Albion Financial Group UT Reduces Stock Holdings in Main Street Capital Co. (NYSE:MAIN)

Albion Financial Group UT lowered its stake in shares of Main Street Capital Co. (NYSE:MAIN) by 1.0% during the fourth quarter, Holdings Channel reports. The firm owned 113,917 shares of the financial services provider’s stock after selling 1,130 shares during the period. Albion Financial Group UT’s holdings in Main Street Capital were worth $6,673,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MAIN. Godsey & Gibb Inc. purchased a new position in Main Street Capital during the 3rd quarter worth approximately $28,000. Truvestments Capital LLC acquired a new stake in shares of Main Street Capital in the third quarter valued at approximately $39,000. Prospera Private Wealth LLC acquired a new position in shares of Main Street Capital in the 3rd quarter valued at $50,000. Wilmington Savings Fund Society FSB purchased a new stake in Main Street Capital in the 3rd quarter valued at $50,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Main Street Capital by 59.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,089 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 405 shares during the period. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Main Street Capital Stock Performance

NYSE:MAIN opened at $60.83 on Wednesday. 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 firm has a market cap of $5.36 billion, a price-to-earnings ratio of 11.02 and a beta of 1.28. The firm’s fifty day moving average price is $56.19 and its 200 day moving average price is $52.42. Main Street Capital Co. has a 1-year low of $43.90 and a 1-year high of $60.98.

Main Street Capital (NYSE:MAIN) last issued its earnings results on Thursday, November 7th. The financial services provider reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.02). The firm had revenue of $136.82 million during the quarter, compared to analysts’ expectations 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 in the previous year, the firm earned $1.04 EPS. On average, sell-side analysts expect that Main Street Capital Co. will post 4.11 EPS for the current year.

Main Street Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be paid a $0.30 dividend. The ex-dividend date is Friday, February 7th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.92%. Main Street Capital’s dividend payout ratio (DPR) is presently 54.35%.

Analyst Upgrades and Downgrades

Separately, B. Riley lifted their price objective on shares of Main Street Capital from $49.00 to $51.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $48.80.

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.