Strategic Blueprint LLC Acquires New Stake in Main Street Capital Co. (NYSE:MAIN)

Strategic Blueprint LLC bought a new position in shares of Main Street Capital Co. (NYSE:MAIN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,960 shares of the financial services provider’s stock, valued at approximately $214,000.

Other large investors have also recently added to or reduced their stakes in the company. Citigroup Inc. lifted its position in Main Street Capital by 945.9% during the third quarter. Citigroup Inc. now owns 638 shares of the financial services provider’s stock worth $26,000 after buying an additional 577 shares during the period. Impact Partnership Wealth LLC lifted its position in Main Street Capital by 562.3% during the third quarter. Impact Partnership Wealth LLC now owns 1,000 shares of the financial services provider’s stock worth $41,000 after buying an additional 849 shares during the period. Signaturefd LLC lifted its position in Main Street Capital by 157.9% during the third quarter. Signaturefd LLC now owns 1,220 shares of the financial services provider’s stock worth $50,000 after buying an additional 747 shares during the period. ICA Group Wealth Management LLC purchased a new position in Main Street Capital during the fourth quarter worth about $55,000. Finally, Hexagon Capital Partners LLC lifted its position in Main Street Capital by 23.8% during the third quarter. Hexagon Capital Partners LLC now owns 1,744 shares of the financial services provider’s stock worth $71,000 after buying an additional 335 shares during the period. 20.31% of the stock is currently owned by hedge funds and other institutional investors.

Main Street Capital Trading Down 1.8 %

NYSE:MAIN opened at $46.94 on Friday. The business’s 50-day moving average is $45.93 and its two-hundred day moving average is $43.20. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.09 and a quick ratio of 0.09. Main Street Capital Co. has a 12 month low of $37.70 and a 12 month high of $47.82. The firm has a market capitalization of $3.99 billion, a PE ratio of 8.99 and a beta of 1.29.

Main Street Capital (NYSE:MAIN) last released its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. Main Street Capital had a return on equity of 14.99% and a net margin of 85.62%. The company had revenue of $129.31 million for the quarter, compared to analyst estimates of $125.52 million. Research analysts predict that Main Street Capital Co. will post 4.07 earnings per share for the current fiscal year.

Main Street Capital Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 20th were paid a $0.30 dividend. This is a boost from Main Street Capital’s previous dividend of $0.24. The ex-dividend date was Tuesday, March 19th. This represents a dividend yield of 8.37%. Main Street Capital’s payout ratio is 55.17%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Royal Bank of Canada increased their target price on Main Street Capital from $46.00 to $48.00 and gave the stock an “outperform” rating in a research report on Monday, January 22nd. Oppenheimer lifted their price objective on Main Street Capital from $41.00 to $43.00 and gave the company a “market perform” rating in a research note on Monday, February 26th. B. Riley cut Main Street Capital from a “buy” rating to a “neutral” rating and set a $47.00 target price for the company. in a report on Monday, January 8th. Truist Financial raised their price target on shares of Main Street Capital from $43.00 to $45.00 and gave the company a “hold” rating in a report on Monday, February 26th. Finally, UBS Group boosted their price objective on shares of Main Street Capital from $43.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Main Street Capital currently has a consensus rating of “Hold” and a consensus target price of $45.50.

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.