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

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

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

Analyst Upgrades and Downgrades

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

Main Street Capital Price Performance

Shares of NYSE:MAIN opened at $61.06 on Monday. 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 fifty day moving average price is $58.33 and its two-hundred day moving average price is $53.38. The stock has a market cap of $5.38 billion, a PE 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.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings data on Thursday, November 7th. The financial services provider reported $1.00 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 analysts’ expectations of $137.57 million. During the same quarter in the prior year, the business posted $1.04 EPS. On average, analysts forecast that Main Street Capital Co. will post 4.11 EPS for the current fiscal year.

Main Street Capital Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 10th will be paid a dividend of $0.25 per share. This represents a dividend yield of 4.91%. The ex-dividend date of this dividend is Friday, February 7th. Main Street Capital’s 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.