. Hexagon Capital Partners LLC grew its stake in 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 valued at $71,000 after buying an additional 335 shares during the last quarter. Finally, Tectonic Advisors LLC grew its stake in Main Street Capital by 12.2% in the 3rd quarter. Tectonic Advisors LLC now owns 116,343 shares of the financial services provider’s stock valued at $4,727,000 after buying an additional 12,674 shares during the last quarter. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Main Street Capital Trading Up 0.9 %

Shares of MAIN stock traded up $0.45 on Friday, reaching $49.13. 268,100 shares of the stock were exchanged, compared to its average volume of 298,311. The stock has a market cap of $4.18 billion, a PE ratio of 9.41 and a beta of 1.29. Main Street Capital Co. has a one year low of $37.70 and a one year high of $49.28. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.09 and a quick ratio of 0.09. The stock has a 50 day moving average price of $46.59 and a 200 day moving average price of $43.82.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $1.12 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $129.31 million during the quarter, compared to analysts’ expectations of $125.52 million. Equities research analysts forecast that Main Street Capital Co. will post 4.07 EPS for the current fiscal year.

Main Street Capital Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 20th were paid a $0.30 dividend. This represents a yield of 8.37%. This is an increase from Main Street Capital’s previous dividend of $0.24. The ex-dividend date of this dividend was Tuesday, March 19th. Main Street Capital’s dividend payout ratio (DPR) is currently 55.17%.

Analyst Upgrades and Downgrades

MAIN has been the topic of a number of research analyst reports. Royal Bank of Canada raised their target price 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. UBS Group raised their target price on shares of Main Street Capital from $43.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Truist Financial raised their target price on shares of Main Street Capital from $43.00 to $45.00 and gave the company a “hold” rating in a research note on Monday, February 26th. B. Riley downgraded 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 report on Monday, January 8th. Finally, Oppenheimer upped their price objective on shares of Main Street Capital from $41.00 to $43.00 and gave the company a “market perform” rating in a research report on Monday, February 26th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Main Street Capital presently has an average rating of “Hold” and an average price target of $45.50.

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.