TCTC Holdings LLC Boosts Stock Holdings in Main Street Capital Co. (NYSE:MAIN)

TCTC Holdings LLC boosted its position in shares of Main Street Capital Co. (NYSE:MAIN) by 1.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,991 shares of the financial services provider’s stock after acquiring an additional 1,800 shares during the period. TCTC Holdings LLC owned 0.13% of Main Street Capital worth $6,912,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Van ECK Associates Corp grew its stake 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 acquiring an additional 92,833 shares in the last quarter. Adell Harriman & Carpenter Inc. grew its stake in Main Street Capital by 1.5% during the fourth quarter. Adell Harriman & Carpenter Inc. now owns 425,552 shares of the financial services provider’s stock valued at $24,929,000 after acquiring an additional 6,297 shares in the last quarter. Paradiem LLC grew its stake in Main Street Capital by 0.3% during the fourth quarter. Paradiem LLC now owns 280,593 shares of the financial services provider’s stock valued at $16,437,000 after acquiring an additional 732 shares in the last quarter. Muzinich & Co. Inc. grew its stake in Main Street Capital by 5.0% during the fourth quarter. Muzinich & Co. Inc. now owns 222,977 shares of the financial services provider’s stock valued at $13,062,000 after acquiring an additional 10,593 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in Main Street Capital by 5.0% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 220,517 shares of the financial services provider’s stock valued at $12,918,000 after acquiring an additional 10,593 shares in the last quarter. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Truist Financial boosted their price objective on shares of Main Street Capital from $52.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, March 3rd.

Main Street Capital Price Performance

MAIN stock opened at $56.32 on Monday. 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 Co. has a one year low of $45.00 and a one year high of $63.32. The stock has a market cap of $4.99 billion, a PE ratio of 10.20 and a beta of 1.26. The firm has a 50 day simple moving average of $59.86 and a two-hundred day simple moving average of $55.18.

Main Street Capital (NYSE:MAIN) last released its quarterly earnings results on Thursday, February 27th. The financial services provider reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.06). The company had revenue of $140.44 million during the quarter, compared to analysts’ expectations of $141.40 million. Main Street Capital had a return on equity of 13.83% and a net margin of 89.25%. On average, analysts predict that Main Street Capital Co. will post 4.11 EPS for the current fiscal year.

Main Street Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, June 6th will be issued a $0.25 dividend. The ex-dividend date is Friday, June 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 5.33%. Main Street Capital’s payout ratio is 51.37%.

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.