3,760 Shares in Main Street Capital Co. (NYSE:MAIN) Purchased by Wesbanco Bank Inc.

Wesbanco Bank Inc. bought a new stake in shares of Main Street Capital Co. (NYSE:MAIN) in the fourth quarter, Holdings Channel reports. The fund bought 3,760 shares of the financial services provider’s stock, valued at approximately $220,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. 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 purchased a new stake in Main Street Capital in the third quarter worth approximately $39,000. Prospera Private Wealth LLC purchased a new position in shares of Main Street Capital during the 3rd quarter worth $50,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Main Street Capital during the 3rd quarter worth $50,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of 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 worth $55,000 after acquiring an additional 405 shares during the last quarter. Institutional investors own 20.31% of the company’s stock.

Main Street Capital Stock Up 0.5 %

Shares of MAIN stock opened at $61.13 on Friday. The company has a market capitalization of $5.39 billion, a price-to-earnings ratio of 11.07 and a beta of 1.28. Main Street Capital Co. has a one year low of $43.90 and a one year high of $61.37. The company’s fifty day moving average price is $56.88 and its 200-day moving average price is $52.66. 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 data on Thursday, November 7th. The financial services provider reported $1.00 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.02). The firm had revenue of $136.82 million for the quarter, compared to the consensus estimate of $137.57 million. Main Street Capital had a net margin of 89.25% and a return on equity of 13.83%. During the same quarter in the previous year, the business earned $1.04 earnings per share. Sell-side analysts expect that Main Street Capital Co. will post 4.11 EPS for the current fiscal year.

Main Street Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be given a dividend of $0.30 per share. 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 payout ratio is 54.35%.

Analysts Set New Price Targets

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 investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus 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.