Capital World Investors Purchases 40,510 Shares of Main Street Capital Corporation $MAIN

Capital World Investors boosted its position in Main Street Capital Corporation (NYSE:MAIN) by 19.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 253,745 shares of the financial services provider’s stock after purchasing an additional 40,510 shares during the quarter. Capital World Investors’ holdings in Main Street Capital were worth $16,136,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Private Advisor Group LLC boosted its holdings in shares of Main Street Capital by 1.1% during the 3rd quarter. Private Advisor Group LLC now owns 172,752 shares of the financial services provider’s stock valued at $10,985,000 after buying an additional 1,831 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Main Street Capital in the 3rd quarter worth about $327,000. Ameriflex Group Inc. bought a new position in shares of Main Street Capital in the 3rd quarter worth about $1,250,000. United Capital Management of KS Inc. lifted its position in Main Street Capital by 9.8% during the 3rd quarter. United Capital Management of KS Inc. now owns 6,719 shares of the financial services provider’s stock valued at $427,000 after acquiring an additional 597 shares during the period. Finally, IFG Advisory LLC lifted its position in Main Street Capital by 17.9% during the 3rd quarter. IFG Advisory LLC now owns 4,273 shares of the financial services provider’s stock valued at $272,000 after acquiring an additional 650 shares during the period. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Main Street Capital Stock Down 3.6%

Shares of Main Street Capital stock opened at $54.65 on Friday. The company has a market cap of $4.92 billion, a price-to-earnings ratio of 9.90 and a beta of 0.80. The company’s 50 day moving average is $60.65 and its 200 day moving average is $60.75. Main Street Capital Corporation has a twelve month low of $47.00 and a twelve month high of $67.77. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.12.

Main Street Capital (NYSE:MAIN) last posted its earnings results on Thursday, February 26th. The financial services provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. The business had revenue of $156.17 million during the quarter, compared to the consensus estimate of $141.50 million. Main Street Capital had a net margin of 87.11% and a return on equity of 12.44%. Research analysts anticipate that Main Street Capital Corporation will post 4.11 EPS for the current year.

Main Street Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 8th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, April 8th. This represents a $1.20 annualized dividend and a dividend yield of 2.2%. Main Street Capital’s payout ratio is presently 56.52%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Royal Bank Of Canada cut their price objective on shares of Main Street Capital from $67.00 to $66.00 and set an “outperform” rating on the stock in a report on Tuesday, December 9th. Wall Street Zen upgraded shares of Main Street Capital from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. Weiss Ratings reissued a “buy (b+)” rating on shares of Main Street Capital in a research report on Monday, December 22nd. Citigroup restated an “outperform” rating on shares of Main Street Capital in a research note on Tuesday, January 27th. Finally, Loop Capital raised Main Street Capital to a “neutral” rating and set a $65.00 price objective for the company in a research report on Thursday, January 15th. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $61.71.

About Main Street Capital

Main Street Capital Corporation (NYSE: MAIN) is a publicly traded business development company that provides flexible debt and equity capital to lower middle market companies in the United States. Headquartered in Houston, Texas, Main Street Capital was formed in 2007 and operates under the Investment Company Act of 1940. The firm’s management services are provided by Main Street Capital Management, L.P., which focuses on identifying growing private companies with enterprise values typically between $10 million and $150 million.

Main Street Capital’s primary offerings include first-lien senior secured loans, second-lien loans, subordinated debt, and equity co-investments or minority equity positions.