Sigma Planning Corp Cuts Stock Position in Main Street Capital Co. (NYSE:MAIN)

Sigma Planning Corp lessened its holdings in Main Street Capital Co. (NYSE:MAIN) by 62.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 15,498 shares of the financial services provider’s stock after selling 25,709 shares during the period. Sigma Planning Corp’s holdings in Main Street Capital were worth $670,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Capital Investment Advisors LLC increased its stake in Main Street Capital by 0.5% in the 4th quarter. Capital Investment Advisors LLC now owns 52,334 shares of the financial services provider’s stock worth $2,262,000 after buying an additional 236 shares in the last quarter. Gradient Investments LLC boosted its holdings in shares of Main Street Capital by 10.3% during 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 during the last quarter. Larson Financial Group LLC boosted its holdings in shares of Main Street Capital by 0.7% during the 3rd quarter. Larson Financial Group LLC now owns 40,710 shares of the financial services provider’s stock valued at $1,654,000 after purchasing an additional 267 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Main Street Capital by 3.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 7,706 shares of the financial services provider’s stock valued at $313,000 after purchasing an additional 269 shares during the last quarter. Finally, Segment Wealth Management LLC boosted its holdings in shares of Main Street Capital by 0.7% during the 3rd quarter. Segment Wealth Management LLC now owns 42,069 shares of the financial services provider’s stock valued at $1,709,000 after purchasing an additional 310 shares during the last quarter. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Truist Financial increased their price objective on shares of 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 price target on shares of Main Street Capital from $41.00 to $43.00 and gave the company a “market perform” 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 target for the company. in a report on Monday, January 8th. UBS Group increased their price target on shares of Main Street Capital from $43.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Finally, Royal Bank of Canada increased their price target on shares of Main Street Capital from $46.00 to $48.00 and gave the company an “outperform” rating in a report on Monday, January 22nd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $45.50.

Main Street Capital Stock Up 0.2 %

Shares of NYSE MAIN opened at $48.79 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.09 and a quick ratio of 0.09. The company has a market cap of $4.15 billion, a P/E ratio of 9.35 and a beta of 1.29. Main Street Capital Co. has a 1 year low of $37.70 and a 1 year high of $48.86. The firm has a 50-day simple moving average of $46.43 and a two-hundred day simple moving average of $43.69.

Main Street Capital (NYSE:MAIN) last announced 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. The business had revenue of $129.31 million during the quarter, compared to the consensus estimate of $125.52 million. Main Street Capital had a net margin of 85.62% and a return on equity of 14.99%. Research analysts anticipate that Main Street Capital Co. will post 4.07 earnings per share for the current year.

Main Street Capital Increases Dividend

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