HUB Investment Partners LLC Boosts Position in Main Street Capital Co. (NYSE:MAIN)

HUB Investment Partners LLC boosted its holdings in shares of Main Street Capital Co. (NYSE:MAIN) by 29.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,796 shares of the financial services provider’s stock after buying an additional 3,827 shares during the quarter. HUB Investment Partners LLC’s holdings in Main Street Capital were worth $984,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Asset Planning Inc purchased a new position in Main Street Capital during the 4th quarter worth approximately $29,000. Truvestments Capital LLC purchased a new position in Main Street Capital during the 3rd quarter worth approximately $39,000. Prospera Private Wealth LLC acquired a new stake in shares of Main Street Capital during the 3rd quarter worth approximately $50,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Main Street Capital during the 3rd quarter worth approximately $50,000. Finally, AdvisorNet Financial Inc grew its stake in shares of Main Street Capital by 145.8% during the 4th quarter. AdvisorNet Financial Inc now owns 1,229 shares of the financial services provider’s stock worth $72,000 after purchasing an additional 729 shares during the period. 20.31% of the stock is owned by hedge funds and other institutional investors.

Main Street Capital Price Performance

Shares of NYSE MAIN opened at $57.81 on Friday. The stock has a market capitalization of $5.12 billion, a price-to-earnings ratio of 10.47 and a beta of 1.26. Main Street Capital Co. has a 12 month low of $45.00 and a 12 month high of $63.32. The firm’s 50 day simple moving average is $59.80 and its 200-day simple moving average is $55.33. 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 (NYSE:MAIN) last issued its quarterly earnings results on Thursday, February 27th. The financial services provider reported $1.02 EPS for the quarter, missing the consensus estimate 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%. Analysts expect that Main Street Capital Co. will post 4.11 EPS for the current year.

Main Street Capital Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 21st will be given a dividend of $0.30 per share. This represents a dividend yield of 7.11%. The ex-dividend date of this dividend is Thursday, March 20th. This is an increase from Main Street Capital’s previous dividend of $0.25. Main Street Capital’s dividend payout ratio is 51.37%.

Analyst Ratings Changes

Separately, Truist Financial raised their price objective 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.

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.