7,770 Shares in Main Street Capital Co. (NYSE:MAIN) Acquired by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. bought a new position in Main Street Capital Co. (NYSE:MAIN) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,770 shares of the financial services provider’s stock, valued at approximately $336,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its position in Main Street Capital by 2.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,425,606 shares of the financial services provider’s stock worth $135,175,000 after purchasing an additional 72,880 shares during the period. Burgundy Asset Management Ltd. lifted its position in shares of Main Street Capital by 2.1% during 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 acquiring an additional 21,085 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Main Street Capital by 12.4% during 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 acquiring an additional 88,802 shares during the last quarter. Morgan Stanley lifted its position in shares of Main Street Capital by 4.8% during the 3rd quarter. Morgan Stanley now owns 795,511 shares of the financial services provider’s stock valued at $32,322,000 after acquiring an additional 36,668 shares during the last quarter. Finally, Legal & General Group Plc lifted its position 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 valued at $23,902,000 after acquiring an additional 8,091 shares during the last quarter. 20.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Truist Financial increased their target price on shares of Main Street Capital from $43.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, February 26th. UBS Group raised their price target on Main Street Capital from $43.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Royal Bank of Canada raised their price target on Main Street Capital from $46.00 to $48.00 and gave the company an “outperform” rating in a research report on Monday, January 22nd. Oppenheimer increased their target price on shares of Main Street Capital from $41.00 to $43.00 and gave the company a “market perform” rating in a research note on Monday, February 26th. Finally, B. Riley cut shares of Main Street Capital from a “buy” rating to a “neutral” rating and set a $47.00 target price for the company. in a research note on Monday, January 8th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $45.50.

Main Street Capital Stock Down 0.6 %

Shares of MAIN opened at $46.68 on Tuesday. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 8.94 and a beta of 1.29. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.14. Main Street Capital Co. has a 12 month low of $37.70 and a 12 month high of $47.82. The company has a 50-day moving average price of $45.96 and a two-hundred day moving average price of $43.29.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. The company had revenue of $129.31 million during the quarter, compared to analyst estimates of $125.52 million. Main Street Capital had a net margin of 85.62% and a return on equity of 14.99%. Equities analysts predict that Main Street Capital Co. will post 4.07 EPS for the current fiscal year.

Main Street Capital Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 20th were issued a dividend of $0.30 per share. This is a positive change from Main Street Capital’s previous dividend of $0.24. The ex-dividend date was Tuesday, March 19th. This represents a dividend yield of 8.37%. Main Street Capital’s dividend payout ratio (DPR) is presently 55.17%.

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.