Milestone Asset Management LLC Has $329,000 Stock Position in Main Street Capital Co. (NYSE:MAIN)

Milestone Asset Management LLC raised its holdings in Main Street Capital Co. (NYSE:MAIN) by 5.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,515 shares of the financial services provider’s stock after purchasing an additional 356 shares during the quarter. Milestone Asset Management LLC’s holdings in Main Street Capital were worth $329,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Paradiem LLC grew its holdings in shares of Main Street Capital by 53.5% during the 4th quarter. Paradiem LLC now owns 183,490 shares of the financial services provider’s stock valued at $7,932,000 after purchasing an additional 63,928 shares during the last quarter. Corient Private Wealth LLC grew its position in Main Street Capital by 226.1% during the 4th quarter. Corient Private Wealth LLC now owns 29,996 shares of the financial services provider’s stock worth $1,297,000 after acquiring an additional 20,799 shares during the last quarter. First Financial Bankshares Inc acquired a new position in Main Street Capital in the 4th quarter worth about $6,122,000. Marietta Wealth Management LLC bought a new position in Main Street Capital in the second quarter valued at about $581,000. Finally, Freestone Capital Holdings LLC bought a new stake in shares of Main Street Capital during the first quarter worth about $568,000. Institutional investors own 20.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MAIN shares. Oppenheimer raised their price objective on shares of Main Street Capital from $43.00 to $44.00 and gave the company a “market perform” rating in a report on Tuesday, August 13th. B. Riley increased their price objective on Main Street Capital from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Truist Financial lifted their target price on Main Street Capital from $45.00 to $52.00 and gave the stock a “hold” rating in a report on Monday, May 13th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $52.00 price objective on shares of Main Street Capital in a research report on Wednesday, August 14th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $48.40.

Main Street Capital Trading Up 0.4 %

NYSE MAIN opened at $49.50 on Tuesday. The stock has a market capitalization of $4.24 billion, a P/E ratio of 9.03 and a beta of 1.29. The business has a 50 day simple moving average of $50.15 and a 200 day simple moving average of $48.28. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.10 and a quick ratio of 0.10. Main Street Capital Co. has a one year low of $37.70 and a one year high of $52.39.

Main Street Capital (NYSE:MAIN) last issued its earnings results on Thursday, August 8th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.01. Main Street Capital had a net margin of 89.11% and a return on equity of 14.83%. The business had revenue of $132.15 million for the quarter, compared to analyst estimates of $132.62 million. During the same period in the prior year, the firm earned $1.06 earnings per share. Research analysts expect that Main Street Capital Co. will post 4.08 earnings per share for the current year.

Main Street Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.245 per share. This represents a $2.94 dividend on an annualized basis and a dividend yield of 5.94%. The ex-dividend date is Friday, December 6th. Main Street Capital’s dividend payout ratio is currently 53.65%.

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.