Atria Investments Inc Makes New $754,000 Investment in Main Street Capital Co. (NYSE:MAIN)

Atria Investments Inc acquired a new stake in Main Street Capital Co. (NYSE:MAIN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,874 shares of the financial services provider's stock, valued at approximately $754,000.

Other hedge funds also recently added to or reduced their stakes in the company. Asset Planning Inc acquired a new position in shares of Main Street Capital during the fourth quarter worth $29,000. Truvestments Capital LLC acquired a new position in Main Street Capital in the 3rd quarter worth $39,000. Prospera Private Wealth LLC purchased a new position in Main Street Capital in the 3rd quarter valued at about $50,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Main Street Capital during the third quarter valued at about $50,000. Finally, AdvisorNet Financial Inc grew its stake in shares of Main Street Capital by 145.8% during the fourth quarter. AdvisorNet Financial Inc now owns 1,229 shares of the financial services provider's stock valued at $72,000 after acquiring an additional 729 shares in the last quarter. 20.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Truist Financial increased their price target on Main Street Capital from $52.00 to $62.00 and gave the company a "hold" rating in a report on Monday, March 3rd.

Main Street Capital Stock Up 1.5 %

NYSE MAIN traded up $0.87 during trading hours on Monday, reaching $57.13. 736,780 shares of the company traded hands, compared to its average volume of 409,872. The stock has a market capitalization of $5.06 billion, a PE ratio of 10.35 and a beta of 1.26. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13. Main Street Capital Co. has a 12 month low of $45.00 and a 12 month high of $63.32. The company has a 50 day moving average of $59.86 and a two-hundred day moving average of $55.18.

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

Main Street Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, June 6th will be issued a $0.25 dividend. The ex-dividend date is Friday, June 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 5.25%. Main Street Capital's dividend payout ratio (DPR) is 51.37%.

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.