U.S. Capital Wealth Advisors LLC Has $5.86 Million Stock Holdings in Main Street Capital Co. (NYSE:MAIN)

U.S. Capital Wealth Advisors LLC lowered its position in Main Street Capital Co. (NYSE:MAIN) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 135,644 shares of the financial services provider’s stock after selling 1,766 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Main Street Capital were worth $5,864,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Paradiem LLC increased its position in 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 grew its position in Main Street Capital by 71.7% during the fourth quarter. DNB Asset Management AS now owns 87,406 shares of the financial services provider’s stock worth $3,779,000 after buying an additional 36,498 shares in the last quarter. Van ECK Associates Corp raised its holdings in Main Street Capital by 12.4% in 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 acquiring an additional 88,802 shares in the last quarter. SMH Capital Advisors Inc. bought a new stake in shares of Main Street Capital in the 3rd quarter worth approximately $738,000. Finally, Tudor Investment Corp Et Al bought a new stake in shares of Main Street Capital during the third quarter valued at approximately $6,538,000. Institutional investors and hedge funds own 20.31% of the company’s stock.

Main Street Capital Trading Up 1.0 %

Shares of NYSE:MAIN traded up $0.48 during midday trading on Friday, hitting $50.37. The company had a trading volume of 311,907 shares, compared to its average volume of 294,845. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.14. Main Street Capital Co. has a 12 month low of $37.70 and a 12 month high of $50.52. The firm has a fifty day simple moving average of $47.07 and a 200 day simple moving average of $44.14. The stock has a market cap of $4.28 billion, a price-to-earnings ratio of 9.65 and a beta of 1.25.

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

Main Street Capital Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 20th were paid a $0.30 dividend. This is an increase from Main Street Capital’s previous dividend of $0.24. The ex-dividend date was Tuesday, March 19th. This represents a dividend yield of 8.37%. Main Street Capital’s dividend payout ratio (DPR) is currently 55.17%.

Analyst Ratings Changes

Several research firms have recently weighed in on MAIN. Oppenheimer upped their price objective on Main Street Capital from $41.00 to $43.00 and gave the company a “market perform” rating in a research note on Monday, February 26th. B. Riley lowered Main Street Capital from a “buy” rating to a “neutral” rating and set a $47.00 price objective on the stock. in a research note on Monday, January 8th. UBS Group raised their target price on 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 upped their price target on shares of Main Street Capital from $48.00 to $52.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Truist Financial upped their price objective on Main Street Capital from $43.00 to $45.00 and gave the stock a “hold” rating in a report on Monday, February 26th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $46.17.

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.