Apexium Financial LP Takes Position in Main Street Capital Co. (NYSE:MAIN)

Apexium Financial LP purchased a new stake in Main Street Capital Co. (NYSE:MAIN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,150 shares of the financial services provider's stock, valued at approximately $302,000.

Several other large investors have also bought and sold shares of the stock. Widmann Financial Services Inc. boosted its stake in Main Street Capital by 0.9% in the third quarter. Widmann Financial Services Inc. now owns 22,990 shares of the financial services provider's stock worth $1,153,000 after buying an additional 202 shares in the last quarter. IHT Wealth Management LLC raised its holdings in shares of Main Street Capital by 0.3% during the third quarter. IHT Wealth Management LLC now owns 63,628 shares of the financial services provider's stock valued at $3,190,000 after acquiring an additional 218 shares in the last quarter. PFG Investments LLC grew its stake in Main Street Capital by 1.6% in the fourth quarter. PFG Investments LLC now owns 13,642 shares of the financial services provider's stock worth $799,000 after purchasing an additional 219 shares during the period. Sunbelt Securities Inc. grew its stake in Main Street Capital by 7.0% in the third quarter. Sunbelt Securities Inc. now owns 3,509 shares of the financial services provider's stock worth $176,000 after purchasing an additional 229 shares during the period. Finally, CAP Partners LLC grew its stake in Main Street Capital by 6.4% in the third quarter. CAP Partners LLC now owns 4,290 shares of the financial services provider's stock worth $215,000 after purchasing an additional 258 shares during the period. 20.31% of the stock is currently owned by institutional investors.

Main Street Capital Trading Up 0.8 %

Main Street Capital stock traded up $0.48 during midday trading on Friday, reaching $61.93. The stock had a trading volume of 403,240 shares, compared to its average volume of 501,380. Main Street Capital Co. has a twelve month low of $43.90 and a twelve month high of $62.19. The stock has a market capitalization of $5.46 billion, a PE ratio of 11.22 and a beta of 1.28. 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 simple moving average is $57.36 and its 200 day simple moving average is $52.86.

Main Street Capital (NYSE:MAIN - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The financial services provider reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.02). The firm had revenue of $136.82 million during the quarter, compared to the consensus estimate of $137.57 million. Main Street Capital had a net margin of 89.25% and a return on equity of 13.83%. During the same period in the prior year, the firm earned $1.04 earnings per share. Analysts expect that Main Street Capital Co. will post 4.11 EPS for the current year.

Main Street Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be issued a dividend of $0.30 per share. This represents a $3.60 annualized dividend and a dividend yield of 5.81%. The ex-dividend date of this dividend is Friday, February 7th. Main Street Capital's dividend payout ratio is currently 54.35%.

Wall Street Analyst Weigh In

Separately, B. Riley raised their price objective 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 assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $48.80.

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.