44,828 Shares in Main Street Capital Co. (NYSE:MAIN) Purchased by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC acquired a new position in Main Street Capital Co. (NYSE:MAIN) in the 4th quarter, Holdings Channel reports. The firm acquired 44,828 shares of the financial services provider’s stock, valued at approximately $2,626,000.

Several other large investors have also bought and sold shares of the company. Widmann Financial Services Inc. raised its position 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 worth $1,153,000 after acquiring an additional 202 shares in the last quarter. IHT Wealth Management LLC raised its holdings in Main Street Capital by 0.3% in the third quarter. IHT Wealth Management LLC now owns 63,628 shares of the financial services provider’s stock worth $3,190,000 after purchasing an additional 218 shares in the last quarter. PFG Investments LLC lifted its position in Main Street Capital by 1.6% during the fourth quarter. PFG Investments LLC now owns 13,642 shares of the financial services provider’s stock valued at $799,000 after buying an additional 219 shares during the period. Sunbelt Securities Inc. boosted its holdings in shares of Main Street Capital by 7.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 3,509 shares of the financial services provider’s stock valued at $176,000 after buying an additional 229 shares in the last quarter. Finally, CAP Partners LLC grew its position in shares of Main Street Capital by 6.4% in the 3rd quarter. CAP Partners LLC now owns 4,290 shares of the financial services provider’s stock worth $215,000 after buying an additional 258 shares during the period. 20.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Main Street Capital Trading Down 0.1 %

Main Street Capital stock opened at $61.06 on Monday. Main Street Capital Co. has a 12 month low of $43.90 and a 12 month high of $62.19. The company has a market capitalization of $5.38 billion, a price-to-earnings ratio of 11.06 and a beta of 1.28. The business’s fifty day simple moving average is $58.33 and its two-hundred day simple moving average is $53.38. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13.

Main Street Capital (NYSE:MAIN) last announced its quarterly earnings data 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 analysts’ expectations of $137.57 million. Main Street Capital had a net margin of 89.25% and a return on equity of 13.83%. During the same period last year, the company posted $1.04 earnings per share. As a group, equities analysts predict that Main Street Capital Co. will post 4.11 earnings per share for the current fiscal year.

Main Street Capital Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 10th will be paid a $0.25 dividend. The ex-dividend date is Friday, February 7th. This represents a dividend yield of 4.91%. Main Street Capital’s dividend payout ratio is presently 54.35%.

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.