Signaturefd LLC Boosts Holdings in Main Street Capital Co. (NYSE:MAIN)

Signaturefd LLC grew its position in shares of Main Street Capital Co. (NYSE:MAIN) by 34.2% in the fourth quarter, Holdings Channel reports. The firm owned 1,494 shares of the financial services provider’s stock after purchasing an additional 381 shares during the period. Signaturefd LLC’s holdings in Main Street Capital were worth $88,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Raymond James Financial Inc. bought a new position in Main Street Capital in the 4th quarter worth about $10,460,000. Benjamin Edwards Inc. increased its position in shares of Main Street Capital by 971.3% in the third quarter. Benjamin Edwards Inc. now owns 141,165 shares of the financial services provider’s stock worth $7,078,000 after purchasing an additional 127,988 shares during the last quarter. Morgan Dempsey Capital Management LLC purchased a new stake in Main Street Capital in the fourth quarter valued at approximately $6,007,000. Van ECK Associates Corp lifted its position in Main Street Capital by 7.8% during the fourth quarter. Van ECK Associates Corp now owns 1,288,309 shares of the financial services provider’s stock valued at $75,469,000 after purchasing an additional 92,833 shares during the last quarter. Finally, Strategic Financial Concepts LLC purchased a new position in Main Street Capital in the 4th quarter worth approximately $2,626,000. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Main Street Capital Stock Up 1.9 %

Shares of NYSE MAIN opened at $58.62 on Tuesday. The stock has a market capitalization of $5.19 billion, a P/E ratio of 10.62 and a beta of 1.26. Main Street Capital Co. has a one year low of $45.00 and a one year high of $63.32. The firm’s 50 day simple moving average is $59.82 and its two-hundred day simple moving average is $55.54. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08.

Main Street Capital (NYSE:MAIN) last issued its earnings results on Thursday, February 27th. The financial services provider reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.06). Main Street Capital had a return on equity of 13.83% and a net margin of 89.25%. The business had revenue of $140.44 million during the quarter, compared to analysts’ expectations of $141.40 million. As a group, analysts expect that Main Street Capital Co. will post 4.11 EPS for the current fiscal year.

Main Street Capital Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 21st will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, March 20th. This is a boost from Main Street Capital’s previous dividend of $0.25. This represents a yield of 7.11%. Main Street Capital’s dividend payout ratio is currently 51.37%.

Analyst Upgrades and Downgrades

Separately, Truist Financial lifted their price objective on shares of Main Street Capital from $52.00 to $62.00 and gave the stock a “hold” rating in a 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.