Stratos Wealth Partners LTD. Grows Position in Main Street Capital Co. (NYSE:MAIN)

Stratos Wealth Partners LTD. lifted its holdings in shares of Main Street Capital Co. (NYSE:MAIN) by 23.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,036 shares of the financial services provider’s stock after buying an additional 1,518 shares during the period. Stratos Wealth Partners LTD.’s holdings in Main Street Capital were worth $347,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of MAIN. PNC Financial Services Group Inc. boosted its position in shares of Main Street Capital by 11.9% during the first quarter. PNC Financial Services Group Inc. now owns 8,504 shares of the financial services provider’s stock valued at $363,000 after buying an additional 904 shares during the last quarter. Merit Financial Group LLC purchased a new stake in shares of Main Street Capital during the first quarter valued at $274,000. SS&H Financial Advisors Inc. purchased a new stake in shares of Main Street Capital during the first quarter valued at $1,079,000. Northern Trust Corp boosted its position in shares of Main Street Capital by 40.1% during the first quarter. Northern Trust Corp now owns 47,333 shares of the financial services provider’s stock valued at $2,018,000 after buying an additional 13,542 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of Main Street Capital by 6.9% during the first quarter. Invesco Ltd. now owns 43,655 shares of the financial services provider’s stock valued at $1,861,000 after buying an additional 2,814 shares during the last quarter. 20.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on MAIN. Royal Bank of Canada increased their price objective on Main Street Capital from $46.00 to $48.00 and gave the company an “outperform” rating in a research report on Monday, January 22nd. Oppenheimer increased their target price 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 downgraded Main Street Capital from a “buy” rating to a “neutral” rating and set a $47.00 target price on the stock. in a report on Monday, January 8th. Truist Financial increased their target price on 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 increased their target price on Main Street Capital from $43.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $45.50.

Main Street Capital Stock Down 1.8 %

NYSE MAIN opened at $46.94 on Monday. The stock’s 50-day moving average price is $45.96 and its 200-day moving average price is $43.27. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.14. Main Street Capital Co. has a 52 week low of $37.70 and a 52 week high of $47.82. The company has a market capitalization of $3.99 billion, a P/E ratio of 8.99 and a beta of 1.29.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $1.12 EPS for the quarter, topping 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 firm had revenue of $129.31 million for the quarter, compared to the consensus estimate of $125.52 million. On average, equities research analysts predict that Main Street Capital Co. will post 4.07 earnings per share for the current year.

Main Street Capital Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 20th were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a dividend yield of 8.37%. This is an increase from Main Street Capital’s previous dividend of $0.24. Main Street Capital’s dividend payout ratio (DPR) is 55.17%.

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.