U.S. Capital Wealth Advisors LLC Decreases Position in Main Street Capital Co. (NYSE:MAIN)

U.S. Capital Wealth Advisors LLC lessened its stake in shares of Main Street Capital Co. (NYSE:MAIN - Free Report) by 9.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 123,077 shares of the financial services provider's stock after selling 12,653 shares during the period. U.S. Capital Wealth Advisors LLC owned approximately 0.14% of Main Street Capital worth $7,210,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Godsey & Gibb Inc. purchased a new stake in Main Street Capital during the 3rd quarter valued at $28,000. Truvestments Capital LLC purchased a new stake in Main Street Capital during the 3rd quarter valued at $39,000. Prospera Private Wealth LLC purchased a new stake in Main Street Capital during the 3rd quarter valued at $50,000. Wilmington Savings Fund Society FSB purchased a new stake in Main Street Capital during the 3rd quarter valued at $50,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake 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 purchasing an additional 405 shares during the last quarter. Institutional investors own 20.31% of the company's stock.

Main Street Capital Stock Performance

Shares of MAIN stock traded down $0.61 on Wednesday, reaching $61.17. The stock had a trading volume of 537,616 shares, compared to its average volume of 505,199. The stock has a market cap of $5.39 billion, a P/E ratio of 11.08 and a beta of 1.28. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.08 and a current ratio of 0.08. The company has a 50 day simple moving average of $57.97 and a 200 day simple moving average of $53.19. Main Street Capital Co. has a 1 year low of $43.90 and a 1 year high of $62.19.

Main Street Capital (NYSE:MAIN - Get Free Report) last released its quarterly 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 net margin of 89.25% and a return on equity of 13.83%. The company had revenue of $136.82 million for the quarter, compared to the consensus estimate of $137.57 million. During the same period in the prior year, the firm posted $1.04 EPS. Equities research analysts expect that Main Street Capital Co. will post 4.11 EPS for the current year.

Main Street Capital Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, March 7th will be issued a dividend of $0.25 per share. This represents a $3.00 annualized dividend and a yield of 4.90%. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Main Street Capital's previous monthly dividend of $0.25. Main Street Capital's payout ratio is currently 54.35%.

Analyst Upgrades and Downgrades

Separately, B. Riley raised their price target on 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 investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $48.80.

Main Street Capital 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.