Main Street Capital Co. (NYSE:MAIN) Shares Sold by D.B. Root & Company LLC

D.B. Root & Company LLC lessened its stake in Main Street Capital Co. (NYSE:MAIN) by 4.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,457 shares of the financial services provider’s stock after selling 662 shares during the period. D.B. Root & Company LLC’s holdings in Main Street Capital were worth $788,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Godsey & Gibb Inc. purchased a new position in shares of Main Street Capital in the 3rd quarter valued at about $28,000. Truvestments Capital LLC purchased a new stake in shares of Main Street Capital in the third quarter valued at approximately $39,000. Prospera Private Wealth LLC acquired a new position in shares of Main Street Capital during the 3rd quarter worth approximately $50,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Main Street Capital during the 3rd quarter valued at approximately $50,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Main Street Capital by 59.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,089 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 405 shares during the period. Institutional investors and hedge funds own 20.31% of the company’s stock.

Analyst Ratings Changes

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

Main Street Capital Stock Performance

NYSE MAIN opened at $60.71 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08. The stock’s 50 day simple moving average is $56.36 and its 200-day simple moving average is $52.48. The company has a market cap of $5.35 billion, a PE ratio of 11.00 and a beta of 1.28. Main Street Capital Co. has a 1-year low of $43.90 and a 1-year high of $60.98.

Main Street Capital (NYSE:MAIN) last announced its quarterly earnings data 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). The firm had revenue of $136.82 million during the quarter, compared to analysts’ expectations of $137.57 million. Main Street Capital had a net margin of 89.25% and a return on equity of 13.83%. During the same quarter in the previous year, the business posted $1.04 EPS. As a group, equities research analysts anticipate that Main Street Capital Co. will post 4.11 EPS for the current fiscal year.

Main Street Capital Announces Dividend

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

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.