Commonwealth Equity Services LLC Sells 3,013 Shares of Main Street Capital Co. (NYSE:MAIN)

Commonwealth Equity Services LLC lessened its holdings in Main Street Capital Co. (NYSE:MAIN) by 2.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 107,268 shares of the financial services provider’s stock after selling 3,013 shares during the period. Commonwealth Equity Services LLC’s holdings in Main Street Capital were worth $6,284,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Asset Planning Inc acquired a new stake in Main Street Capital during the 4th quarter valued at approximately $29,000. Truvestments Capital LLC acquired a new stake in Main Street Capital during the 3rd quarter valued at approximately $39,000. Prospera Private Wealth LLC acquired a new stake in Main Street Capital during the 3rd quarter valued at approximately $50,000. Wilmington Savings Fund Society FSB acquired a new stake in Main Street Capital during the 3rd quarter valued at approximately $50,000. Finally, AdvisorNet Financial Inc increased its position in Main Street Capital by 145.8% during the 4th quarter. AdvisorNet Financial Inc now owns 1,229 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 729 shares during the period. Institutional investors own 20.31% of the company’s stock.

Main Street Capital Stock Performance

Shares of MAIN stock opened at $57.62 on Friday. The firm has a 50 day moving average of $59.80 and a 200-day moving average of $55.39. Main Street Capital Co. has a 52 week low of $45.00 and a 52 week high of $63.32. 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 market cap of $5.10 billion, a price-to-earnings ratio of 10.44 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 (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.06). Main Street Capital had a net margin of 89.25% and a return on equity of 13.83%. The business had revenue of $140.44 million during the quarter, compared to analyst estimates of $141.40 million. On average, equities analysts forecast that Main Street Capital Co. will post 4.11 earnings per share for the current year.

Main Street Capital Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 21st will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a yield of 7.11%. This is an increase from Main Street Capital’s previous dividend of $0.25. Main Street Capital’s dividend payout ratio (DPR) is presently 51.37%.

Analysts Set New Price Targets

Separately, Truist Financial increased their target price on shares of Main Street Capital from $52.00 to $62.00 and gave the company a “hold” rating in a research report 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.