Mercer Global Advisors Inc. ADV bought a new position in Main Street Capital Co. (NYSE:MAIN) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 5,717 shares of the financial services provider’s stock, valued at approximately $213,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of MAIN. BlackRock Inc. boosted its holdings in shares of Main Street Capital by 11.5% during the 3rd quarter. BlackRock Inc. now owns 273,473 shares of the financial services provider’s stock worth $10,529,000 after buying an additional 28,267 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Main Street Capital by 126.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 46,424 shares of the financial services provider’s stock worth $1,788,000 after buying an additional 25,929 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Main Street Capital by 29.3% during the 3rd quarter. Morgan Stanley now owns 212,861 shares of the financial services provider’s stock worth $8,195,000 after buying an additional 48,252 shares in the last quarter. CX Institutional boosted its holdings in shares of Main Street Capital by 2,788.0% during the 4th quarter. CX Institutional now owns 5,776 shares of the financial services provider’s stock worth $195,000 after buying an additional 5,576 shares in the last quarter. Finally, Capital Investment Advisors LLC boosted its holdings in shares of Main Street Capital by 1.1% during the 4th quarter. Capital Investment Advisors LLC now owns 44,134 shares of the financial services provider’s stock worth $1,492,000 after buying an additional 460 shares in the last quarter. Institutional investors and hedge funds own 23.10% of the company’s stock.

Shares of MAIN opened at $40.64 on Thursday. Main Street Capital Co. has a 12-month low of $31.95 and a 12-month high of $40.77. The company has a current ratio of 0.12, a quick ratio of 0.13 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $2.50 billion, a P/E ratio of 15.63 and a beta of 0.96.

Main Street Capital (NYSE:MAIN) last issued its earnings results on Thursday, May 9th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. Main Street Capital had a return on equity of 10.70% and a net margin of 73.33%. The company had revenue of $61.40 million for the quarter, compared to analysts’ expectations of $60.33 million. During the same period last year, the business earned $0.63 EPS. Main Street Capital’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Main Street Capital Co. will post 2.54 earnings per share for the current fiscal year.

The company also recently announced a monthly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, August 20th will be issued a $0.205 dividend. This represents a $2.46 dividend on an annualized basis and a dividend yield of 6.05%. The ex-dividend date is Monday, August 19th. Main Street Capital’s dividend payout ratio is currently 92.31%.

A number of equities analysts have issued reports on MAIN shares. National Securities restated a “neutral” rating and set a $38.00 price target on shares of Main Street Capital in a report on Monday, March 4th. Zacks Investment Research cut Main Street Capital from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $39.80.

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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.

Further Reading: Fundamental Analysis and Individual Investors

Want to see what other hedge funds are holding MAIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Main Street Capital Co. (NYSE:MAIN).

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

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