Milestone Asset Management LLC Acquires 3,843 Shares of Main Street Capital Co. (NYSE:MAIN)

Milestone Asset Management LLC increased its holdings in Main Street Capital Co. (NYSE:MAIN) by 58.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,392 shares of the financial services provider’s stock after purchasing an additional 3,843 shares during the period. Milestone Asset Management LLC’s holdings in Main Street Capital were worth $609,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Foundations Investment Advisors LLC increased its position in Main Street Capital by 53.1% during the fourth quarter. Foundations Investment Advisors LLC now owns 23,239 shares of the financial services provider’s stock worth $1,361,000 after buying an additional 8,061 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Main Street Capital in the fourth quarter valued at about $910,000. Apexium Financial LP acquired a new stake in shares of Main Street Capital in the fourth quarter valued at about $302,000. PFG Investments LLC grew its position in shares of Main Street Capital by 1.6% in the fourth quarter. PFG Investments LLC now owns 13,642 shares of the financial services provider’s stock valued at $799,000 after purchasing an additional 219 shares during the last quarter. Finally, MKT Advisors LLC acquired a new stake in shares of Main Street Capital in the fourth quarter valued at about $212,000. 20.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, B. Riley raised their price target on Main Street Capital from $49.00 to $51.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Main Street Capital has a consensus rating of “Hold” and a consensus price target of $48.80.

Main Street Capital Stock Down 1.1 %

NYSE MAIN opened at $60.69 on Thursday. 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 firm has a 50-day simple moving average of $57.20 and a 200 day simple moving average of $52.80. Main Street Capital Co. has a twelve month low of $43.90 and a twelve month high of $61.53. The stock has a market cap of $5.35 billion, a PE ratio of 10.99 and a beta of 1.28.

Main Street Capital (NYSE:MAIN) last released its earnings results 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). 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 during the quarter, compared to the consensus estimate of $137.57 million. During the same quarter in the previous year, the business posted $1.04 EPS. On average, research analysts forecast that Main Street Capital Co. will post 4.11 EPS for the current year.

Main Street Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.30 per share. This represents a $3.60 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date of this dividend is Friday, February 7th. Main Street Capital’s dividend payout ratio is 54.35%.

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.