Raymond James Financial Services Advisors Inc. cut its stake in shares of Main Street Capital Co. (NYSE:MAIN) by 54.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 50,156 shares of the financial services provider’s stock after selling 59,441 shares during the period. Raymond James Financial Services Advisors Inc. owned about 0.09% of Main Street Capital worth $1,994,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Homrich & Berg grew its position in shares of Main Street Capital by 1.0% during the 2nd quarter. Homrich & Berg now owns 37,432 shares of the financial services provider’s stock valued at $1,440,000 after acquiring an additional 363 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of Main Street Capital by 6.0% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 94,577 shares of the financial services provider’s stock valued at $3,637,000 after acquiring an additional 5,374 shares during the period. M&T Bank Corp grew its position in shares of Main Street Capital by 6.4% during the 2nd quarter. M&T Bank Corp now owns 355,682 shares of the financial services provider’s stock valued at $13,680,000 after acquiring an additional 21,448 shares during the period. Capital Fund Management S.A. grew its position in shares of Main Street Capital by 103.3% during the 2nd quarter. Capital Fund Management S.A. now owns 18,500 shares of the financial services provider’s stock valued at $712,000 after acquiring an additional 9,400 shares during the period. Finally, Bank of Nova Scotia grew its position in shares of Main Street Capital by 31.1% during the 2nd quarter. Bank of Nova Scotia now owns 194,000 shares of the financial services provider’s stock valued at $7,461,000 after acquiring an additional 46,000 shares during the period. Institutional investors and hedge funds own 27.15% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Main Street Capital from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Raymond James Financial, Inc. raised shares of Main Street Capital from an “underperform” rating to a “market perform” rating in a research report on Tuesday, November 7th. National Securities reissued a “sell” rating and set a $33.00 price objective on shares of Main Street Capital in a research report on Monday, November 6th. BidaskClub raised shares of Main Street Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, ValuEngine raised shares of Main Street Capital from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $39.15.

Shares of Main Street Capital Co. (NYSE MAIN) traded up $0.03 during trading on Monday, reaching $40.42. 84,300 shares of the company traded hands, compared to its average volume of 235,544. The company has a market cap of $2,348.32, a P/E ratio of 17.50 and a beta of 1.02. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.10 and a quick ratio of 0.10. Main Street Capital Co. has a one year low of $35.25 and a one year high of $41.79.

Main Street Capital (NYSE:MAIN) last issued its earnings results on Thursday, November 2nd. The financial services provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.03. The company had revenue of $51.79 million during the quarter, compared to the consensus estimate of $50.89 million. Main Street Capital had a net margin of 79.87% and a return on equity of 10.14%. Main Street Capital’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.58 EPS. analysts anticipate that Main Street Capital Co. will post 2.33 earnings per share for the current fiscal year.

The company also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Friday, January 19th will be issued a $0.19 dividend. This represents a $2.28 annualized dividend and a yield of 5.64%. The ex-dividend date of this dividend is Thursday, January 18th. Main Street Capital’s dividend payout ratio is currently 80.28%.

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Main Street Capital Company 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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Institutional Ownership by Quarter for Main Street Capital (NYSE:MAIN)

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