11,240 Shares in Main Street Capital Co. (NYSE:MAIN) Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new position in shares of Main Street Capital Co. (NYSE:MAIN) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 11,240 shares of the financial services provider’s stock, valued at approximately $486,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. DNB Asset Management AS raised its holdings in Main Street Capital by 71.7% during the fourth quarter. DNB Asset Management AS now owns 87,406 shares of the financial services provider’s stock worth $3,779,000 after purchasing an additional 36,498 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Main Street Capital by 12.4% in the third quarter. Van ECK Associates Corp now owns 805,063 shares of the financial services provider’s stock valued at $32,709,000 after buying an additional 88,802 shares in the last quarter. SMH Capital Advisors Inc. bought a new position in shares of Main Street Capital in the third quarter valued at $738,000. Tudor Investment Corp Et Al bought a new position in shares of Main Street Capital in the third quarter valued at $6,538,000. Finally, Capital Investment Advisors LLC increased its holdings in shares of Main Street Capital by 0.5% in the fourth quarter. Capital Investment Advisors LLC now owns 52,334 shares of the financial services provider’s stock valued at $2,262,000 after buying an additional 236 shares in the last quarter. Institutional investors own 20.31% of the company’s stock.

Analyst Upgrades and Downgrades

MAIN has been the topic of several research reports. Truist Financial upped their price target on Main Street Capital from $43.00 to $45.00 and gave the company a “hold” rating in a report on Monday, February 26th. Oppenheimer boosted their target price on shares of 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. Royal Bank of Canada boosted their target price on shares of Main Street Capital from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Monday, January 22nd. B. Riley downgraded shares of Main Street Capital from a “buy” rating to a “neutral” rating and set a $47.00 target price on the stock. in a research note on Monday, January 8th. Finally, UBS Group boosted their target price on shares of Main Street Capital from $43.00 to $45.00 and gave the company a “neutral” rating in a research note 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $45.50.

Main Street Capital Trading Down 0.2 %

Main Street Capital stock opened at $48.68 on Friday. The company’s fifty day simple moving average is $46.50 and its 200-day simple moving average is $43.73. 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 12 month low of $37.70 and a 12 month high of $48.86. The stock has a market cap of $4.14 billion, a P/E ratio of 9.33 and a beta of 1.29.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings results 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 net margin of 85.62% and a return on equity of 14.99%. The business had revenue of $129.31 million for the quarter, compared to analysts’ expectations of $125.52 million. As a group, sell-side analysts forecast that Main Street Capital Co. will post 4.07 EPS for the current fiscal year.

Main Street Capital Increases Dividend

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

Main Street Capital 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.