GWN Securities Inc. Invests $269,000 in Main Street Capital Co. (NYSE:MAIN)

GWN Securities Inc. bought a new stake in Main Street Capital Co. (NYSE:MAIN - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,392 shares of the financial services provider's stock, valued at approximately $269,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of MAIN. Sumitomo Mitsui Trust Group Inc. increased its holdings in Main Street Capital by 9.4% in 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 acquiring an additional 18,059 shares during the last quarter. MAI Capital Management boosted its position in Main Street Capital by 2.7% during the third quarter. MAI Capital Management now owns 15,136 shares of the financial services provider's stock worth $759,000 after purchasing an additional 394 shares during the period. CAP Partners LLC increased its stake in shares of 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 in the last quarter. Vertex Planning Partners LLC bought a new stake in shares of Main Street Capital in the third quarter valued at approximately $261,000. Finally, Prospera Financial Services Inc lifted its stake in shares of Main Street Capital by 1.4% during the 3rd quarter. Prospera Financial Services Inc now owns 46,873 shares of the financial services provider's stock valued at $2,352,000 after buying an additional 631 shares in the last quarter. 20.31% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

Separately, Truist Financial boosted their target price on shares of 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 Price Performance

Shares of MAIN stock traded down $0.16 during trading hours on Friday, reaching $57.62. The stock had a trading volume of 1,006,880 shares, compared to its average volume of 411,898. The stock's fifty day simple moving average is $59.80 and its 200 day simple moving average is $55.33. The firm has a market capitalization of $5.10 billion, a PE ratio of 10.44 and a beta of 1.26. Main Street Capital Co. has a 12 month low of $45.00 and a 12 month high of $63.32. 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 (NYSE:MAIN - Get Free Report) last announced 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 firm had revenue of $140.44 million during the quarter, compared to the consensus estimate of $141.40 million. Main Street Capital had a net margin of 89.25% and a return on equity of 13.83%. On average, equities research analysts predict that Main Street Capital Co. will post 4.11 EPS for the current year.

Main Street Capital Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 21st will be paid a $0.30 dividend. This is a positive change from Main Street Capital's previous dividend of $0.25. This represents a yield of 7.11%. The ex-dividend date of this dividend is Thursday, March 20th. Main Street Capital's dividend payout ratio is currently 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.