US Bancorp DE Acquires 200 Shares of Main Street Capital Co. (NYSE:MAIN)

US Bancorp DE raised its position in Main Street Capital Co. (NYSE:MAIN) by 8.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,579 shares of the financial services provider’s stock after acquiring an additional 200 shares during the quarter. US Bancorp DE’s holdings in Main Street Capital were worth $151,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Wealthstar Advisors LLC purchased a new position in shares of Main Street Capital in the fourth quarter valued at about $1,326,000. Franklin Resources Inc. increased its position in shares of Main Street Capital by 19.3% in the third quarter. Franklin Resources Inc. now owns 217,461 shares of the financial services provider’s stock valued at $11,119,000 after acquiring an additional 35,227 shares during the period. Segment Wealth Management LLC increased its position in shares of Main Street Capital by 15.8% in the fourth quarter. Segment Wealth Management LLC now owns 50,368 shares of the financial services provider’s stock valued at $2,951,000 after acquiring an additional 6,856 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Main Street Capital by 9.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 209,924 shares of the financial services provider’s stock valued at $10,526,000 after acquiring an additional 18,059 shares during the period. Finally, Strategic Financial Concepts LLC purchased a new position in shares of Main Street Capital in the fourth quarter valued at about $2,626,000. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Analysts Set New Price Targets

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 report on Monday, March 3rd.

Main Street Capital Price Performance

Shares of NYSE MAIN opened at $56.32 on Friday. Main Street Capital Co. has a 1 year low of $45.00 and a 1 year high of $63.32. 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 company’s 50-day moving average is $59.86 and its 200 day moving average is $55.14. The stock has a market capitalization of $4.99 billion, a P/E ratio of 10.20 and a beta of 1.26.

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

Main Street Capital Announces Dividend

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

Main Street Capital Company 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.