Secure Asset Management LLC Makes New Investment in Main Street Capital Co. (NYSE:MAIN)

Secure Asset Management LLC bought a new position in shares of Main Street Capital Co. (NYSE:MAIN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,503 shares of the financial services provider's stock, valued at approximately $264,000.

Several other hedge funds have also recently modified their holdings of MAIN. Wesbanco Bank Inc. purchased a new position in Main Street Capital during the fourth quarter worth about $220,000. Janney Montgomery Scott LLC increased its position in shares of Main Street Capital by 2.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 20,670 shares of the financial services provider's stock worth $1,211,000 after acquiring an additional 494 shares during the period. Paradiem LLC raised its stake in shares of Main Street Capital by 0.3% in the fourth quarter. Paradiem LLC now owns 280,593 shares of the financial services provider's stock valued at $16,437,000 after acquiring an additional 732 shares in the last quarter. Monterey Private Wealth Inc. purchased a new position in Main Street Capital in the fourth quarter valued at $220,000. Finally, Segment Wealth Management LLC grew its stake in Main Street Capital by 15.8% during the 4th quarter. Segment Wealth Management LLC now owns 50,368 shares of the financial services provider's stock worth $2,951,000 after purchasing an additional 6,856 shares in the last quarter. Institutional investors and hedge funds own 20.31% of the company's stock.

Main Street Capital Stock Up 0.5 %

Shares of NYSE MAIN traded up $0.29 during midday trading on Friday, hitting $61.13. 338,589 shares of the company's stock were exchanged, compared to its average volume of 442,738. The firm's fifty day simple moving average is $56.88 and its 200-day simple moving average is $52.67. 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 cap of $5.39 billion, a PE ratio of 11.07 and a beta of 1.28. Main Street Capital Co. has a twelve month low of $43.90 and a twelve month high of $61.37.

Main Street Capital (NYSE:MAIN - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The financial services provider reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.02). The company had revenue of $136.82 million for the quarter, compared to analysts' expectations of $137.57 million. Main Street Capital had a return on equity of 13.83% and a net margin of 89.25%. During the same quarter in the prior year, the firm posted $1.04 EPS. Research analysts predict that Main Street Capital Co. will post 4.11 EPS for the current fiscal year.

Main Street Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be paid a $0.30 dividend. The ex-dividend date is Friday, February 7th. This represents a $3.60 annualized dividend and a dividend yield of 5.89%. Main Street Capital's dividend payout ratio (DPR) is currently 54.35%.

Wall Street Analysts Forecast Growth

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 analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Main Street Capital presently has an average rating of "Hold" and a consensus target price of $48.80.

Main Street Capital Company 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.