Wesbanco Bank Inc. Invests $220,000 in Main Street Capital Co. (NYSE:MAIN)

Wesbanco Bank Inc. purchased a new position in Main Street Capital Co. (NYSE:MAIN) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,760 shares of the financial services provider’s stock, valued at approximately $220,000.

Several other institutional investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC grew its position in Main Street Capital by 2.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 20,670 shares of the financial services provider’s stock worth $1,211,000 after acquiring an additional 494 shares in the last quarter. Paradiem LLC grew its position in Main Street Capital by 0.3% in the fourth quarter. Paradiem LLC now owns 280,593 shares of the financial services provider’s stock worth $16,437,000 after acquiring an additional 732 shares in the last quarter. Monterey Private Wealth Inc. purchased a new position in Main Street Capital in the fourth quarter worth $220,000. Segment Wealth Management LLC grew its position in Main Street Capital by 15.8% in the fourth quarter. Segment Wealth Management LLC now owns 50,368 shares of the financial services provider’s stock worth $2,951,000 after acquiring an additional 6,856 shares in the last quarter. Finally, Thrive Wealth Management LLC purchased a new position in Main Street Capital in the fourth quarter worth $313,000. Institutional investors own 20.31% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, B. Riley upped their target price on shares of Main Street Capital from $49.00 to $51.00 and gave the stock a “neutral” rating in a research 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $48.80.

Main Street Capital Stock Performance

NYSE MAIN opened at $61.13 on Friday. The company has a 50-day simple moving average of $56.88 and a two-hundred day simple moving average of $52.66. The company has a quick ratio of 0.08, a current 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 $61.37. The firm has a market cap of $5.39 billion, a price-to-earnings ratio of 11.07 and a beta of 1.28.

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

Main Street Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be paid a $0.30 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 5.89%. The ex-dividend date of this dividend is Friday, February 7th. Main Street Capital’s payout ratio is currently 54.35%.

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.