Shelton Capital Management trimmed its position in shares of Main Street Capital Co. (NYSE:MAIN) by 16.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 7,700 shares of the financial services provider’s stock after selling 1,500 shares during the period. Shelton Capital Management’s holdings in Main Street Capital were worth $228,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Marshall Wace North America L.P. acquired a new stake in shares of Main Street Capital during the 1st quarter valued at about $30,000. Signaturefd LLC lifted its holdings in shares of Main Street Capital by 736.4% during the 3rd quarter. Signaturefd LLC now owns 895 shares of the financial services provider’s stock valued at $26,000 after buying an additional 788 shares during the last quarter. WASHINGTON TRUST Co acquired a new stake in shares of Main Street Capital during the 3rd quarter valued at about $33,000. Gradient Investments LLC lifted its holdings in shares of Main Street Capital by 146.1% during the 3rd quarter. Gradient Investments LLC now owns 1,243 shares of the financial services provider’s stock valued at $37,000 after buying an additional 738 shares during the last quarter. Finally, Truvestments Capital LLC lifted its holdings in shares of Main Street Capital by 47.1% during the 2nd quarter. Truvestments Capital LLC now owns 1,387 shares of the financial services provider’s stock valued at $42,000 after buying an additional 444 shares during the last quarter. Institutional investors and hedge funds own 19.00% of the company’s stock.

Shares of NYSE MAIN opened at $31.15 on Friday. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average is $29.90 and its two-hundred day moving average is $30.48. The company has a market cap of $2.06 billion, a P/E ratio of -54.65 and a beta of 1.43. Main Street Capital Co. has a 12 month low of $14.11 and a 12 month high of $45.10.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings results on Thursday, November 5th. The financial services provider reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.02). The business had revenue of $51.95 million during the quarter, compared to the consensus estimate of $51.59 million. Main Street Capital had a positive return on equity of 10.12% and a negative net margin of 34.15%. The business’s quarterly revenue was down 13.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.62 earnings per share. Sell-side analysts expect that Main Street Capital Co. will post 2.02 earnings per share for the current fiscal year.

The firm also recently declared a monthly dividend, which will be paid on Monday, March 15th. Shareholders of record on Friday, February 26th will be given a $0.205 dividend. This represents a $2.46 annualized dividend and a yield of 7.90%. The ex-dividend date of this dividend is Thursday, February 25th. Main Street Capital’s dividend payout ratio is currently 98.40%.

A number of brokerages recently weighed in on MAIN. Zacks Investment Research raised Main Street Capital from a “sell” rating to a “hold” rating in a research note on Thursday, November 12th. Raymond James reissued a “hold” rating on shares of Main Street Capital in a research note on Wednesday, September 30th. Finally, Truist Financial raised their price objective on Main Street Capital from $28.00 to $33.00 in a research note on Wednesday, August 12th. Five investment analysts have rated the stock with a hold rating, Main Street Capital presently has an average rating of “Hold” and an average price target of $28.25.

Main Street Capital Company Profile

Main Street Capital Corporation is a principal investment firm that primarily provides equity capital to lower middle market companies and debt capital to middle market companies. Main Street's portfolio investments are typically made to support management buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in diverse industry sectors.

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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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