Brighton Jones LLC Invests $235,000 in Main Street Capital Co. (NYSE:MAIN)

Brighton Jones LLC bought a new position in shares of Main Street Capital Co. (NYSE:MAIN) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,430 shares of the financial services provider’s stock, valued at approximately $235,000.

Other large investors have also modified their holdings of the company. Signaturefd LLC increased its stake in Main Street Capital by 157.9% in the 3rd quarter. Signaturefd LLC now owns 1,220 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 747 shares in the last quarter. BluePath Capital Management LLC purchased a new position in Main Street Capital in the 3rd quarter valued at approximately $81,000. AdvisorNet Financial Inc increased its stake in Main Street Capital by 938.0% in the 4th quarter. AdvisorNet Financial Inc now owns 2,128 shares of the financial services provider’s stock valued at $92,000 after purchasing an additional 1,923 shares in the last quarter. Tucker Asset Management LLC increased its stake in Main Street Capital by 262.3% in the 3rd quarter. Tucker Asset Management LLC now owns 2,420 shares of the financial services provider’s stock valued at $98,000 after purchasing an additional 1,752 shares in the last quarter. Finally, Gradient Investments LLC increased its stake in Main Street Capital by 10.3% in the 4th quarter. Gradient Investments LLC now owns 2,661 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 248 shares in the last quarter. 20.31% of the stock is owned by hedge funds and other institutional investors.

Main Street Capital Price Performance

MAIN stock opened at $50.37 on Friday. Main Street Capital Co. has a 52-week low of $37.70 and a 52-week high of $50.52. The stock’s fifty day simple moving average is $47.07 and its 200-day simple moving average is $44.14. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of 9.65 and a beta of 1.25.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.06. Main Street Capital had a return on equity of 14.99% and a net margin of 85.62%. The business had revenue of $129.31 million for the quarter, compared to analysts’ expectations of $125.52 million. Equities research analysts expect that Main Street Capital Co. will post 4.07 EPS for the current year.

Main Street Capital Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 20th were issued a dividend of $0.30 per share. This is a boost from Main Street Capital’s previous dividend of $0.24. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a dividend yield of 8.37%. Main Street Capital’s dividend payout ratio (DPR) is 55.17%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on MAIN shares. Royal Bank of Canada raised their price objective on Main Street Capital from $48.00 to $52.00 and gave the company an “outperform” rating in a research note on Tuesday. UBS Group increased their target price on Main Street Capital from $43.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Truist Financial increased their target price on Main Street Capital from $43.00 to $45.00 and gave the company a “hold” rating in a report on Monday, February 26th. Oppenheimer increased their target price on Main Street Capital from $41.00 to $43.00 and gave the company a “market perform” rating in a report on Monday, February 26th. Finally, B. Riley cut Main Street Capital from a “buy” rating to a “neutral” rating and set a $47.00 target price on the stock. in a report on Monday, January 8th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $46.17.

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.