Paradiem LLC Has $16.44 Million Stock Holdings in Main Street Capital Co. (NYSE:MAIN)

Paradiem LLC boosted its position in shares of Main Street Capital Co. (NYSE:MAIN) by 0.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 280,593 shares of the financial services provider’s stock after purchasing an additional 732 shares during the quarter. Main Street Capital comprises 4.4% of Paradiem LLC’s holdings, making the stock its 3rd biggest position. Paradiem LLC’s holdings in Main Street Capital were worth $16,437,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MAIN. Widmann Financial Services Inc. increased its stake in shares of Main Street Capital by 0.9% in the 3rd quarter. Widmann Financial Services Inc. now owns 22,990 shares of the financial services provider’s stock valued at $1,153,000 after acquiring an additional 202 shares during the last quarter. IHT Wealth Management LLC increased its stake in shares of Main Street Capital by 0.3% in the 3rd quarter. IHT Wealth Management LLC now owns 63,628 shares of the financial services provider’s stock valued at $3,190,000 after acquiring an additional 218 shares during the last quarter. Sunbelt Securities Inc. increased its stake in shares of Main Street Capital by 7.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 3,509 shares of the financial services provider’s stock valued at $176,000 after acquiring an additional 229 shares during the last quarter. CAP Partners LLC increased its stake in shares of Main Street Capital by 6.4% in the 3rd quarter. CAP Partners LLC now owns 4,290 shares of the financial services provider’s stock valued at $215,000 after acquiring an additional 258 shares during the last quarter. Finally, Segment Wealth Management LLC increased its stake in shares of Main Street Capital by 0.7% in the 3rd quarter. Segment Wealth Management LLC now owns 43,512 shares of the financial services provider’s stock valued at $2,182,000 after acquiring an additional 287 shares during the last quarter. 20.31% of the stock is owned by institutional investors.

Main Street Capital Price Performance

Shares of MAIN opened at $60.71 on Thursday. Main Street Capital Co. has a 52-week low of $43.90 and a 52-week high of $60.98. 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 stock has a 50 day simple moving average of $56.36 and a 200 day simple moving average of $52.48. The firm has a market capitalization of $5.35 billion, a PE ratio of 11.00 and a beta of 1.28.

Main Street Capital (NYSE:MAIN) last released its quarterly 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 analyst estimates of $137.57 million. During the same period last year, the company earned $1.04 EPS. Sell-side analysts predict that Main Street Capital Co. will post 4.11 EPS for the current fiscal year.

Main Street Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be given a dividend of $0.30 per share. This represents a $3.60 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date of this dividend is Friday, February 7th. Main Street Capital’s dividend payout ratio (DPR) is currently 54.35%.

Analysts Set New Price Targets

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

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.