Mutual Advisors LLC Has $807,000 Stake in Main Street Capital Co. (NYSE:MAIN)

Mutual Advisors LLC decreased its holdings in shares of Main Street Capital Co. (NYSE:MAIN) by 7.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,339 shares of the financial services provider’s stock after selling 1,124 shares during the quarter. Mutual Advisors LLC’s holdings in Main Street Capital were worth $807,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in MAIN. Van ECK Associates Corp lifted its stake in Main Street Capital by 3.9% in the third quarter. Van ECK Associates Corp now owns 1,195,476 shares of the financial services provider’s stock valued at $61,758,000 after acquiring an additional 45,381 shares during the last quarter. Adell Harriman & Carpenter Inc. lifted its stake in Main Street Capital by 3.5% in the third quarter. Adell Harriman & Carpenter Inc. now owns 419,255 shares of the financial services provider’s stock valued at $21,021,000 after acquiring an additional 14,045 shares during the last quarter. Paradiem LLC lifted its stake in Main Street Capital by 0.3% in the fourth quarter. Paradiem LLC now owns 280,593 shares of the financial services provider’s stock valued at $16,437,000 after acquiring an additional 732 shares during the last quarter. Franklin Resources Inc. lifted its stake in Main Street Capital by 19.3% in the third quarter. Franklin Resources Inc. now owns 217,461 shares of the financial services provider’s stock valued at $11,119,000 after acquiring an additional 35,227 shares during the last quarter. Finally, Muzinich & Co. Inc. lifted its stake in Main Street Capital by 9.3% in the third quarter. Muzinich & Co. Inc. now owns 212,384 shares of the financial services provider’s stock valued at $10,649,000 after acquiring an additional 18,059 shares during the last quarter. Institutional investors and hedge funds own 20.31% of the company’s stock.

Analysts Set New Price Targets

Separately, B. Riley raised their target price 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. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Main Street Capital has an average rating of “Hold” and an average price target of $48.80.

Main Street Capital Stock Performance

NYSE MAIN opened at $61.13 on Monday. The firm has a 50-day moving average of $56.88 and a 200-day moving average of $52.67. 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 stock has a market cap of $5.39 billion, a PE ratio of 11.07 and a beta of 1.28. Main Street Capital Co. has a 52-week low of $43.90 and a 52-week high of $61.37.

Main Street Capital (NYSE:MAIN) last posted 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). Main Street Capital had a return on equity of 13.83% and a net margin of 89.25%. The company had revenue of $136.82 million for the quarter, compared to analyst estimates of $137.57 million. During the same quarter in the prior year, the business posted $1.04 EPS. On average, sell-side analysts anticipate that Main Street Capital Co. will post 4.11 EPS for the current year.

Main Street Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be given a dividend of $0.30 per share. This represents a $3.60 dividend on an annualized basis and a yield of 5.89%. The ex-dividend date is Friday, February 7th. Main Street Capital’s dividend payout ratio is 54.35%.

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.