Apexium Financial LP Acquires New Position in Main Street Capital Co. (NYSE:MAIN)

Apexium Financial LP bought a new position in shares of Main Street Capital Co. (NYSE:MAIN) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,150 shares of the financial services provider’s stock, valued at approximately $302,000.

A number of other institutional investors have also recently bought and sold shares of MAIN. Godsey & Gibb Inc. acquired a new stake in shares of Main Street Capital in the 3rd quarter valued at approximately $28,000. Truvestments Capital LLC acquired a new stake in Main Street Capital in the third quarter worth $39,000. Prospera Private Wealth LLC bought a new position in shares of Main Street Capital during the third quarter worth $50,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Main Street Capital in the 3rd quarter valued at $50,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Main Street Capital by 59.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,089 shares of the financial services provider’s stock valued at $55,000 after buying an additional 405 shares in the last quarter. Institutional investors and hedge funds own 20.31% of the company’s stock.

Main Street Capital Stock Down 0.6 %

Shares of MAIN stock opened at $60.78 on Tuesday. The company has a market capitalization of $5.36 billion, a price-to-earnings ratio of 11.01 and a beta of 1.28. Main Street Capital Co. has a 12-month low of $43.90 and a 12-month high of $61.37. The firm has a fifty day moving average of $56.88 and a 200-day moving average of $52.67. 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 (NYSE:MAIN) last released its quarterly earnings results on Thursday, November 7th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.02). The firm had revenue of $136.82 million during the quarter, compared to analyst estimates of $137.57 million. Main Street Capital had a net margin of 89.25% and a return on equity of 13.83%. During the same period in the prior year, the business earned $1.04 EPS. As a group, equities research analysts predict that Main Street Capital Co. will post 4.11 earnings per share for the current fiscal year.

Main Street Capital Announces Dividend

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 given a dividend of $0.30 per share. This represents a $3.60 dividend on an annualized basis and a yield of 5.92%. The ex-dividend date of this dividend is Friday, February 7th. Main Street Capital’s dividend payout ratio (DPR) is currently 54.35%.

Wall Street Analysts Forecast Growth

Separately, B. Riley lifted 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 analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Main Street Capital presently has a consensus rating of “Hold” and a consensus target price of $48.80.

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.