Foundations Investment Advisors LLC Purchases 8,061 Shares of Main Street Capital Co. (NYSE:MAIN)

Foundations Investment Advisors LLC boosted its position in shares of Main Street Capital Co. (NYSE:MAIN - Free Report) by 53.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,239 shares of the financial services provider's stock after purchasing an additional 8,061 shares during the period. Foundations Investment Advisors LLC's holdings in Main Street Capital were worth $1,361,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Benjamin Edwards Inc. grew its holdings in shares of Main Street Capital by 971.3% in the third quarter. Benjamin Edwards Inc. now owns 141,165 shares of the financial services provider's stock valued at $7,078,000 after purchasing an additional 127,988 shares in the last quarter. Joel Isaacson & Co. LLC grew its holdings in shares of Main Street Capital by 3,098.3% in the third quarter. Joel Isaacson & Co. LLC now owns 127,996 shares of the financial services provider's stock valued at $6,418,000 after purchasing an additional 123,994 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Main Street Capital by 7,077.4% in the third quarter. International Assets Investment Management LLC now owns 112,182 shares of the financial services provider's stock worth $5,625,000 after acquiring an additional 110,619 shares during the last quarter. Van ECK Associates Corp lifted its stake in Main Street Capital by 3.9% in the third quarter. Van ECK Associates Corp now owns 1,195,476 shares of the financial services provider's stock worth $61,758,000 after acquiring an additional 45,381 shares during the last quarter. Finally, Atom Investors LP purchased a new position in Main Street Capital in the third quarter worth approximately $2,233,000. 20.31% of the stock is owned by hedge funds and other institutional investors.

Main Street Capital Trading Up 0.8 %

Shares of MAIN traded up $0.48 during mid-day trading on Friday, hitting $61.93. The company had a trading volume of 510,060 shares, compared to its average volume of 462,256. The stock has a market cap of $5.46 billion, a PE ratio of 11.22 and a beta of 1.28. 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 Co. has a 1-year low of $43.90 and a 1-year high of $62.19. The business's 50-day simple moving average is $57.68 and its 200-day simple moving average is $53.01.

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 the consensus estimate of $1.02 by ($0.02). The firm had revenue of $136.82 million for the quarter, compared to analyst estimates 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 last year, the firm posted $1.04 EPS. Sell-side analysts forecast that Main Street Capital Co. will post 4.11 earnings per share for the current year.

Main Street Capital Announces Dividend

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

Wall Street Analyst Weigh In

Separately, B. Riley lifted their price target on shares of 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target 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.