GWN Securities Inc. Acquires Shares of 4,392 Main Street Capital Co. (NYSE:MAIN)

GWN Securities Inc. purchased a new stake in Main Street Capital Co. (NYSE:MAIN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 4,392 shares of the financial services provider’s stock, valued at approximately $269,000.

Several other hedge funds and other institutional investors also recently modified their holdings of MAIN. Raymond James Financial Inc. bought a new position in shares of Main Street Capital in the 4th quarter valued at $10,460,000. Benjamin Edwards Inc. increased its stake in shares of Main Street Capital by 971.3% in the 3rd quarter. Benjamin Edwards Inc. now owns 141,165 shares of the financial services provider’s stock valued at $7,078,000 after purchasing an additional 127,988 shares during the last quarter. Morgan Dempsey Capital Management LLC bought a new position in shares of Main Street Capital in the 4th quarter valued at $6,007,000. Van ECK Associates Corp increased its stake in shares of Main Street Capital by 7.8% in the 4th quarter. Van ECK Associates Corp now owns 1,288,309 shares of the financial services provider’s stock valued at $75,469,000 after purchasing an additional 92,833 shares during the last quarter. Finally, Strategic Financial Concepts LLC bought a new position in shares of Main Street Capital in the 4th quarter valued at $2,626,000. Institutional investors own 20.31% of the company’s stock.

Analyst Ratings Changes

Separately, Truist Financial lifted their price target on Main Street Capital from $52.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, March 3rd.

Main Street Capital Trading Up 1.5 %

Shares of MAIN stock opened at $57.13 on Tuesday. The firm has a market capitalization of $5.06 billion, a P/E ratio of 10.35 and a beta of 1.26. Main Street Capital Co. has a twelve month low of $45.00 and a twelve month high of $63.32. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.13. The stock’s fifty day simple moving average is $59.83 and its 200 day simple moving average is $55.24.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings data on Thursday, February 27th. The financial services provider reported $1.02 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.06). The firm had revenue of $140.44 million for 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%. As a group, sell-side analysts predict that Main Street Capital Co. will post 4.11 EPS for the current fiscal year.

Main Street Capital Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 21st will be given a $0.30 dividend. This represents a dividend yield of 7.24%. The ex-dividend date is Thursday, March 20th. This is a positive change from Main Street Capital’s previous dividend of $0.25. Main Street Capital’s payout ratio is 51.37%.

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.