Milestone Asset Management LLC Purchases 3,843 Shares of Main Street Capital Co. (NYSE:MAIN)

Milestone Asset Management LLC grew its position in Main Street Capital Co. (NYSE:MAIN) by 58.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 10,392 shares of the financial services provider’s stock after buying an additional 3,843 shares during the quarter. Milestone Asset Management LLC’s holdings in Main Street Capital were worth $609,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Godsey & Gibb Inc. bought a new position in shares of Main Street Capital in the third quarter valued at approximately $28,000. Truvestments Capital LLC acquired a new stake in shares of Main Street Capital in the third quarter valued at approximately $39,000. Prospera Private Wealth LLC acquired a new stake in shares of Main Street Capital in the third quarter valued at approximately $50,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Main Street Capital in the third quarter valued at approximately $50,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Main Street Capital by 59.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,089 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 405 shares in the last quarter. Institutional investors own 20.31% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Main Street Capital Price Performance

MAIN opened at $60.69 on Thursday. The company has a fifty day moving average price of $57.20 and a two-hundred day moving average price of $52.80. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.08 and a current ratio of 0.08. Main Street Capital Co. has a 52 week low of $43.90 and a 52 week high of $61.53. The firm has a market capitalization of $5.35 billion, a PE ratio of 10.99 and a beta of 1.28.

Main Street Capital (NYSE:MAIN) last released 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). The business had revenue of $136.82 million for the quarter, compared to analyst estimates 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 period in the prior year, the firm posted $1.04 EPS. As a group, analysts anticipate that Main Street Capital Co. will post 4.11 earnings per share for the current year.

Main Street Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.93%. Main Street Capital’s dividend payout ratio is 54.35%.

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.