Main Street Capital Co. (NYSE:MAIN) Shares Purchased by Americana Partners LLC

Americana Partners LLC raised its holdings in shares of Main Street Capital Co. (NYSE:MAIN) by 1.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 74,479 shares of the financial services provider’s stock after purchasing an additional 1,074 shares during the period. Americana Partners LLC owned about 0.09% of Main Street Capital worth $3,734,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MAIN. Godsey & Gibb Inc. acquired a new position in Main Street Capital during the 3rd quarter valued at about $28,000. Triad Wealth Partners LLC acquired a new position in shares of Main Street Capital during the second quarter worth approximately $38,000. Optimum Investment Advisors boosted its position in Main Street Capital by 100.0% during the 2nd 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 during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Main Street Capital by 59.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,089 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 405 shares during the period. Finally, International Assets Investment Management LLC bought a new position in shares of Main Street Capital in the second quarter valued at approximately $79,000. 20.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Main Street Capital Trading Up 0.2 %

MAIN traded up $0.08 during trading on Friday, reaching $51.42. The company had a trading volume of 104,755 shares, compared to its average volume of 358,691. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.07 and a current ratio of 0.07. Main Street Capital Co. has a 12-month low of $39.50 and a 12-month high of $52.62. The company has a market cap of $4.48 billion, a price-to-earnings ratio of 9.59 and a beta of 1.30. The firm’s 50-day simple moving average is $50.39 and its 200 day simple moving average is $49.86.

Main Street Capital (NYSE:MAIN) last released its earnings results on Thursday, August 8th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.01. The company had revenue of $132.15 million during the quarter, compared to analyst estimates of $132.62 million. Main Street Capital had a return on equity of 14.06% and a net margin of 87.58%. During the same quarter in the prior year, the company earned $1.06 earnings per share. Equities research analysts anticipate that Main Street Capital Co. will post 4.12 earnings per share for the current year.

Main Street Capital Dividend Announcement

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

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.