GWN Securities Inc. Purchases Shares of 4,392 Main Street Capital Co. (NYSE:MAIN)

GWN Securities Inc. purchased a new stake in Main Street Capital Co. (NYSE:MAIN) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 4,392 shares of the financial services provider’s stock, valued at approximately $269,000.

A number of other institutional investors have also recently made changes to their positions in the stock. US Bancorp DE grew its position in shares of Main Street Capital by 8.4% in the 4th quarter. US Bancorp DE now owns 2,579 shares of the financial services provider’s stock valued at $151,000 after buying an additional 200 shares during the last quarter. Widmann Financial Services Inc. lifted its stake 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 valued at $1,153,000 after purchasing an additional 202 shares during the period. IHT Wealth Management LLC lifted its stake in shares of Main Street Capital by 0.3% in the 3rd quarter. IHT Wealth Management LLC now owns 63,628 shares of the financial services provider’s stock valued at $3,190,000 after purchasing an additional 218 shares during the period. PFG Investments LLC lifted its stake in shares of Main Street Capital by 1.6% in the 4th quarter. PFG Investments LLC now owns 13,642 shares of the financial services provider’s stock valued at $799,000 after purchasing an additional 219 shares during the period. Finally, Harbour Investments Inc. lifted its stake in shares of Main Street Capital by 6.9% in the 4th quarter. Harbour Investments Inc. now owns 3,512 shares of the financial services provider’s stock valued at $206,000 after purchasing an additional 228 shares during the period. Institutional investors own 20.31% of the company’s stock.

Main Street Capital Stock Up 1.5 %

MAIN stock opened at $57.13 on Tuesday. The stock’s 50 day simple moving average is $59.83 and its 200 day simple moving average is $55.24. Main Street Capital Co. has a fifty-two week low of $45.00 and a fifty-two week high of $63.32. 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 company has a market cap of $5.06 billion, a P/E ratio of 10.35 and a beta of 1.26.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings results on Thursday, February 27th. The financial services provider reported $1.02 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.06). Main Street Capital had a return on equity of 13.83% and a net margin of 89.25%. The firm had revenue of $140.44 million for the quarter, compared to analyst estimates of $141.40 million. On average, research analysts expect that Main Street Capital Co. will post 4.11 earnings per share for the current fiscal year.

Main Street Capital Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 21st will be paid a dividend of $0.30 per share. This is an increase from Main Street Capital’s previous dividend of $0.25. This represents a yield of 7.24%. The ex-dividend date is Thursday, March 20th. Main Street Capital’s dividend payout ratio is 51.37%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial boosted their price objective on Main Street Capital from $52.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, March 3rd.

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.