Bay Colony Advisory Group Inc d b a Bay Colony Advisors Acquires Shares of 16,333 Main Street Capital Co. (NYSE:MAIN)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of Main Street Capital Co. (NYSE:MAIN - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 16,333 shares of the financial services provider's stock, valued at approximately $957,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MAIN. Wealthstar Advisors LLC acquired a new stake in shares of Main Street Capital in the fourth quarter valued at approximately $1,326,000. Franklin Resources Inc. lifted its holdings in Main Street Capital by 19.3% during the 3rd quarter. Franklin Resources Inc. now owns 217,461 shares of the financial services provider's stock valued at $11,119,000 after purchasing an additional 35,227 shares during the last quarter. Segment Wealth Management LLC increased its holdings in shares of Main Street Capital by 15.8% in the fourth quarter. Segment Wealth Management LLC now owns 50,368 shares of the financial services provider's stock valued at $2,951,000 after purchasing an additional 6,856 shares during the last quarter. Morgan Dempsey Capital Management LLC bought a new position in shares of Main Street Capital in the fourth quarter valued at about $6,007,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Main Street Capital by 9.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 209,924 shares of the financial services provider's stock worth $10,526,000 after buying an additional 18,059 shares during the last quarter. 20.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MAIN has been the topic of a number of research reports. B. Riley upped their price target on shares of Main Street Capital from $49.00 to $51.00 and gave the company a "neutral" rating in a research note on Monday, November 11th. Truist Financial upped their target price on Main Street Capital from $52.00 to $62.00 and gave the company a "hold" rating in a research report on Monday, March 3rd.

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Main Street Capital Stock Performance

Shares of MAIN stock traded up $1.74 on Friday, hitting $58.68. The company's stock had a trading volume of 558,858 shares, compared to its average volume of 402,322. Main Street Capital Co. has a fifty-two week low of $45.00 and a fifty-two week high of $63.32. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.08 and a current ratio of 0.08. The stock's 50 day moving average is $60.15 and its 200-day moving average is $54.91. The company has a market capitalization of $5.20 billion, a PE ratio of 10.63 and a beta of 1.26.

Main Street Capital (NYSE:MAIN - Get Free Report) last announced its earnings results on Thursday, February 27th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.08 by ($0.06). The business had revenue of $140.44 million for the quarter, compared to analyst estimates of $141.40 million. Main Street Capital had a return on equity of 13.83% and a net margin of 89.25%. Equities research analysts expect that Main Street Capital Co. will post 4.11 earnings per share for the current fiscal year.

Main Street Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, June 6th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $3.00 annualized dividend and a yield of 5.11%. Main Street Capital's dividend payout ratio is presently 51.37%.

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.