Joel Isaacson & Co. LLC Boosts Position in Main Street Capital Co. (NYSE:MAIN)

Joel Isaacson & Co. LLC grew its stake in Main Street Capital Co. (NYSE:MAIN) by 0.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,170 shares of the financial services provider’s stock after acquiring an additional 174 shares during the period. Joel Isaacson & Co. LLC’s holdings in Main Street Capital were worth $7,508,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Franklin Resources Inc. lifted its holdings in shares of Main Street Capital by 19.3% in the 3rd quarter. Franklin Resources Inc. now owns 217,461 shares of the financial services provider’s stock worth $11,119,000 after buying an additional 35,227 shares during the period. Segment Wealth Management LLC increased its position in Main Street Capital by 15.8% during the 4th quarter. Segment Wealth Management LLC now owns 50,368 shares of the financial services provider’s stock valued at $2,951,000 after purchasing an additional 6,856 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Main Street Capital by 9.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 209,924 shares of the financial services provider’s stock valued at $10,526,000 after purchasing an additional 18,059 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Main Street Capital by 188.3% in the third quarter. Janney Montgomery Scott LLC now owns 20,176 shares of the financial services provider’s stock worth $1,012,000 after buying an additional 13,177 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in Main Street Capital during the 3rd quarter valued at $1,029,000. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Main Street Capital Trading Down 0.1 %

Main Street Capital stock opened at $61.06 on Friday. The stock has a market cap of $5.38 billion, a PE ratio of 11.06 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 stock has a 50-day moving average of $58.22 and a two-hundred day moving average of $53.30. Main Street Capital Co. has a one year low of $43.90 and a one year high of $62.19.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings results on Thursday, November 7th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $137.57 million. During the same quarter in the previous year, the company posted $1.04 EPS. On average, research analysts anticipate that Main Street Capital Co. will post 4.11 EPS for the current fiscal year.

Main Street Capital Cuts Dividend

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

Wall Street Analyst Weigh In

Separately, B. Riley increased their price target on shares of 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 analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Main Street Capital has a consensus rating of “Hold” and a consensus target price of $48.80.

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.