22,644 Shares in Main Street Capital Co. (NYSE:MAIN) Bought by Wealthstar Advisors LLC

Wealthstar Advisors LLC purchased a new position in shares of Main Street Capital Co. (NYSE:MAIN) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 22,644 shares of the financial services provider’s stock, valued at approximately $1,326,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Godsey & Gibb Inc. purchased a new stake in Main Street Capital during the 3rd quarter worth $28,000. Truvestments Capital LLC purchased a new stake in shares of Main Street Capital in the third quarter worth about $39,000. Prospera Private Wealth LLC acquired a new stake in shares of Main Street Capital in the third quarter valued at about $50,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Main Street Capital during the 3rd quarter valued at about $50,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Main Street Capital by 59.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,089 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 405 shares in the last quarter. 20.31% of the stock is owned by institutional investors and hedge funds.

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 company a “neutral” rating in a research report on Monday, November 11th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Main Street Capital has an average rating of “Hold” and an average price target of $48.80.

Main Street Capital Trading Down 0.1 %

NYSE:MAIN opened at $61.06 on Monday. The stock has a market cap of $5.38 billion, a price-to-earnings ratio of 11.06 and a beta of 1.28. Main Street Capital Co. has a one year low of $43.90 and a one year high of $62.19. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.08 and a current ratio of 0.08. The business’s 50-day simple moving average is $58.33 and its 200 day simple moving average is $53.38.

Main Street Capital (NYSE:MAIN) last announced its earnings results on Thursday, November 7th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.02). The business had revenue of $136.82 million during the quarter, compared to analyst estimates 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 in the previous year, the company earned $1.04 earnings per share. As a group, sell-side 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 business also recently disclosed a dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 10th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, February 7th. This represents a yield of 4.91%. Main Street Capital’s dividend payout ratio (DPR) is 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.