Sanctuary Advisors LLC Decreases Stock Position in Main Street Capital Co. (NYSE:MAIN)

Sanctuary Advisors LLC trimmed its position in shares of Main Street Capital Co. (NYSE:MAIN) by 7.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,519 shares of the financial services provider’s stock after selling 1,131 shares during the period. Sanctuary Advisors LLC’s holdings in Main Street Capital were worth $892,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Benjamin Edwards Inc. lifted its position in shares of Main Street Capital by 971.3% during the 3rd quarter. Benjamin Edwards Inc. now owns 141,165 shares of the financial services provider’s stock worth $7,078,000 after buying an additional 127,988 shares during the last quarter. International Assets Investment Management LLC raised its stake in Main Street Capital by 7,077.4% during the 3rd quarter. International Assets Investment Management LLC now owns 112,182 shares of the financial services provider’s stock worth $5,625,000 after acquiring an additional 110,619 shares in the last quarter. Van ECK Associates Corp lifted its position in Main Street Capital by 7.8% in 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 during the last quarter. Strategic Financial Concepts LLC purchased a new stake in Main Street Capital in the fourth quarter valued at $2,626,000. Finally, Atom Investors LP acquired a new position in Main Street Capital in the third quarter valued at $2,233,000. 20.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, B. Riley lifted 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 issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $48.80.

Main Street Capital Stock Performance

Shares of MAIN opened at $58.88 on Friday. Main Street Capital Co. has a 12-month low of $45.00 and a 12-month high of $63.31. The stock has a market cap of $5.19 billion, a P/E ratio of 10.67 and a beta of 1.28. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average of $59.85 and a two-hundred day moving average of $54.42.

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

Main Street Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, June 6th will be paid a dividend of $0.25 per share. This represents a $3.00 dividend on an annualized basis and a yield of 5.10%. The ex-dividend date of this dividend is Friday, June 6th. Main Street Capital’s dividend payout ratio is currently 54.35%.

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.