Uncommon Cents Investing LLC Has $656,000 Stock Holdings in Main Street Capital Co. (NYSE:MAIN)

Uncommon Cents Investing LLC raised its holdings in shares of Main Street Capital Co. (NYSE:MAIN) by 14.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,865 shares of the financial services provider’s stock after acquiring an additional 1,760 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Main Street Capital were worth $656,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Nomura Asset Management Co. Ltd. raised its stake in shares of Main Street Capital by 73.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,139 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 483 shares in the last quarter. Scarborough Advisors LLC acquired a new position in Main Street Capital during the fourth quarter worth $72,000. Signaturefd LLC raised its position in Main Street Capital by 41.5% during the fourth quarter. Signaturefd LLC now owns 1,726 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 506 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its stake in Main Street Capital by 32.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,733 shares of the financial services provider’s stock valued at $75,000 after acquiring an additional 420 shares during the last quarter. Finally, ICA Group Wealth Management LLC acquired a new stake in Main Street Capital in the 4th quarter valued at about $86,000. Institutional investors own 20.31% of the company’s stock.

Main Street Capital Trading Up 0.9 %

NYSE MAIN traded up $0.47 during trading hours on Thursday, hitting $51.87. 288,382 shares of the company’s stock were exchanged, compared to its average volume of 328,450. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of 9.47 and a beta of 1.29. The stock has a 50-day simple moving average of $49.44 and a 200 day simple moving average of $46.80. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.11. Main Street Capital Co. has a 1-year low of $37.70 and a 1-year high of $52.02.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings data on Thursday, May 9th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.02. The firm had revenue of $131.61 million for the quarter, compared to the consensus estimate of $128.00 million. Main Street Capital had a net margin of 89.11% and a return on equity of 14.83%. During the same period in the previous year, the firm earned $1.02 EPS. On average, equities analysts forecast that Main Street Capital Co. will post 4.08 EPS for the current fiscal year.

Main Street Capital Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, June 27th. Stockholders of record on Monday, June 24th were issued a $0.30 dividend. This represents a dividend yield of 7.55%. The ex-dividend date was Friday, June 21st. Main Street Capital’s payout ratio is 52.55%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MAIN shares. Truist Financial raised their target price on shares of Main Street Capital from $45.00 to $52.00 and gave the stock a “hold” rating in a research note on Monday, May 13th. B. Riley upped their target price on Main Street Capital from $47.00 to $49.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Finally, Royal Bank of Canada lifted their price target on Main Street Capital from $48.00 to $52.00 and gave the stock an “outperform” rating in a report on Tuesday, April 30th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $48.20.

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.