AlphaQuest LLC Buys 15,513 Shares of Main Street Capital Co. (NYSE:MAIN)

AlphaQuest LLC raised its stake in shares of Main Street Capital Co. (NYSE:MAIN) by 136.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,853 shares of the financial services provider’s stock after purchasing an additional 15,513 shares during the quarter. AlphaQuest LLC’s holdings in Main Street Capital were worth $1,573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Van ECK Associates Corp lifted its position in Main Street Capital by 7.8% during the fourth quarter. Van ECK Associates Corp now owns 1,288,309 shares of the financial services provider’s stock valued at $75,469,000 after purchasing an additional 92,833 shares during the last quarter. Adell Harriman & Carpenter Inc. lifted its holdings in shares of Main Street Capital by 1.5% in the 4th quarter. Adell Harriman & Carpenter Inc. now owns 425,552 shares of the financial services provider’s stock worth $24,929,000 after acquiring an additional 6,297 shares during the last quarter. Paradiem LLC lifted its holdings in shares of Main Street Capital by 0.3% in the 4th quarter. Paradiem LLC now owns 280,593 shares of the financial services provider’s stock worth $16,437,000 after acquiring an additional 732 shares during the last quarter. Muzinich & Co. Inc. lifted its holdings in shares of Main Street Capital by 5.0% in the 4th quarter. Muzinich & Co. Inc. now owns 222,977 shares of the financial services provider’s stock worth $13,062,000 after acquiring an additional 10,593 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Main Street Capital by 5.0% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 220,517 shares of the financial services provider’s stock worth $12,918,000 after acquiring an additional 10,593 shares during the last quarter. 20.31% of the stock is currently owned by institutional investors.

Main Street Capital Stock Up 3.1 %

Shares of NYSE MAIN opened at $58.68 on Monday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.13. Main Street Capital Co. has a 52 week low of $45.00 and a 52 week high of $63.32. The firm’s fifty day moving average is $60.15 and its 200 day moving average is $54.94. The company has a market cap of $5.20 billion, a price-to-earnings ratio of 10.63 and a beta of 1.26.

Main Street Capital (NYSE:MAIN) last issued its earnings results on Thursday, February 27th. The financial services provider reported $1.02 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.06). Main Street Capital had a return on equity of 13.83% and a net margin of 89.25%. The firm had revenue of $140.44 million during the quarter, compared to analysts’ expectations of $141.40 million. On average, 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 company also recently announced a monthly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, June 6th will be paid a $0.25 dividend. This represents a $3.00 annualized dividend and a dividend yield of 5.11%. The ex-dividend date of this dividend is Friday, June 6th. Main Street Capital’s payout ratio is 51.37%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on MAIN shares. Truist Financial boosted their price objective on shares of Main Street Capital from $52.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, March 3rd. B. Riley boosted their price objective on shares of Main Street Capital from $49.00 to $51.00 and gave the stock a “neutral” rating in a report on Monday, November 11th.

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.