Strategic Financial Concepts LLC Buys New Position in Main Street Capital Co. (NYSE:MAIN)

Strategic Financial Concepts LLC purchased a new position in Main Street Capital Co. (NYSE:MAIN) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 44,828 shares of the financial services provider’s stock, valued at approximately $2,626,000. Strategic Financial Concepts LLC owned approximately 0.05% of Main Street Capital at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MAIN. Godsey & Gibb Inc. bought a new position in Main Street Capital during the third quarter valued at approximately $28,000. Truvestments Capital LLC purchased a new stake in shares of Main Street Capital in the 3rd quarter valued at $39,000. Prospera Private Wealth LLC bought a new position in shares of Main Street Capital during the 3rd quarter valued at $50,000. Wilmington Savings Fund Society FSB purchased a new position in Main Street Capital in the 3rd quarter worth $50,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Main Street Capital by 59.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,089 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 405 shares during the last quarter. Institutional investors own 20.31% of the company’s stock.

Main Street Capital Trading Down 0.1 %

NYSE:MAIN opened at $61.06 on Monday. The firm has a market capitalization of $5.38 billion, a P/E ratio of 11.06 and a beta of 1.28. Main Street Capital Co. has a 52 week low of $43.90 and a 52 week high of $62.19. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.13. The company has a fifty day moving average of $58.33 and a 200 day moving average of $53.38.

Main Street Capital (NYSE:MAIN) last posted its earnings results on Thursday, November 7th. The financial services provider reported $1.00 earnings per share 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 firm 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 company posted $1.04 earnings per share. On average, research analysts predict that Main Street Capital Co. will post 4.11 earnings per share for the current year.

Main Street Capital Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 10th will be issued a $0.25 dividend. This represents a yield of 4.91%. The ex-dividend date is Friday, February 7th. Main Street Capital’s dividend payout ratio (DPR) is currently 54.35%.

Analysts Set New Price Targets

Separately, B. Riley raised their price objective on Main Street Capital from $49.00 to $51.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $48.80.

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.