Main Street Capital Co. (NYSE:MAIN) Shares Acquired by Albion Financial Group UT

Albion Financial Group UT increased its position in Main Street Capital Co. (NYSE:MAIN) by 1.0% during the first quarter, Holdings Channel reports. The fund owned 114,272 shares of the financial services provider’s stock after purchasing an additional 1,165 shares during the quarter. Albion Financial Group UT’s holdings in Main Street Capital were worth $5,406,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of MAIN. NBC Securities Inc. increased its stake in Main Street Capital by 6.7% during the 4th quarter. NBC Securities Inc. now owns 3,686 shares of the financial services provider’s stock valued at $159,000 after buying an additional 233 shares during the period. Capital Investment Advisors LLC boosted its position in shares of Main Street Capital by 0.5% during 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 boosted its position in shares of Main Street Capital by 10.3% during 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 boosted its position in shares of Main Street Capital by 0.6% during the 4th quarter. Larson Financial Group LLC now owns 40,973 shares of the financial services provider’s stock valued at $1,771,000 after purchasing an additional 263 shares in the last quarter. Finally, Hexagon Capital Partners LLC boosted its position in shares of Main Street Capital by 8.4% during the 1st quarter. Hexagon Capital Partners LLC now owns 3,851 shares of the financial services provider’s stock valued at $182,000 after purchasing an additional 298 shares in the last quarter. Institutional investors and hedge funds own 20.31% of the company’s stock.

Analyst Upgrades and Downgrades

MAIN has been the subject of several research reports. B. Riley raised their price objective on shares of Main Street Capital from $47.00 to $49.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Truist Financial raised their price objective on shares of Main Street Capital from $45.00 to $52.00 and gave the company a “hold” rating in a research report on Monday, May 13th. Finally, Royal Bank of Canada raised their target price on shares of Main Street Capital from $48.00 to $52.00 and gave the stock an “outperform” rating in a report on Tuesday, April 30th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Main Street Capital has a consensus rating of “Hold” and an average price target of $48.20.

Main Street Capital Stock Up 0.9 %

Shares of NYSE MAIN traded up $0.47 during mid-day trading on Wednesday, reaching $51.87. The company had a trading volume of 288,372 shares, compared to its average volume of 358,248. The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of 9.38 and a beta of 1.29. The stock has a fifty day moving average of $49.38 and a two-hundred day moving average of $46.77. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.10 and a current ratio of 0.10. Main Street Capital Co. has a 12-month low of $37.70 and a 12-month high of $52.02.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings data on Thursday, May 9th. The financial services provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.02. The firm had revenue of $131.61 million for the quarter, compared to analyst estimates of $128.00 million. Main Street Capital had a net margin of 89.11% and a return on equity of 14.83%. During the same quarter last year, the firm earned $1.02 earnings per share. As a group, equities research analysts expect that Main Street Capital Co. will post 4.08 EPS for the current year.

Main Street Capital Announces Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, June 27th. Investors of record on Monday, June 24th were given a dividend of $0.30 per share. This represents a yield of 7.55%. The ex-dividend date of this dividend was Friday, June 21st. Main Street Capital’s payout ratio is presently 52.55%.

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.