J.W. Cole Advisors Inc. Has $545,000 Holdings in Main Street Capital Co. (NYSE:MAIN)

J.W. Cole Advisors Inc. lifted its holdings in Main Street Capital Co. (NYSE:MAIN) by 15.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,617 shares of the financial services provider’s stock after purchasing an additional 1,653 shares during the period. J.W. Cole Advisors Inc.’s holdings in Main Street Capital were worth $545,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. DNB Asset Management AS raised its holdings in Main Street Capital by 71.7% in the 4th quarter. DNB Asset Management AS now owns 87,406 shares of the financial services provider’s stock worth $3,779,000 after acquiring an additional 36,498 shares during the period. SS&H Financial Advisors Inc. bought a new position in Main Street Capital in the 3rd quarter worth $821,000. Van ECK Associates Corp raised its holdings in Main Street Capital by 12.4% in the 3rd quarter. Van ECK Associates Corp now owns 805,063 shares of the financial services provider’s stock worth $32,709,000 after acquiring an additional 88,802 shares during the period. SMH Capital Advisors Inc. bought a new position in Main Street Capital in the 3rd quarter worth $738,000. Finally, Tudor Investment Corp Et Al bought a new position in Main Street Capital in the 3rd quarter worth $6,538,000. Institutional investors and hedge funds own 20.31% of the company’s stock.

Wall Street Analyst Weigh In

MAIN has been the topic of several recent analyst reports. Truist Financial lifted their target price on shares of Main Street Capital from $43.00 to $45.00 and gave the stock a “hold” rating in a report on Monday, February 26th. B. Riley downgraded shares of Main Street Capital from a “buy” rating to a “neutral” rating and set a $47.00 price objective on the stock. in a report on Monday, January 8th. Oppenheimer boosted their price objective on shares of Main Street Capital from $41.00 to $43.00 and gave the stock a “market perform” rating in a report on Monday, February 26th. Royal Bank of Canada boosted their price objective on shares of Main Street Capital from $46.00 to $48.00 and gave the stock an “outperform” rating in a report on Monday, January 22nd. Finally, UBS Group boosted their price objective on shares of Main Street Capital from $43.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $45.50.

Main Street Capital Stock Performance

NYSE MAIN opened at $48.69 on Wednesday. The stock has a market cap of $4.14 billion, a P/E ratio of 9.33 and a beta of 1.29. The company’s 50-day simple moving average is $46.34 and its 200 day simple moving average is $43.66. Main Street Capital Co. has a twelve month low of $37.70 and a twelve month high of $48.75. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.14.

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

Main Street Capital Increases Dividend

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

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.