MKT Advisors LLC Invests $212,000 in Main Street Capital Co. (NYSE:MAIN)

MKT Advisors LLC purchased a new position in shares of Main Street Capital Co. (NYSE:MAIN) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 3,525 shares of the financial services provider’s stock, valued at approximately $212,000.

A number of other hedge funds have also made changes to their positions in the stock. Godsey & Gibb Inc. acquired a new position in Main Street Capital in the third quarter worth $28,000. Truvestments Capital LLC acquired a new position in Main Street Capital in the third quarter worth $39,000. Prospera Private Wealth LLC acquired a new position in Main Street Capital in the third quarter worth $50,000. Wilmington Savings Fund Society FSB acquired a new position in Main Street Capital in the third quarter worth $50,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings 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 period. Institutional investors and hedge funds own 20.31% of the company’s stock.

Main Street Capital Stock Performance

Shares of MAIN opened at $61.13 on Friday. Main Street Capital Co. has a 1 year low of $43.90 and a 1 year high of $61.37. The company has a market cap of $5.39 billion, a price-to-earnings ratio of 11.07 and a beta of 1.28. 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 firm has a fifty day moving average of $56.88 and a 200-day moving average of $52.67.

Main Street Capital (NYSE:MAIN) last announced its quarterly earnings results on Thursday, November 7th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.02). Main Street Capital had a net margin of 89.25% and a return on equity of 13.83%. 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 firm posted $1.04 EPS. As a group, equities analysts anticipate that Main Street Capital Co. will post 4.11 earnings per share for the current year.

Main Street Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be paid a dividend of $0.30 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.89%. The ex-dividend date of this dividend is Friday, February 7th. Main Street Capital’s dividend payout ratio is currently 54.35%.

Analyst Ratings Changes

Separately, B. Riley lifted their price objective on shares of Main Street Capital from $49.00 to $51.00 and gave the stock a “neutral” rating in a 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’s stock. According to MarketBeat.com, Main Street Capital currently has a consensus rating of “Hold” and an average 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.