Price T Rowe Associates Inc. MD Boosts Stake in Main Street Capital Co. (NYSE:MAIN)

Price T Rowe Associates Inc. MD boosted its stake in shares of Main Street Capital Co. (NYSE:MAINFree Report) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,435,508 shares of the financial services provider’s stock after buying an additional 71,698 shares during the period. Price T Rowe Associates Inc. MD owned 4.10% of Main Street Capital worth $148,518,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Main Street Capital by 73.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,139 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 483 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Main Street Capital by 41.5% during the 4th quarter. Signaturefd LLC now owns 1,726 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 506 shares during the last quarter. AdvisorNet Financial Inc lifted its holdings in shares of Main Street Capital by 938.0% during the 4th quarter. AdvisorNet Financial Inc now owns 2,128 shares of the financial services provider’s stock valued at $92,000 after purchasing an additional 1,923 shares during the last quarter. Tucker Asset Management LLC lifted its holdings in shares of Main Street Capital by 262.3% during the 3rd quarter. Tucker Asset Management LLC now owns 2,420 shares of the financial services provider’s stock valued at $98,000 after purchasing an additional 1,752 shares during the last quarter. Finally, Gradient Investments LLC lifted its holdings 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 during the last quarter. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Main Street Capital Stock Performance

MAIN traded up $0.20 during midday trading on Friday, hitting $49.34. 295,497 shares of the company were exchanged, compared to its average volume of 361,285. The company’s 50 day simple moving average is $48.74 and its 200 day simple moving average is $45.98. The firm has a market capitalization of $4.23 billion, a price-to-earnings ratio of 8.94 and a beta of 1.28. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.11. Main Street Capital Co. has a 1-year low of $37.70 and a 1-year high of $51.10.

Main Street Capital (NYSE:MAINGet Free Report) last announced its quarterly earnings results on Thursday, May 9th. The financial services provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.02. The company had revenue of $131.61 million for the quarter, compared to the consensus estimate of $128.00 million. Main Street Capital had a return on equity of 14.83% and a net margin of 89.11%. During the same period last year, the firm earned $1.02 EPS. As a group, sell-side analysts predict that Main Street Capital Co. will post 4.06 earnings per share for the current year.

Main Street Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 8th will be given a dividend of $0.30 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 7.30%. The ex-dividend date is Monday, July 8th. Main Street Capital’s dividend payout ratio (DPR) is presently 52.55%.

Wall Street Analyst Weigh In

Several analysts have recently commented on MAIN shares. Oppenheimer increased their price objective on Main Street Capital from $41.00 to $43.00 and gave the company a “market perform” rating in a report on Monday, February 26th. B. Riley raised their target price on Main Street Capital from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. UBS Group raised their target price on Main Street Capital from $43.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Royal Bank of Canada raised their target price on Main Street Capital from $48.00 to $52.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 30th. Finally, Truist Financial raised their target price on Main Street Capital from $45.00 to $52.00 and gave the stock a “hold” rating in a research note on Monday, May 13th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $47.67.

View Our Latest Research Report on Main Street Capital

Main Street Capital Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding MAIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Main Street Capital Co. (NYSE:MAINFree Report).

Institutional Ownership by Quarter for Main Street Capital (NYSE:MAIN)

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