International Assets Investment Management LLC Acquires New Shares in Main Street Capital Co. (NYSE:MAIN)

International Assets Investment Management LLC acquired a new stake in Main Street Capital Co. (NYSE:MAIN) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 11,240 shares of the financial services provider’s stock, valued at approximately $486,000.

Several other hedge funds have also recently bought and sold shares of the company. Capital Investment Advisors LLC increased its stake in Main Street Capital by 0.5% in the 4th quarter. Capital Investment Advisors LLC now owns 52,334 shares of the financial services provider’s stock valued at $2,262,000 after purchasing an additional 236 shares in the last quarter. Gradient Investments LLC increased its stake in Main Street Capital by 10.3% in the 4th quarter. Gradient Investments LLC now owns 2,661 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 248 shares in the last quarter. Larson Financial Group LLC increased its stake in Main Street Capital by 0.7% in the 3rd quarter. Larson Financial Group LLC now owns 40,710 shares of the financial services provider’s stock valued at $1,654,000 after purchasing an additional 267 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in Main Street Capital by 3.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 7,706 shares of the financial services provider’s stock valued at $313,000 after buying an additional 269 shares during the last quarter. Finally, Segment Wealth Management LLC grew its holdings in Main Street Capital by 0.7% during the 3rd quarter. Segment Wealth Management LLC now owns 42,069 shares of the financial services provider’s stock valued at $1,709,000 after buying an additional 310 shares during the last quarter. 20.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MAIN has been the topic of a number of analyst reports. Oppenheimer increased their target price on Main Street Capital from $41.00 to $43.00 and gave the company a “market perform” rating in a report on Monday, February 26th. Truist Financial increased their target price on Main Street Capital from $43.00 to $45.00 and gave the company a “hold” rating in a report on Monday, February 26th. B. Riley cut Main Street Capital from a “buy” rating to a “neutral” rating and set a $47.00 target price on the stock. in a report on Monday, January 8th. Royal Bank of Canada increased their target price on Main Street Capital from $46.00 to $48.00 and gave the company an “outperform” rating in a report on Monday, January 22nd. Finally, UBS Group increased their target price on Main Street Capital from $43.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $45.50.

Main Street Capital Price Performance

MAIN stock opened at $48.68 on Friday. Main Street Capital Co. has a 52-week low of $37.70 and a 52-week high of $48.86. The stock’s fifty day simple moving average is $46.50 and its 200-day simple moving average is $43.73. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 9.33 and a beta of 1.29.

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

Main Street Capital Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 20th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a yield of 8.37%. This is a boost from Main Street Capital’s previous dividend of $0.24. Main Street Capital’s dividend payout ratio (DPR) is presently 55.17%.

Main Street Capital 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.