Larson Financial Group LLC Purchases 8,269 Shares of Main Street Capital Co. (NYSE:MAIN)

Larson Financial Group LLC boosted its position in shares of Main Street Capital Co. (NYSE:MAIN - Free Report) by 18.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,237 shares of the financial services provider's stock after acquiring an additional 8,269 shares during the quarter. Larson Financial Group LLC owned 0.06% of Main Street Capital worth $3,119,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MAIN. Asset Planning Inc acquired a new position in shares of Main Street Capital during the 4th quarter worth approximately $29,000. Truvestments Capital LLC acquired a new position in shares of Main Street Capital in the third quarter valued at $39,000. Prospera Private Wealth LLC acquired a new position in shares of Main Street Capital in the third quarter valued at $50,000. Wilmington Savings Fund Society FSB bought a new position in shares of Main Street Capital in the third quarter valued at about $50,000. Finally, AdvisorNet Financial Inc lifted its stake in shares of Main Street Capital by 145.8% during the 4th quarter. AdvisorNet Financial Inc now owns 1,229 shares of the financial services provider's stock worth $72,000 after buying an additional 729 shares during the last quarter. Institutional investors and hedge funds own 20.31% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on MAIN shares. Truist Financial raised their price objective on shares of Main Street Capital from $52.00 to $62.00 and gave the stock a "hold" rating in a research report on Monday, March 3rd. B. Riley boosted their target price on shares of Main Street Capital from $49.00 to $51.00 and gave the company a "neutral" rating in a research report on Monday, November 11th.

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Main Street Capital Price Performance

NYSE:MAIN traded up $1.74 during trading hours on Friday, reaching $58.68. 558,858 shares of the company were exchanged, compared to its average volume of 402,322. The business has a 50 day moving average of $60.15 and a 200 day moving average of $54.94. Main Street Capital Co. has a 1-year low of $45.00 and a 1-year high of $63.32. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08. The company has a market capitalization of $5.20 billion, a P/E ratio of 10.63 and a beta of 1.26.

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

Main Street Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, June 13th. Shareholders 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 annualized dividend and a yield of 5.11%. Main Street Capital's dividend payout ratio is currently 51.37%.

About Main Street Capital

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.