Jones Financial Companies Lllp Has $77,000 Stock Position in Main Street Capital Co. (NYSE:MAIN)

Jones Financial Companies Lllp grew its position in Main Street Capital Co. (NYSE:MAIN) by 31.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,306 shares of the financial services provider’s stock after buying an additional 311 shares during the period. Jones Financial Companies Lllp’s holdings in Main Street Capital were worth $77,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wealthstar Advisors LLC acquired a new position in Main Street Capital in the 4th quarter worth $1,326,000. Franklin Resources Inc. boosted its stake in Main Street Capital by 19.3% in the 3rd quarter. Franklin Resources Inc. now owns 217,461 shares of the financial services provider’s stock worth $11,119,000 after purchasing an additional 35,227 shares during the period. Segment Wealth Management LLC boosted its stake in Main Street Capital by 15.8% in the 4th quarter. Segment Wealth Management LLC now owns 50,368 shares of the financial services provider’s stock worth $2,951,000 after purchasing an additional 6,856 shares during the period. Morgan Dempsey Capital Management LLC acquired a new position in Main Street Capital in the 4th quarter worth $6,007,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in Main Street Capital by 9.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 209,924 shares of the financial services provider’s stock worth $10,526,000 after purchasing an additional 18,059 shares during the period. Institutional investors and hedge funds own 20.31% of the company’s stock.

Main Street Capital Trading Up 2.9 %

Shares of NYSE:MAIN opened at $56.32 on Monday. The company’s 50-day moving average price is $59.86 and its two-hundred day moving average price is $55.18. 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 capitalization of $4.99 billion, a PE ratio of 10.20 and a beta of 1.26.

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

Main Street Capital Dividend Announcement

The company also recently announced 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%.

Analyst Upgrades and Downgrades

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

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.