AlphaQuest LLC Raises Stock Position in Main Street Capital Co. (NYSE:MAIN)

AlphaQuest LLC raised its stake in shares of Main Street Capital Co. (NYSE:MAIN) by 136.8% during the fourth quarter, Holdings Channel reports. The firm owned 26,853 shares of the financial services provider’s stock after buying an additional 15,513 shares during the quarter. AlphaQuest LLC’s holdings in Main Street Capital were worth $1,573,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. US Bancorp DE grew its position in shares of Main Street Capital by 8.4% in the 4th quarter. US Bancorp DE now owns 2,579 shares of the financial services provider’s stock worth $151,000 after buying an additional 200 shares during the period. Widmann Financial Services Inc. grew its position in shares of Main Street Capital by 0.9% in the 3rd quarter. Widmann Financial Services Inc. now owns 22,990 shares of the financial services provider’s stock worth $1,153,000 after buying an additional 202 shares during the period. IHT Wealth Management LLC grew its position in shares of Main Street Capital by 0.3% in the 3rd quarter. IHT Wealth Management LLC now owns 63,628 shares of the financial services provider’s stock worth $3,190,000 after buying an additional 218 shares during the period. PFG Investments LLC grew its position in shares of Main Street Capital by 1.6% in the 4th quarter. PFG Investments LLC now owns 13,642 shares of the financial services provider’s stock worth $799,000 after buying an additional 219 shares during the period. Finally, Sunbelt Securities Inc. grew its position in shares of Main Street Capital by 7.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 3,509 shares of the financial services provider’s stock worth $176,000 after buying an additional 229 shares during the period. 20.31% of the stock is owned by hedge funds and other institutional investors.

Main Street Capital Stock Performance

Shares of Main Street Capital stock opened at $58.68 on Monday. The stock has a market cap of $5.20 billion, a price-to-earnings ratio of 10.63 and a beta of 1.26. The firm’s 50-day moving average is $60.15 and its 200 day moving average is $54.94. Main Street Capital Co. has a 1 year low of $45.00 and a 1 year high of $63.32. 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) last announced its quarterly earnings results on Thursday, February 27th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.06). The firm had revenue of $140.44 million during 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 anticipate 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, June 13th. Shareholders of record on Friday, June 6th will be paid a dividend of $0.25 per share. This represents a $3.00 annualized dividend and a yield of 5.11%. The ex-dividend date is Friday, June 6th. Main Street Capital’s dividend payout ratio is currently 51.37%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on MAIN shares. B. Riley upped 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. Truist Financial upped their price target on shares of Main Street Capital from $52.00 to $62.00 and gave the stock a “hold” rating in a research note on Monday, March 3rd.

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.