Union Bancaire Privee UBP SA Takes Position in Main Street Capital Co. (NYSE:MAIN)

Union Bancaire Privee UBP SA bought a new stake in shares of Main Street Capital Co. (NYSE:MAIN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 15,530 shares of the financial services provider's stock, valued at approximately $910,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Apexium Financial LP purchased a new position in Main Street Capital in the 4th quarter valued at about $302,000. PFG Investments LLC grew its position in shares of Main Street Capital by 1.6% during the fourth quarter. PFG Investments LLC now owns 13,642 shares of the financial services provider's stock worth $799,000 after buying an additional 219 shares in the last quarter. MKT Advisors LLC acquired a new stake in Main Street Capital in the fourth quarter valued at $212,000. Geneos Wealth Management Inc. boosted its stake in Main Street Capital by 37.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,831 shares of the financial services provider's stock valued at $107,000 after acquiring an additional 500 shares during the last quarter. Finally, Cornerstone Wealth Management LLC acquired a new position in Main Street Capital during the 4th quarter worth $209,000. 20.31% of the stock is owned by hedge funds and other institutional investors.

Main Street Capital Stock Performance

MAIN stock traded up $0.48 during mid-day trading on Friday, reaching $61.93. The company had a trading volume of 403,240 shares, compared to its average volume of 501,380. The stock has a market capitalization of $5.46 billion, a P/E ratio of 11.22 and a beta of 1.28. The stock's 50-day simple moving average is $57.36 and its two-hundred day simple moving average is $52.86. Main Street Capital Co. has a one year low of $43.90 and a one year high of $62.19. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.13.

Main Street Capital (NYSE:MAIN - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.02 by ($0.02). The business had revenue of $136.82 million for the quarter, compared to analyst estimates of $137.57 million. Main Street Capital had a return on equity of 13.83% and a net margin of 89.25%. During the same quarter last year, the firm posted $1.04 EPS. Research analysts anticipate that Main Street Capital Co. will post 4.11 EPS for the current year.

Main Street Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, February 7th. This represents a $3.60 dividend on an annualized basis and a yield of 5.81%. Main Street Capital's payout ratio is presently 54.35%.

Analyst Ratings Changes

Separately, B. Riley lifted their price target on Main Street Capital from $49.00 to $51.00 and gave the stock a "neutral" rating in a research note on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Main Street Capital presently has an average rating of "Hold" and a consensus target price of $48.80.

Main Street Capital Company 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.