Goodman Financial Corp Buys Shares of 4,209 Main Street Capital Co. (NYSE:MAIN)

Goodman Financial Corp purchased a new position in shares of Main Street Capital Co. (NYSE:MAIN) in the fourth quarter, HoldingsChannel reports. The firm purchased 4,209 shares of the financial services provider’s stock, valued at approximately $247,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Asset Planning Inc acquired a new stake in Main Street Capital in the 4th quarter valued at approximately $29,000. Truvestments Capital LLC purchased a new position in shares of Main Street Capital during the third quarter worth $39,000. Prospera Private Wealth LLC acquired a new stake in shares of Main Street Capital in the third quarter valued at $50,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Main Street Capital in the 3rd quarter valued at $50,000. Finally, AdvisorNet Financial Inc lifted its stake in Main Street Capital by 145.8% during the 4th quarter. AdvisorNet Financial Inc now owns 1,229 shares of the financial services provider’s stock worth $72,000 after acquiring an additional 729 shares in the last quarter. 20.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Main Street Capital Stock Down 0.7 %

Main Street Capital stock opened at $57.81 on Friday. The firm has a market capitalization of $5.12 billion, a P/E ratio of 10.47 and a beta of 1.26. The stock’s fifty day simple moving average is $59.80 and its 200-day simple moving average is $55.33. Main Street Capital Co. has a twelve month low of $45.00 and a twelve month high of $63.32. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings results on Thursday, February 27th. The financial services provider reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.06). The company had revenue of $140.44 million for the quarter, compared to analysts’ expectations 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, equities analysts expect that Main Street Capital Co. will post 4.11 earnings per share for the current fiscal year.

Main Street Capital Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 21st will be paid a $0.30 dividend. The ex-dividend date is Thursday, March 20th. This represents a yield of 7.11%. This is an increase from Main Street Capital’s previous dividend of $0.25. Main Street Capital’s payout ratio is currently 51.37%.

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.