Secure Asset Management LLC Purchases New Position in Main Street Capital Co. (NYSE:MAIN)

Secure Asset Management LLC acquired a new position in shares of Main Street Capital Co. (NYSE:MAIN) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,503 shares of the financial services provider’s stock, valued at approximately $264,000.

Other institutional investors also recently made changes to their positions in the company. Godsey & Gibb Inc. bought a new stake in Main Street Capital in the 3rd quarter valued at $28,000. Truvestments Capital LLC acquired a new position in shares of Main Street Capital in the third quarter valued at about $39,000. Prospera Private Wealth LLC acquired a new stake in Main Street Capital in the 3rd quarter worth about $50,000. Wilmington Savings Fund Society FSB bought a new stake in Main Street Capital in the 3rd quarter valued at about $50,000. Finally, Northwestern Mutual Wealth Management Co. grew its position 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 purchasing an additional 405 shares in the last quarter. Institutional investors own 20.31% of the company’s stock.

Analysts Set New Price Targets

Separately, B. Riley boosted their price target on Main Street Capital from $49.00 to $51.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Four equities research 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 stock currently has a consensus rating of “Hold” and a consensus target price of $48.80.

Main Street Capital Price Performance

Shares of NYSE:MAIN opened at $61.13 on Friday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $5.39 billion, a PE ratio of 11.07 and a beta of 1.28. The firm has a 50 day moving average of $56.88 and a 200-day moving average of $52.67. Main Street Capital Co. has a 12 month low of $43.90 and a 12 month high of $61.37.

Main Street Capital (NYSE:MAIN) last issued its earnings results on Thursday, November 7th. The financial services provider reported $1.00 earnings per share 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 business had revenue of $136.82 million during the quarter, compared to analyst estimates of $137.57 million. During the same period in the prior year, the business posted $1.04 EPS. On average, equities research analysts predict 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, February 14th. Stockholders of record on Friday, February 7th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.89%. Main Street Capital’s dividend payout ratio (DPR) is currently 54.35%.

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.