Main Street Capital Co. (NYSE:MAIN) Holdings Lifted by Verity Asset Management Inc.

Verity Asset Management Inc. increased its holdings in shares of Main Street Capital Co. (NYSE:MAIN) by 11.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,950 shares of the financial services provider’s stock after purchasing an additional 523 shares during the quarter. Verity Asset Management Inc.’s holdings in Main Street Capital were worth $290,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Widmann Financial Services Inc. boosted its position in Main Street Capital by 0.9% during the third quarter. Widmann Financial Services Inc. now owns 22,990 shares of the financial services provider’s stock valued at $1,153,000 after purchasing an additional 202 shares during the last quarter. IHT Wealth Management LLC boosted its position in Main Street Capital by 0.3% during the third quarter. IHT Wealth Management LLC now owns 63,628 shares of the financial services provider’s stock valued at $3,190,000 after purchasing an additional 218 shares during the last quarter. PFG Investments LLC lifted its position in shares of Main Street Capital by 1.6% in the fourth quarter. PFG Investments LLC now owns 13,642 shares of the financial services provider’s stock worth $799,000 after buying an additional 219 shares during the last quarter. Sunbelt Securities Inc. lifted its position in shares of Main Street Capital by 7.0% in the third quarter. Sunbelt Securities Inc. now owns 3,509 shares of the financial services provider’s stock worth $176,000 after buying an additional 229 shares during the last quarter. Finally, CAP Partners LLC lifted its position in shares of Main Street Capital by 6.4% in the third quarter. CAP Partners LLC now owns 4,290 shares of the financial services provider’s stock worth $215,000 after buying an additional 258 shares during the last quarter. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Main Street Capital Price Performance

Shares of NYSE:MAIN opened at $61.83 on Wednesday. Main Street Capital Co. has a fifty-two week low of $43.90 and a fifty-two week high of $62.19. The business has a 50-day moving average of $57.97 and a two-hundred day moving average of $53.19. The stock has a market capitalization of $5.45 billion, a P/E ratio of 11.20 and a beta of 1.28. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings data 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). Main Street Capital had a return on equity of 13.83% and a net margin of 89.25%. The business had revenue of $136.82 million for the quarter, compared to analyst estimates of $137.57 million. During the same period in the prior year, the firm posted $1.04 EPS. On average, equities research analysts predict that Main Street Capital Co. will post 4.11 EPS for the current fiscal year.

Main Street Capital Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, March 7th will be given a dividend of $0.25 per share. This represents a $3.00 annualized dividend and a dividend yield of 4.85%. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Main Street Capital’s previous monthly dividend of $0.25. Main Street Capital’s payout ratio is currently 54.35%.

Analyst Ratings Changes

Separately, B. Riley boosted their price target on 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 equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $48.80.

Main Street Capital 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.