AlphaQuest LLC increased its holdings in shares of Main Street Capital Co. (NYSE:MAIN - Free Report) by 136.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,853 shares of the financial services provider's stock after purchasing an additional 15,513 shares during the period. AlphaQuest LLC's holdings in Main Street Capital were worth $1,573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in MAIN. Farther Finance Advisors LLC increased its holdings in Main Street Capital by 1,641.4% in the third quarter. Farther Finance Advisors LLC now owns 2,943 shares of the financial services provider's stock valued at $148,000 after buying an additional 2,774 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in Main Street Capital by 188.3% in the third quarter. Janney Montgomery Scott LLC now owns 20,176 shares of the financial services provider's stock valued at $1,012,000 after buying an additional 13,177 shares in the last quarter. Sigma Planning Corp increased its holdings in Main Street Capital by 6.9% in the third quarter. Sigma Planning Corp now owns 40,364 shares of the financial services provider's stock valued at $2,024,000 after buying an additional 2,621 shares in the last quarter. Legacy Capital Wealth Partners LLC grew its position in shares of Main Street Capital by 93.9% in the third quarter. Legacy Capital Wealth Partners LLC now owns 69,067 shares of the financial services provider's stock valued at $3,463,000 after purchasing an additional 33,450 shares during the period. Finally, Baker Avenue Asset Management LP grew its position in shares of Main Street Capital by 4.1% in the third quarter. Baker Avenue Asset Management LP now owns 57,995 shares of the financial services provider's stock valued at $2,908,000 after purchasing an additional 2,293 shares during the period. Hedge funds and other institutional investors own 20.31% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Truist Financial lifted their target price on shares of Main Street Capital from $52.00 to $62.00 and gave the company a "hold" rating in a research report on Monday, March 3rd.
Read Our Latest Stock Report on MAIN
Main Street Capital Price Performance
Shares of NYSE MAIN traded down $1.06 during trading on Thursday, hitting $54.70. The company had a trading volume of 617,915 shares, compared to its average volume of 407,696. The firm has a market capitalization of $4.84 billion, a price-to-earnings ratio of 9.91 and a beta of 1.26. Main Street Capital Co. has a fifty-two week low of $45.00 and a fifty-two week high of $63.32. The stock has a fifty day simple moving average of $60.02 and a two-hundred day simple moving average of $55.05. 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 posted its quarterly earnings results on Thursday, February 27th. The financial services provider reported $1.02 earnings per share 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%. On average, research analysts expect that Main Street Capital Co. will post 4.11 earnings per share for the current year.
Main Street Capital Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, June 6th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, June 6th. This represents a $3.00 dividend on an annualized basis and a yield of 5.48%. Main Street Capital's payout ratio is presently 51.37%.
Main Street Capital Company Profile
(
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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