Wealth Enhancement Advisory Services LLC Grows Stock Position in Main Street Capital Co. (NYSE:MAIN)

Wealth Enhancement Advisory Services LLC lifted its stake in shares of Main Street Capital Co. (NYSE:MAINFree Report) by 1.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,538 shares of the financial services provider’s stock after purchasing an additional 492 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.05% of Main Street Capital worth $2,060,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of MAIN. Nomura Asset Management Co. Ltd. raised its stake in shares of Main Street Capital by 73.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,139 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 483 shares during the last quarter. Scarborough Advisors LLC purchased a new position in Main Street Capital in the fourth quarter worth $72,000. Signaturefd LLC raised its position in Main Street Capital by 41.5% in the fourth quarter. Signaturefd LLC now owns 1,726 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 506 shares in the last quarter. Newbridge Financial Services Group Inc. raised its position in Main Street Capital by 32.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,733 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 420 shares in the last quarter. Finally, ICA Group Wealth Management LLC purchased a new position in Main Street Capital in the fourth quarter worth $86,000. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Main Street Capital Stock Up 0.9 %

Main Street Capital stock opened at $51.87 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.10 and a current ratio of 0.10. The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of 9.47 and a beta of 1.29. Main Street Capital Co. has a fifty-two week low of $37.70 and a fifty-two week high of $52.02. The stock’s fifty day moving average is $49.51 and its two-hundred day moving average is $46.84.

Main Street Capital (NYSE:MAINGet Free Report) last posted its earnings results on Thursday, May 9th. The financial services provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.02. The company had revenue of $131.61 million for the quarter, compared to analyst estimates of $128.00 million. Main Street Capital had a return on equity of 14.83% and a net margin of 89.11%. During the same quarter in the prior year, the company earned $1.02 earnings per share. Analysts predict that Main Street Capital Co. will post 4.08 EPS for the current fiscal year.

Main Street Capital Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, June 27th. Investors of record on Monday, June 24th were paid a dividend of $0.30 per share. This represents a dividend yield of 7.55%. The ex-dividend date was Friday, June 21st. Main Street Capital’s payout ratio is currently 52.55%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on MAIN shares. B. Riley increased their price objective on Main Street Capital from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Truist Financial increased their price objective on Main Street Capital from $45.00 to $52.00 and gave the stock a “hold” rating in a research report on Monday, May 13th. Finally, Royal Bank of Canada increased their price objective on Main Street Capital from $48.00 to $52.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 30th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $48.20.

Read Our Latest Analysis on Main Street Capital

About Main Street Capital

(Free Report)

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.

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Institutional Ownership by Quarter for Main Street Capital (NYSE:MAIN)

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