Morgan Dempsey Capital Management LLC bought a new stake in Main Street Capital Co. (NYSE:MAIN - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 102,025 shares of the financial services provider's stock, valued at approximately $6,007,000. Main Street Capital comprises approximately 2.4% of Morgan Dempsey Capital Management LLC's portfolio, making the stock its 22nd largest holding. Morgan Dempsey Capital Management LLC owned 0.12% of Main Street Capital at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the business. US Bancorp DE grew its holdings in Main Street Capital by 8.4% during the 4th quarter. US Bancorp DE now owns 2,579 shares of the financial services provider's stock worth $151,000 after acquiring an additional 200 shares during the last quarter. Private Trust Co. NA lifted its holdings in Main Street Capital by 14.4% in the fourth quarter. Private Trust Co. NA now owns 2,398 shares of the financial services provider's stock valued at $140,000 after buying an additional 302 shares during the period. Financial Security Advisor Inc. boosted its stake in Main Street Capital by 9.0% in the fourth quarter. Financial Security Advisor Inc. now owns 12,939 shares of the financial services provider's stock valued at $758,000 after acquiring an additional 1,070 shares during the last quarter. Muzinich & Co. Inc. grew its holdings in Main Street Capital by 5.0% during the 4th quarter. Muzinich & Co. Inc. now owns 222,977 shares of the financial services provider's stock worth $13,062,000 after acquiring an additional 10,593 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Main Street Capital by 56.8% during the 4th quarter. Bank of New York Mellon Corp now owns 29,316 shares of the financial services provider's stock valued at $1,717,000 after acquiring an additional 10,625 shares during the last quarter. 20.31% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on MAIN shares. B. Riley upped their price objective on Main Street Capital from $49.00 to $51.00 and gave the company a "neutral" rating in a report on Monday, November 11th. Truist Financial boosted their target price on Main Street Capital from $52.00 to $62.00 and gave the stock a "hold" rating in a research report on Monday.
View Our Latest Stock Analysis on MAIN
Main Street Capital Stock Down 1.6 %
Shares of NYSE MAIN traded down $0.92 during mid-day trading on Wednesday, reaching $58.10. 1,023,781 shares of the company's stock were exchanged, compared to its average volume of 399,922. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13. The business has a fifty day simple moving average of $60.14 and a 200 day simple moving average of $54.79. Main Street Capital Co. has a twelve month low of $45.00 and a twelve month high of $63.32. The firm has a market capitalization of $5.12 billion, a price-to-earnings ratio of 10.53 and a beta of 1.28.
Main Street Capital (NYSE:MAIN - Get Free Report) last announced its 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 analyst estimates 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 EPS for the current fiscal year.
Main Street Capital Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, June 6th will be given a $0.25 dividend. The ex-dividend date is Friday, June 6th. This represents a $3.00 annualized dividend and a yield of 5.16%. Main Street Capital's dividend payout ratio is currently 51.37%.
Main Street Capital Company Profile
(
Free Report)
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.
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