3,689 Shares in Main Street Capital Co. (NYSE:MAIN) Bought by OLD National Bancorp IN

OLD National Bancorp IN purchased a new stake in Main Street Capital Co. (NYSE:MAIN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,689 shares of the financial services provider’s stock, valued at approximately $216,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Milestone Asset Management LLC boosted its stake in shares of Main Street Capital by 58.7% in the fourth quarter. Milestone Asset Management LLC now owns 10,392 shares of the financial services provider’s stock worth $609,000 after buying an additional 3,843 shares during the last quarter. Foundations Investment Advisors LLC boosted its position in Main Street Capital by 53.1% in the 4th quarter. Foundations Investment Advisors LLC now owns 23,239 shares of the financial services provider’s stock worth $1,361,000 after purchasing an additional 8,061 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Main Street Capital during the 4th quarter worth approximately $910,000. Apexium Financial LP purchased a new position in shares of Main Street Capital during the 4th quarter valued at approximately $302,000. Finally, PFG Investments LLC lifted its stake in shares of Main Street Capital by 1.6% in the 4th quarter. PFG Investments LLC now owns 13,642 shares of the financial services provider’s stock valued at $799,000 after purchasing an additional 219 shares during the period. 20.31% of the stock is owned by institutional investors and hedge funds.

Main Street Capital Price Performance

Main Street Capital stock opened at $61.93 on Monday. The stock has a market capitalization of $5.46 billion, a P/E ratio of 11.22 and a beta of 1.28. The company’s fifty day moving average price is $57.68 and its 200 day moving average price is $53.02. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.08 and a current ratio of 0.08. Main Street Capital Co. has a 1 year low of $43.90 and a 1 year high of $62.19.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings data on Thursday, November 7th. The financial services provider reported $1.00 EPS 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 analyst estimates 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 prior year, the company posted $1.04 earnings per share. As a group, equities research analysts anticipate that Main Street Capital Co. will post 4.11 earnings per share for the current fiscal year.

Main Street Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.30 per share. This represents a $3.60 dividend on an annualized basis and a yield of 5.81%. The ex-dividend date is Friday, February 7th. Main Street Capital’s dividend payout ratio (DPR) is currently 54.35%.

Analyst Upgrades and Downgrades

Separately, B. Riley raised their price target on shares of Main Street Capital from $49.00 to $51.00 and gave the company 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 issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target 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.