Signaturefd LLC Acquires 506 Shares of Main Street Capital Co. (NYSE:MAIN)

Signaturefd LLC grew its holdings in shares of Main Street Capital Co. (NYSE:MAIN) by 41.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,726 shares of the financial services provider’s stock after purchasing an additional 506 shares during the period. Signaturefd LLC’s holdings in Main Street Capital were worth $75,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC increased its stake in shares of Main Street Capital by 23.8% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,744 shares of the financial services provider’s stock worth $71,000 after purchasing an additional 335 shares during the last quarter. BluePath Capital Management LLC acquired a new position in shares of Main Street Capital during the 3rd quarter worth about $81,000. AdvisorNet Financial Inc increased its stake 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 worth $92,000 after purchasing an additional 1,923 shares during the last quarter. Tucker Asset Management LLC increased its stake 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 worth $98,000 after purchasing an additional 1,752 shares during the last quarter. Finally, Gradient Investments LLC increased its stake 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 worth $115,000 after purchasing an additional 248 shares during the last quarter. 20.31% of the stock is owned by institutional investors.

Main Street Capital Stock Performance

Shares of NYSE:MAIN opened at $50.15 on Thursday. The company’s 50 day moving average price is $46.89 and its two-hundred day moving average price is $44.03. Main Street Capital Co. has a 12-month low of $37.70 and a 12-month high of $50.42. The firm has a market cap of $4.26 billion, a PE ratio of 9.61 and a beta of 1.29. 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 (NYSE:MAIN) last announced its earnings results on Thursday, February 22nd. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $129.31 million for the quarter, compared to analyst estimates of $125.52 million. 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 company 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 represents a dividend yield of 8.37%. The ex-dividend date was Tuesday, March 19th. This is an increase from Main Street Capital’s previous dividend of $0.24. Main Street Capital’s dividend payout ratio is 55.17%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Royal Bank of Canada upped their price target on shares of Main Street Capital from $48.00 to $52.00 and gave the company an “outperform” rating in a research note on Tuesday. B. Riley lowered shares of Main Street Capital from a “buy” rating to a “neutral” rating and set a $47.00 price target on the stock. in a research note on Monday, January 8th. UBS Group upped their price target 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. Truist Financial upped their price target on shares of Main Street Capital from $43.00 to $45.00 and gave the company a “hold” rating in a research note on Monday, February 26th. Finally, Oppenheimer upped their price target 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. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $46.17.

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.