Capital Performance Advisors LLP Takes Position in Main Street Capital Co. (NYSE:MAIN)

Capital Performance Advisors LLP acquired a new position in Main Street Capital Co. (NYSE:MAIN) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 10,516 shares of the financial services provider’s stock, valued at approximately $455,000.

A number of other large investors have also recently added to or reduced their stakes in MAIN. Paradiem LLC raised its holdings in shares of Main Street Capital by 53.5% in the fourth quarter. Paradiem LLC now owns 183,490 shares of the financial services provider’s stock worth $7,932,000 after acquiring an additional 63,928 shares during the last quarter. DNB Asset Management AS lifted its holdings in Main Street Capital by 71.7% in the 4th quarter. DNB Asset Management AS now owns 87,406 shares of the financial services provider’s stock valued at $3,779,000 after purchasing an additional 36,498 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Main Street Capital by 12.4% during the 3rd quarter. Van ECK Associates Corp now owns 805,063 shares of the financial services provider’s stock worth $32,709,000 after purchasing an additional 88,802 shares during the last quarter. SMH Capital Advisors Inc. purchased a new stake in shares of Main Street Capital during the third quarter worth about $738,000. Finally, Tudor Investment Corp Et Al acquired a new position in shares of Main Street Capital in the third quarter valued at approximately $6,538,000. 20.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on the stock. B. Riley cut shares of Main Street Capital from a “buy” rating to a “neutral” rating and set a $47.00 target price for the company. in a research note on Monday, January 8th. Oppenheimer lifted their price objective on 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. Truist Financial increased their target price on Main Street Capital from $43.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, February 26th. Royal Bank of Canada upped their price objective on shares of Main Street Capital from $48.00 to $52.00 and gave the company an “outperform” rating in a research note on Tuesday, April 30th. Finally, UBS Group raised their target price on shares of Main Street Capital from $43.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Main Street Capital presently has a consensus rating of “Hold” and a consensus price target of $46.17.

Main Street Capital Trading Up 1.1 %

Shares of NYSE MAIN traded up $0.53 during midday trading on Monday, hitting $50.90. The stock had a trading volume of 413,723 shares, compared to its average volume of 350,358. The company has a market capitalization of $4.33 billion, a price-to-earnings ratio of 9.75 and a beta of 1.25. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.14. Main Street Capital Co. has a 1-year low of $37.70 and a 1-year high of $50.90. The company has a fifty day moving average price of $47.17 and a 200 day moving average price of $44.27.

Main Street Capital (NYSE:MAIN) last issued its earnings results on Thursday, February 22nd. The financial services provider reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. Main Street Capital had a net margin of 85.62% and a return on equity of 14.99%. The business had revenue of $129.31 million for the quarter, compared to the consensus estimate of $125.52 million. On average, analysts predict that Main Street Capital Co. will post 4.07 earnings per share for the current year.

Main Street Capital Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 20th were given a $0.30 dividend. 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. This represents a yield of 8.37%. Main Street Capital’s dividend payout ratio (DPR) is 55.17%.

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.