Muzinich & Co. Inc. lifted its holdings in Main Street Capital Co. (NYSE:MAIN - Free Report) by 5.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 222,977 shares of the financial services provider's stock after purchasing an additional 10,593 shares during the quarter. Main Street Capital accounts for approximately 8.2% of Muzinich & Co. Inc.'s holdings, making the stock its 2nd largest position. Muzinich & Co. Inc. owned approximately 0.25% of Main Street Capital worth $13,062,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. Wealthstar Advisors LLC bought a new position in Main Street Capital in the 4th quarter valued at about $1,326,000. Franklin Resources Inc. lifted its stake in shares of Main Street Capital by 19.3% in the 3rd quarter. Franklin Resources Inc. now owns 217,461 shares of the financial services provider's stock worth $11,119,000 after acquiring an additional 35,227 shares during the period. Segment Wealth Management LLC boosted its holdings in shares of Main Street Capital by 15.8% in the fourth quarter. Segment Wealth Management LLC now owns 50,368 shares of the financial services provider's stock valued at $2,951,000 after acquiring an additional 6,856 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Main Street Capital by 9.4% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 209,924 shares of the financial services provider's stock valued at $10,526,000 after acquiring an additional 18,059 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in Main Street Capital by 188.3% during the third quarter. Janney Montgomery Scott LLC now owns 20,176 shares of the financial services provider's stock worth $1,012,000 after purchasing an additional 13,177 shares in the last quarter. 20.31% of the stock is owned by institutional investors and hedge funds.
Main Street Capital Price Performance
NYSE:MAIN traded down $0.27 during trading hours on Monday, reaching $60.53. 698,135 shares of the company's stock were exchanged, compared to its average volume of 393,013. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $5.34 billion, a P/E ratio of 10.97 and a beta of 1.28. Main Street Capital Co. has a 12 month low of $45.00 and a 12 month high of $63.32. The business's 50-day simple moving average is $60.00 and its two-hundred day simple moving average is $54.62.
Main Street Capital (NYSE:MAIN - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The financial services provider reported $1.02 earnings per share 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%. Sell-side 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 declared a monthly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, June 6th will be paid a $0.25 dividend. The ex-dividend date is Friday, June 6th. This represents a $3.00 dividend on an annualized basis and a yield of 4.96%. Main Street Capital's dividend payout ratio is currently 51.37%.
Analysts Set New Price Targets
A number of brokerages have issued reports on MAIN. 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 research note on Monday. B. Riley raised their target price on Main Street Capital from $49.00 to $51.00 and gave the company a "neutral" rating in a research note on Monday, November 11th.
Read Our Latest Report on Main Street Capital
About Main Street Capital
(
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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