Secure Asset Management LLC Invests $264,000 in Main Street Capital Co. (NYSE:MAIN)

Secure Asset Management LLC acquired a new stake in shares of Main Street Capital Co. (NYSE:MAIN) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 4,503 shares of the financial services provider’s stock, valued at approximately $264,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Benjamin Edwards Inc. raised its stake in shares of Main Street Capital by 971.3% during the third quarter. Benjamin Edwards Inc. now owns 141,165 shares of the financial services provider’s stock valued at $7,078,000 after acquiring an additional 127,988 shares during the last quarter. Joel Isaacson & Co. LLC raised its position in Main Street Capital by 3,098.3% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 127,996 shares of the financial services provider’s stock worth $6,418,000 after purchasing an additional 123,994 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in Main Street Capital by 7,077.4% during the 3rd quarter. International Assets Investment Management LLC now owns 112,182 shares of the financial services provider’s stock worth $5,625,000 after buying an additional 110,619 shares during the period. Van ECK Associates Corp grew its position in shares of Main Street Capital by 3.9% in the 3rd quarter. Van ECK Associates Corp now owns 1,195,476 shares of the financial services provider’s stock valued at $61,758,000 after buying an additional 45,381 shares during the last quarter. Finally, Atom Investors LP acquired a new stake in shares of Main Street Capital in the third quarter valued at about $2,233,000. Institutional investors own 20.31% of the company’s stock.

Wall Street Analyst Weigh In

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

Main Street Capital Stock Performance

MAIN stock opened at $61.13 on Friday. Main Street Capital Co. has a 1-year low of $43.90 and a 1-year high of $61.37. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average price of $56.88 and a 200-day moving average price of $52.67. The firm has a market cap of $5.39 billion, a PE ratio of 11.07 and a beta of 1.28.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings results on Thursday, November 7th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.02). The business had revenue of $136.82 million during the quarter, compared to analyst estimates of $137.57 million. Main Street Capital had a net margin of 89.25% and a return on equity of 13.83%. During the same period last year, the firm posted $1.04 earnings per share. As a group, equities research analysts expect that Main Street Capital Co. will post 4.11 earnings per share for the current year.

Main Street Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be paid a $0.30 dividend. This represents a $3.60 annualized dividend and a yield of 5.89%. The ex-dividend date is Friday, February 7th. Main Street Capital’s dividend payout ratio (DPR) is currently 54.35%.

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.