Foundations Investment Advisors LLC Buys 8,061 Shares of Main Street Capital Co. (NYSE:MAIN)

Foundations Investment Advisors LLC boosted its position in shares of Main Street Capital Co. (NYSE:MAIN) by 53.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,239 shares of the financial services provider’s stock after buying an additional 8,061 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Main Street Capital were worth $1,361,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Van ECK Associates Corp grew its holdings in shares of Main Street Capital by 3.9% in the third quarter. Van ECK Associates Corp now owns 1,195,476 shares of the financial services provider’s stock worth $61,758,000 after purchasing an additional 45,381 shares during the last quarter. Adell Harriman & Carpenter Inc. increased its position in shares of Main Street Capital by 3.5% during the third quarter. Adell Harriman & Carpenter Inc. now owns 419,255 shares of the financial services provider’s stock worth $21,021,000 after acquiring an additional 14,045 shares during the period. Paradiem LLC raised its stake in shares of Main Street Capital by 0.3% during the fourth quarter. Paradiem LLC now owns 280,593 shares of the financial services provider’s stock valued at $16,437,000 after acquiring an additional 732 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Main Street Capital by 19.3% during 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 in the last quarter. Finally, Muzinich & Co. Inc. grew its stake in Main Street Capital by 9.3% in the third quarter. Muzinich & Co. Inc. now owns 212,384 shares of the financial services provider’s stock worth $10,649,000 after purchasing an additional 18,059 shares in the last quarter. Institutional investors own 20.31% of the company’s stock.

Main Street Capital Stock Up 1.0 %

Shares of NYSE MAIN opened at $61.33 on Wednesday. The stock has a market capitalization of $5.41 billion, a PE ratio of 11.11 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. Main Street Capital Co. has a 12-month low of $43.90 and a 12-month high of $61.44. The stock’s fifty day simple moving average is $57.20 and its two-hundred day simple moving average is $52.80.

Main Street Capital (NYSE:MAIN) last announced its earnings results on Thursday, November 7th. The financial services provider reported $1.00 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.02). Main Street Capital had a return on equity of 13.83% and a net margin of 89.25%. The firm had revenue of $136.82 million during the quarter, compared to the consensus estimate of $137.57 million. During the same quarter in the prior year, the firm posted $1.04 earnings per share. As a group, analysts expect that Main Street Capital Co. will post 4.11 EPS for the current fiscal year.

Main Street Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be issued a $0.30 dividend. This represents a $3.60 annualized dividend and a yield of 5.87%. The ex-dividend date of this dividend is Friday, February 7th. Main Street Capital’s dividend payout ratio is currently 54.35%.

Analyst Ratings Changes

Separately, B. Riley upped their target price on Main Street Capital from $49.00 to $51.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Main Street Capital has a consensus rating of “Hold” and a consensus price target of $48.80.

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.