Global Retirement Partners LLC Invests $446,000 in Main Street Capital Corporation $MAIN

Global Retirement Partners LLC acquired a new position in shares of Main Street Capital Corporation (NYSE:MAIN) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,552 shares of the financial services provider’s stock, valued at approximately $446,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Financial Network Wealth Advisors LLC bought a new position in Main Street Capital during the first quarter valued at $39,000. Quarry LP bought a new stake in Main Street Capital in the first quarter worth about $48,000. First Horizon Advisors Inc. purchased a new stake in shares of Main Street Capital in the second quarter worth approximately $50,000. Wealth Preservation Advisors LLC bought a new stake in shares of Main Street Capital during the first quarter worth $58,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Main Street Capital during the first quarter valued at $61,000. 20.31% of the stock is owned by hedge funds and other institutional investors.

Main Street Capital Stock Performance

Shares of Main Street Capital stock opened at $58.45 on Friday. The company has a market capitalization of $5.24 billion, a PE ratio of 9.63 and a beta of 0.84. The company has a 50-day simple moving average of $58.96 and a two-hundred day simple moving average of $60.88. Main Street Capital Corporation has a one year low of $47.00 and a one year high of $67.77. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings data on Thursday, November 6th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.09). Main Street Capital had a return on equity of 12.70% and a net margin of 96.16%.The firm had revenue of $151.23 million during the quarter, compared to analysts’ expectations of $140.53 million. Research analysts expect that Main Street Capital Corporation will post 4.11 EPS for the current fiscal year.

Main Street Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, March 6th will be issued a dividend of $0.26 per share. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Friday, March 6th. Main Street Capital’s dividend payout ratio is currently 50.75%.

Analyst Ratings Changes

MAIN has been the subject of several research reports. Zacks Research cut shares of Main Street Capital from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Wall Street Zen lowered Main Street Capital from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. B. Riley decreased their price objective on Main Street Capital from $64.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, November 12th. Royal Bank Of Canada upped their price objective on shares of Main Street Capital from $52.00 to $67.00 and gave the stock an “outperform” rating in a research note on Thursday, August 28th. Finally, Truist Financial cut their target price on shares of Main Street Capital from $64.00 to $60.00 and set a “hold” rating on the stock in a research report on Wednesday, October 15th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $59.60.

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.