Benjamin F. Edwards & Company Inc. Invests $4.88 Million in Main Street Capital Co. (NYSE:MAIN)

Benjamin F. Edwards & Company Inc. purchased a new position in shares of Main Street Capital Co. (NYSE:MAIN) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 112,969 shares of the financial services provider’s stock, valued at approximately $4,884,000.

A number of other large investors also recently bought and sold shares of the business. Paradiem LLC increased its position in shares of Main Street Capital by 53.5% during the fourth quarter. Paradiem LLC now owns 183,490 shares of the financial services provider’s stock worth $7,932,000 after acquiring an additional 63,928 shares during the period. DNB Asset Management AS increased its holdings in Main Street Capital by 71.7% during the 4th quarter. DNB Asset Management AS now owns 87,406 shares of the financial services provider’s stock worth $3,779,000 after purchasing an additional 36,498 shares during the period. Van ECK Associates Corp raised its position in Main Street Capital by 12.4% during the 3rd quarter. Van ECK Associates Corp now owns 805,063 shares of the financial services provider’s stock valued at $32,709,000 after purchasing an additional 88,802 shares in the last quarter. SMH Capital Advisors Inc. purchased a new stake in shares of Main Street Capital in the 3rd quarter worth $738,000. Finally, Tudor Investment Corp Et Al bought a new position in shares of Main Street Capital during the 3rd quarter worth $6,538,000. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Wall Street Analyst Weigh In

MAIN has been the subject of a number of research reports. Truist Financial upped their price objective on shares of Main Street Capital from $43.00 to $45.00 and gave the stock a “hold” rating in a research note on Monday, February 26th. B. Riley cut shares of Main Street Capital from a “buy” rating to a “neutral” rating and set a $47.00 price target for the company. in a research report on Monday, January 8th. UBS Group increased their price objective on shares of Main Street Capital from $43.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Royal Bank of Canada boosted their price objective on shares of Main Street Capital from $48.00 to $52.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Oppenheimer upped their target price on Main Street Capital from $41.00 to $43.00 and gave the stock a “market perform” rating in a report on Monday, February 26th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $46.17.

Main Street Capital Stock Up 1.0 %

Shares of Main Street Capital stock traded up $0.48 on Friday, reaching $50.37. The stock had a trading volume of 311,907 shares, compared to its average volume of 294,845. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $4.28 billion, a P/E ratio of 9.65 and a beta of 1.25. The company has a 50 day moving average price of $47.07 and a 200 day moving average price of $44.14. Main Street Capital Co. has a 1 year low of $37.70 and a 1 year high of $50.52.

Main Street Capital (NYSE:MAIN) last released its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.06. The business had revenue of $129.31 million for the quarter, compared to analyst estimates of $125.52 million. Main Street Capital had a net margin of 85.62% and a return on equity of 14.99%. As a group, equities research analysts forecast that Main Street Capital Co. will post 4.07 EPS for the current year.

Main Street Capital Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 20th were given a dividend of $0.30 per share. This is a positive change from Main Street Capital’s previous dividend of $0.24. This represents a yield of 8.37%. The ex-dividend date of this dividend was Tuesday, March 19th. Main Street Capital’s dividend payout ratio is currently 55.17%.

Main Street Capital 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.