Wealth Enhancement Advisory Services LLC Purchases 492 Shares of Main Street Capital Co. (NYSE:MAIN)

Wealth Enhancement Advisory Services LLC raised its position in Main Street Capital Co. (NYSE:MAIN) by 1.1% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 43,538 shares of the financial services provider’s stock after buying an additional 492 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Main Street Capital were worth $2,060,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. boosted its position in Main Street Capital by 73.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,139 shares of the financial services provider’s stock valued at $49,000 after buying an additional 483 shares during the last quarter. Scarborough Advisors LLC acquired a new position in shares of Main Street Capital in the 4th quarter valued at $72,000. Signaturefd LLC lifted its stake in shares of Main Street Capital by 41.5% in the 4th quarter. Signaturefd LLC now owns 1,726 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 506 shares during the period. Newbridge Financial Services Group Inc. lifted its stake in shares of Main Street Capital by 32.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 1,733 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 420 shares during the period. Finally, ICA Group Wealth Management LLC acquired a new position in shares of Main Street Capital in the 4th quarter valued at $86,000. 20.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Main Street Capital Stock Performance

Shares of Main Street Capital stock opened at $51.87 on Friday. The company has a market capitalization of $4.45 billion, a PE ratio of 9.47 and a beta of 1.29. Main Street Capital Co. has a 12 month low of $37.70 and a 12 month high of $52.02. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.11. The stock’s fifty day simple moving average is $49.51 and its 200 day simple moving average is $46.84.

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

Main Street Capital Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, June 27th. Shareholders of record on Monday, June 24th were issued a dividend of $0.30 per share. This represents a yield of 7.55%. The ex-dividend date of this dividend was Friday, June 21st. Main Street Capital’s dividend payout ratio (DPR) is presently 52.55%.

Main Street Capital Company 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.