B. Riley Wealth Advisors Inc. Sells 5,733 Shares of Main Street Capital Co. (NYSE:MAIN)

B. Riley Wealth Advisors Inc. trimmed its position in shares of Main Street Capital Co. (NYSE:MAIN) by 9.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 52,939 shares of the financial services provider’s stock after selling 5,733 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Main Street Capital were worth $2,505,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MAIN. Sanders Morris Harris LLC purchased a new position in shares of Main Street Capital in the first quarter valued at approximately $9,889,000. First Financial Bankshares Inc purchased a new stake in Main Street Capital during the 4th quarter worth about $6,122,000. Confluence Investment Management LLC purchased a new position in Main Street Capital in the first quarter worth approximately $6,110,000. Van ECK Associates Corp raised its stake in Main Street Capital by 13.9% in the first quarter. Van ECK Associates Corp now owns 1,008,783 shares of the financial services provider’s stock valued at $47,726,000 after buying an additional 122,757 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. purchased a new stake in Main Street Capital during the fourth quarter worth approximately $4,884,000. 20.31% of the stock is owned by hedge funds and other institutional investors.

Main Street Capital Stock Performance

MAIN stock traded down $0.27 during midday trading on Wednesday, hitting $51.18. 403,752 shares of the company traded hands, compared to its average volume of 356,551. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 9.39 and a beta of 1.29. Main Street Capital Co. has a twelve month low of $37.70 and a twelve month high of $52.39. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.11. The business has a 50 day simple moving average of $50.03 and a 200-day simple moving average of $47.87.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings results on Thursday, May 9th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.02. The company 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 period last year, the business posted $1.02 earnings per share. As a group, equities research analysts predict that Main Street Capital Co. will post 4.08 earnings per share for the current year.

Main Street Capital Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, June 27th. Investors of record on Monday, June 24th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, June 21st. This represents a yield of 7.55%. Main Street Capital’s dividend payout ratio (DPR) is presently 53.65%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on MAIN shares. B. Riley boosted their price target 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. Truist Financial increased their target price on Main Street Capital from $45.00 to $52.00 and gave the company a “hold” rating in a report on Monday, May 13th. Finally, Royal Bank of Canada upped their target price 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. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $48.20.

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.