Joel Isaacson & Co. LLC Grows Stock Position in Main Street Capital Co. (NYSE:MAIN)

Joel Isaacson & Co. LLC increased its holdings in Main Street Capital Co. (NYSE:MAIN) by 0.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 128,170 shares of the financial services provider’s stock after buying an additional 174 shares during the quarter. Joel Isaacson & Co. LLC owned 0.15% of Main Street Capital worth $7,508,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of MAIN. Franklin Resources Inc. raised its stake in Main Street Capital by 19.3% during the 3rd quarter. Franklin Resources Inc. now owns 217,461 shares of the financial services provider’s stock worth $11,119,000 after acquiring an additional 35,227 shares during the period. Segment Wealth Management LLC boosted its stake in shares of Main Street Capital by 15.8% in the fourth quarter. Segment Wealth Management LLC now owns 50,368 shares of the financial services provider’s stock worth $2,951,000 after acquiring an additional 6,856 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in Main Street Capital by 9.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 209,924 shares of the financial services provider’s stock valued at $10,526,000 after purchasing an additional 18,059 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Main Street Capital by 188.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 20,176 shares of the financial services provider’s stock worth $1,012,000 after purchasing an additional 13,177 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in Main Street Capital in the 3rd quarter worth approximately $1,029,000. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Wall Street Analyst Weigh In

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

Main Street Capital Stock Performance

NYSE:MAIN opened at $61.06 on Friday. The stock’s 50 day simple moving average is $58.22 and its two-hundred day simple moving average is $53.30. Main Street Capital Co. has a 1 year low of $43.90 and a 1 year high of $62.19. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08. The company has a market cap of $5.38 billion, a price-to-earnings ratio of 11.06 and a beta of 1.28.

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

Main Street Capital Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 10th will be given a $0.25 dividend. This represents a yield of 4.91%. The ex-dividend date is Friday, February 7th. Main Street Capital’s dividend payout ratio (DPR) is currently 54.35%.

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.