Financial Security Advisor Inc. Boosts Stock Position in Main Street Capital Co. (NYSE:MAIN)

Financial Security Advisor Inc. boosted its stake in shares of Main Street Capital Co. (NYSE:MAIN) by 9.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,939 shares of the financial services provider’s stock after acquiring an additional 1,070 shares during the quarter. Financial Security Advisor Inc.’s holdings in Main Street Capital were worth $758,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Benjamin Edwards Inc. lifted its holdings in shares of Main Street Capital by 971.3% during 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 period. International Assets Investment Management LLC raised its position in Main Street Capital by 7,077.4% during the 3rd quarter. International Assets Investment Management LLC now owns 112,182 shares of the financial services provider’s stock worth $5,625,000 after buying an additional 110,619 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Main Street Capital by 7.8% in the 4th quarter. Van ECK Associates Corp now owns 1,288,309 shares of the financial services provider’s stock worth $75,469,000 after acquiring an additional 92,833 shares during the period. Strategic Financial Concepts LLC purchased a new stake in shares of Main Street Capital in the fourth quarter valued at about $2,626,000. Finally, Atom Investors LP acquired a new position in shares of Main Street Capital during the third quarter worth about $2,233,000. 20.31% of the stock is currently owned by hedge funds and other institutional investors.

Main Street Capital Price Performance

MAIN stock opened at $58.88 on Friday. The firm has a 50 day moving average of $59.85 and a 200-day moving average of $54.42. The company has a market cap of $5.19 billion, a price-to-earnings ratio of 10.67 and a beta of 1.28. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13. Main Street Capital Co. has a 12-month low of $45.00 and a 12-month high of $63.31.

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

Main Street Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, June 6th will be given a $0.25 dividend. The ex-dividend date is Friday, June 6th. This represents a $3.00 annualized dividend and a dividend yield of 5.10%. Main Street Capital’s dividend payout ratio is presently 54.35%.

Analyst Upgrades and Downgrades

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

Main Street Capital Company 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.