Joel Isaacson & Co. LLC Acquires 123,994 Shares of Main Street Capital Co. (NYSE:MAIN)

Joel Isaacson & Co. LLC raised its holdings in shares of Main Street Capital Co. (NYSE:MAIN) by 3,098.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 127,996 shares of the financial services provider’s stock after acquiring an additional 123,994 shares during the quarter. Joel Isaacson & Co. LLC owned about 0.15% of Main Street Capital worth $6,418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of MAIN. Godsey & Gibb Inc. purchased a new position in shares of Main Street Capital during the 3rd quarter valued at $28,000. Triad Wealth Partners LLC purchased a new position in Main Street Capital in the second quarter worth $38,000. Optimum Investment Advisors grew its position in Main Street Capital by 100.0% in the second quarter. Optimum Investment Advisors now owns 1,000 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 500 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Main Street Capital by 59.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,089 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 405 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in Main Street Capital in the second quarter worth $79,000. Institutional investors own 20.31% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on MAIN. Royal Bank of Canada restated an “outperform” rating and set a $52.00 price target on shares of Main Street Capital in a research report on Wednesday, August 14th. Oppenheimer upped their price target on shares of Main Street Capital from $43.00 to $44.00 and gave the company a “market perform” rating in a research report on Tuesday, August 13th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $48.40.

Main Street Capital Stock Performance

Shares of NYSE:MAIN opened at $51.68 on Friday. The company has a market cap of $4.50 billion, a price-to-earnings ratio of 9.66 and a beta of 1.30. The company has a 50-day moving average price of $50.22 and a 200-day moving average price of $49.75. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.11. Main Street Capital Co. has a 12 month low of $37.70 and a 12 month high of $52.62.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings data on Thursday, August 8th. The financial services provider reported $1.01 EPS for the quarter, meeting the consensus estimate of $1.01. The firm had revenue of $132.15 million during the quarter, compared to the consensus estimate of $132.62 million. Main Street Capital had a net margin of 87.58% and a return on equity of 14.06%. During the same period in the prior year, the firm posted $1.06 earnings per share. As a group, equities analysts anticipate that Main Street Capital Co. will post 4.12 EPS for the current year.

Main Street Capital Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a $0.30 dividend. This represents a yield of 7.66%. The ex-dividend date was Friday, September 20th. Main Street Capital’s payout ratio is currently 54.95%.

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.