Sentinel Trust Co. LBA Reduces Stock Position in Main Street Capital Co. (NYSE:MAIN)

Sentinel Trust Co. LBA lessened its position in Main Street Capital Co. (NYSE:MAIN) by 7.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 12,827 shares of the financial services provider’s stock after selling 1,039 shares during the period. Sentinel Trust Co. LBA’s holdings in Main Street Capital were worth $751,000 at the end of the most recent quarter.

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

Main Street Capital Stock Down 1.2 %

MAIN stock opened at $58.88 on Friday. Main Street Capital Co. has a fifty-two week low of $45.00 and a fifty-two week high of $63.31. The company has a market capitalization of $5.19 billion, a price-to-earnings ratio of 10.67 and a beta of 1.28. The business’s 50 day moving average price is $59.85 and its two-hundred day moving average price is $54.42. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.08 and a current ratio of 0.08.

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 firm had revenue of $140.44 million during 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, analysts forecast that Main Street Capital Co. will post 4.11 earnings per share for the current fiscal year.

Main Street Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, June 6th will be paid a $0.25 dividend. The ex-dividend date is Friday, June 6th. This represents a $3.00 annualized dividend and a dividend yield of 5.10%. Main Street Capital’s payout ratio is 54.35%.

Analyst Ratings Changes

Separately, B. Riley raised their price target on Main Street Capital from $49.00 to $51.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Main Street Capital currently has a consensus rating of “Hold” and an average price target of $48.80.

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.