Tectonic Advisors LLC Purchases 18,601 Shares of Main Street Capital Co. (NYSE:MAIN)

Tectonic Advisors LLC boosted its stake in Main Street Capital Co. (NYSE:MAIN - Free Report) by 11.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 185,666 shares of the financial services provider's stock after acquiring an additional 18,601 shares during the period. Main Street Capital accounts for approximately 0.7% of Tectonic Advisors LLC's holdings, making the stock its 24th biggest holding. Tectonic Advisors LLC owned 0.21% of Main Street Capital worth $10,876,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Godsey & Gibb Inc. bought a new stake in shares of Main Street Capital during the third quarter valued at approximately $28,000. Truvestments Capital LLC bought a new stake in shares of Main Street Capital during the 3rd quarter valued at $39,000. Prospera Private Wealth LLC purchased a new stake in shares of Main Street Capital in the 3rd quarter worth about $50,000. Wilmington Savings Fund Society FSB bought a new position in shares of Main Street Capital in the 3rd quarter worth about $50,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Main Street Capital by 59.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,089 shares of the financial services provider's stock valued at $55,000 after acquiring an additional 405 shares during the period. 20.31% of the stock is owned by hedge funds and other institutional investors.

Main Street Capital Stock Down 0.1 %

Main Street Capital stock traded down $0.07 during mid-day trading on Friday, reaching $61.06. The stock had a trading volume of 479,896 shares, compared to its average volume of 447,475. Main Street Capital Co. has a one year low of $43.90 and a one year high of $62.19. The company has a 50-day moving average price of $58.33 and a two-hundred day moving average price of $53.37. The company has a market capitalization of $5.38 billion, a price-to-earnings ratio of 11.06 and a beta of 1.28. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08.

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

Main Street Capital Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 10th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, February 7th. This represents a dividend yield of 4.91%. Main Street Capital's dividend payout ratio (DPR) is presently 54.35%.

Analysts Set New Price Targets

Separately, B. Riley upped their price objective on shares of Main Street Capital from $49.00 to $51.00 and gave the stock a "neutral" rating in a report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $48.80.

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.