Hamilton Point Investment Advisors LLC Buys 1,949 Shares of Main Street Capital Co. (NYSE:MAIN)

Hamilton Point Investment Advisors LLC boosted its stake in Main Street Capital Co. (NYSE:MAIN) by 1.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,994 shares of the financial services provider’s stock after acquiring an additional 1,949 shares during the quarter. Hamilton Point Investment Advisors LLC owned 0.14% of Main Street Capital worth $5,014,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in MAIN. Price T Rowe Associates Inc. MD increased its stake in Main Street Capital by 2.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,425,606 shares of the financial services provider’s stock valued at $135,175,000 after buying an additional 72,880 shares during the last quarter. Burgundy Asset Management Ltd. increased its stake in Main Street Capital by 2.1% in the 3rd quarter. Burgundy Asset Management Ltd. now owns 1,020,535 shares of the financial services provider’s stock valued at $41,464,000 after buying an additional 21,085 shares during the last quarter. Van ECK Associates Corp increased its stake 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 valued at $32,709,000 after buying an additional 88,802 shares during the last quarter. Morgan Stanley increased its stake in Main Street Capital by 4.8% in the 3rd quarter. Morgan Stanley now owns 795,511 shares of the financial services provider’s stock valued at $32,322,000 after buying an additional 36,668 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Main Street Capital by 1.4% during the 3rd quarter. Legal & General Group Plc now owns 588,490 shares of the financial services provider’s stock worth $23,902,000 after purchasing an additional 8,091 shares during the last quarter. 20.31% of the stock is owned by institutional investors.

Main Street Capital Stock Performance

Shares of MAIN stock traded down $0.26 during midday trading on Monday, hitting $46.68. 409,471 shares of the company were exchanged, compared to its average volume of 361,312. The firm has a market capitalization of $3.97 billion, a P/E ratio of 8.94 and a beta of 1.29. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.09 and a current ratio of 0.09. The firm’s 50 day moving average price is $45.96 and its two-hundred day moving average price is $43.29. Main Street Capital Co. has a 52 week low of $37.70 and a 52 week high of $47.82.

Main Street Capital (NYSE:MAIN) last announced its earnings results on Thursday, February 22nd. The financial services provider reported $1.12 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%. As a group, equities 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 firm also recently disclosed a dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 20th were issued a $0.30 dividend. The ex-dividend date was Tuesday, March 19th. This represents a yield of 8.37%. This is an increase from Main Street Capital’s previous dividend of $0.24. Main Street Capital’s payout ratio is currently 55.17%.

Analyst Upgrades and Downgrades

MAIN has been the topic of several recent analyst reports. Truist Financial boosted their price objective on shares of Main Street Capital from $43.00 to $45.00 and gave the stock a “hold” rating in a research note on Monday, February 26th. 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 research note on Friday, March 1st. 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 research note on Monday, January 22nd. 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 research note on Monday, February 26th. Finally, B. Riley lowered 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 research note on Monday, January 8th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Main Street Capital has a consensus rating of “Hold” and an average price target of $45.50.

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.