Yorktown Management & Research Co Inc bought a new stake in shares of Main Street Capital Co. (NYSE:MAIN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,800 shares of the financial services provider’s stock, valued at approximately $350,000.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Muzinich & Co. Inc. grew its stake in Main Street Capital by 6.1% in the second quarter. Muzinich & Co. Inc. now owns 2,313,404 shares of the financial services provider’s stock worth $88,974,000 after purchasing an additional 133,731 shares during the period. Macquarie Group Ltd. grew its stake in Main Street Capital by 7.3% in the third quarter. Macquarie Group Ltd. now owns 1,105,132 shares of the financial services provider’s stock worth $43,929,000 after purchasing an additional 75,462 shares during the period. Van ECK Associates Corp grew its stake in Main Street Capital by 22.9% in the second quarter. Van ECK Associates Corp now owns 381,415 shares of the financial services provider’s stock worth $14,669,000 after purchasing an additional 70,945 shares during the period. Usca Ria LLC grew its stake in Main Street Capital by 127.4% in the second quarter. Usca Ria LLC now owns 372,302 shares of the financial services provider’s stock worth $14,319,000 after purchasing an additional 208,555 shares during the period. Finally, M&T Bank Corp grew its stake in Main Street Capital by 6.4% in the second quarter. M&T Bank Corp now owns 355,682 shares of the financial services provider’s stock worth $13,680,000 after purchasing an additional 21,448 shares during the period. 27.23% of the stock is currently owned by hedge funds and other institutional investors.
MAIN has been the topic of several recent research reports. Zacks Investment Research raised Main Street Capital from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Wednesday, November 8th. National Securities reaffirmed a “sell” rating and issued a $33.00 price target on shares of Main Street Capital in a research note on Monday, November 6th. BidaskClub downgraded Main Street Capital from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. ValuEngine raised Main Street Capital from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Raymond James Financial raised Main Street Capital from an “underperform” rating to a “market perform” rating in a report on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $39.15.
Shares of Main Street Capital Co. (MAIN) traded up $0.06 during trading hours on Thursday, hitting $40.24. The stock had a trading volume of 273,214 shares, compared to its average volume of 234,719. The company has a market capitalization of $2,318.69, a P/E ratio of 17.28 and a beta of 1.02. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.10 and a current ratio of 0.10. Main Street Capital Co. has a 1 year low of $35.25 and a 1 year high of $41.79.
Main Street Capital (NYSE:MAIN) last announced its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The firm had revenue of $51.79 million for the quarter, compared to the consensus estimate of $50.89 million. Main Street Capital had a return on equity of 10.14% and a net margin of 79.87%. The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.58 earnings per share. sell-side analysts expect that Main Street Capital Co. will post 2.33 EPS for the current year.
The firm also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, January 19th will be issued a dividend of $0.19 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.67%. The ex-dividend date is Thursday, January 18th. Main Street Capital’s payout ratio is currently 80.28%.
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Main Street Capital Profile
Main Street Capital Corporation (MSCC) is a principal investment firm. MSCC’s principal investment objective is to maximize its portfolio’s total return by generating current income from the Company’s debt investments and capital appreciation from its equity and equity related investments, including warrants, convertible securities and other rights to acquire equity securities in a portfolio company.
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