AllSquare Wealth Management LLC raised its holdings in shares of Main Street Capital Co. (NYSE:MAIN) by 10.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,050 shares of the financial services provider’s stock after buying an additional 2,000 shares during the period. Main Street Capital comprises approximately 0.6% of AllSquare Wealth Management LLC’s investment portfolio, making the stock its 21st biggest position. AllSquare Wealth Management LLC’s holdings in Main Street Capital were worth $849,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Green Square Capital LLC purchased a new position in shares of Main Street Capital during the second quarter valued at approximately $203,000. Good Life Advisors LLC purchased a new position in shares of Main Street Capital during the third quarter valued at approximately $204,000. Comerica Bank purchased a new position in shares of Main Street Capital during the third quarter valued at approximately $221,000. Verity Asset Management Inc. boosted its position in shares of Main Street Capital by 20.8% during the second quarter. Verity Asset Management Inc. now owns 7,429 shares of the financial services provider’s stock valued at $283,000 after buying an additional 1,279 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of Main Street Capital during the second quarter valued at approximately $327,000. Institutional investors and hedge funds own 23.94% of the company’s stock.
Several research firms have recently weighed in on MAIN. Zacks Investment Research raised shares of Main Street Capital from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Saturday, October 6th. Janney Montgomery Scott set a $35.00 price target on shares of Main Street Capital and gave the company a “hold” rating in a research note on Friday. SunTrust Banks reaffirmed a “hold” rating and set a $40.00 price target on shares of Main Street Capital in a research note on Friday, August 3rd. National Securities lifted their price target on shares of Main Street Capital from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday, August 8th. Finally, Raymond James raised shares of Main Street Capital from a “market perform” rating to an “outperform” rating and set a $41.00 price target for the company in a research note on Monday. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $39.50.
Main Street Capital stock opened at $38.40 on Tuesday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.21. Main Street Capital Co. has a fifty-two week low of $34.37 and a fifty-two week high of $41.79. The company has a market cap of $2.25 billion, a PE ratio of 16.07 and a beta of 0.83.
Main Street Capital (NYSE:MAIN) last posted its quarterly earnings results on Thursday, November 1st. The financial services provider reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.01. Main Street Capital had a net margin of 95.77% and a return on equity of 10.80%. The firm had revenue of $58.26 million during the quarter, compared to the consensus estimate of $59.19 million. During the same quarter in the previous year, the firm posted $0.60 earnings per share. The company’s revenue was up 12.5% on a year-over-year basis. On average, sell-side analysts predict that Main Street Capital Co. will post 2.53 EPS for the current year.
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be paid a $0.195 dividend. This represents a $2.34 dividend on an annualized basis and a yield of 6.09%. The ex-dividend date is Friday, December 28th. Main Street Capital’s dividend payout ratio (DPR) is 97.91%.
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Main Street Capital Company Profile
Main Street Capital Corporation is a business development company specializing in long- term equity and debt investments in small and lower middle market companies. The firm focuses on investments in, subordinated loans, private equity, venture debt, mezzanine investments, mature, mid venture, industry consolidation, later stage, late venture, emerging growth, management buyouts, change of control transactions, ownership transitions, recapitalizations, strategic acquisitions, refinancing, business expansion capital, growth financings, family estate planning, and other growth initiatives primarily for later stage businesses.
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