Geneos Wealth Management Inc. Has $90,000 Position in Main Street Capital Co. (NYSE:MAIN)

Geneos Wealth Management Inc. lowered its stake in Main Street Capital Co. (NYSE:MAIN) by 86.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,087 shares of the financial services provider’s stock after selling 13,523 shares during the period. Geneos Wealth Management Inc.’s holdings in Main Street Capital were worth $90,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Segment Wealth Management LLC boosted its position in shares of Main Street Capital by 1.3% during the fourth quarter. Segment Wealth Management LLC now owns 42,636 shares of the financial services provider’s stock worth $1,843,000 after purchasing an additional 567 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Main Street Capital during the fourth quarter worth $486,000. Strategic Blueprint LLC bought a new position in shares of Main Street Capital during the fourth quarter worth $214,000. Americana Partners LLC boosted its position in shares of Main Street Capital by 1.7% during the fourth quarter. Americana Partners LLC now owns 71,591 shares of the financial services provider’s stock worth $3,078,000 after purchasing an additional 1,170 shares in the last quarter. Finally, Wakefield Asset Management LLLP boosted its position in shares of Main Street Capital by 11.4% during the fourth quarter. Wakefield Asset Management LLLP now owns 22,313 shares of the financial services provider’s stock worth $965,000 after purchasing an additional 2,287 shares in the last quarter. Institutional investors and hedge funds own 20.31% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Main Street Capital Stock Down 0.6 %

Main Street Capital stock opened at $46.68 on Tuesday. The firm has a market capitalization of $3.97 billion, a PE ratio of 8.94 and a beta of 1.29. The company’s 50-day moving average is $45.96 and its 200-day moving average is $43.29. Main Street Capital Co. has a fifty-two week low of $37.70 and a fifty-two week high of $47.82. 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 (NYSE:MAIN) last released its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. The company had revenue of $129.31 million for the quarter, compared to analyst estimates of $125.52 million. Main Street Capital had a net margin of 85.62% and a return on equity of 14.99%. Sell-side analysts anticipate that Main Street Capital Co. will post 4.07 earnings per share for the current year.

Main Street Capital Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 20th were paid a dividend of $0.30 per share. The ex-dividend date was Tuesday, March 19th. This is a positive change from Main Street Capital’s previous dividend of $0.24. This represents a dividend yield of 8.37%. Main Street Capital’s payout ratio is currently 55.17%.

About Main Street Capital

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.