Capital Investment Advisory Services LLC acquired a new stake in Main Street Capital Corporation (NYSE:MAIN) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,000 shares of the financial services provider’s stock, valued at approximately $259,000.
Several other large investors also recently bought and sold shares of MAIN. Tower Research Capital LLC TRC bought a new stake in shares of Main Street Capital Corporation during the 2nd quarter worth approximately $119,000. V Wealth Management LLC bought a new stake in shares of Main Street Capital Corporation during the 2nd quarter worth approximately $139,000. US Bancorp DE lifted its stake in shares of Main Street Capital Corporation by 15.6% during the 2nd quarter. US Bancorp DE now owns 3,707 shares of the financial services provider’s stock worth $143,000 after acquiring an additional 500 shares during the last quarter. Aperio Group LLC bought a new stake in shares of Main Street Capital Corporation during the 2nd quarter worth approximately $204,000. Finally, Stifel Financial Corp bought a new stake in Main Street Capital Corporation during the 2nd quarter valued at $231,000. 26.59% of the stock is owned by institutional investors and hedge funds.
MAIN has been the subject of a number of research analyst reports. Zacks Investment Research raised Main Street Capital Corporation from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Thursday, August 10th. BidaskClub lowered Main Street Capital Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. ValuEngine raised Main Street Capital Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, National Securities reaffirmed a “sell” rating and set a $33.00 target price on shares of Main Street Capital Corporation in a research report on Tuesday, August 8th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $38.98.
Shares of Main Street Capital Corporation (NYSE MAIN) traded up $0.85 during trading hours on Friday, hitting $40.96. The stock had a trading volume of 225,330 shares, compared to its average volume of 183,978. Main Street Capital Corporation has a twelve month low of $32.18 and a twelve month high of $41.06. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.10 and a quick ratio of 0.10. The stock has a market cap of $2,330.00, a P/E ratio of 17.36 and a beta of 1.05.
Main Street Capital Corporation (NYSE:MAIN) last issued its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. Main Street Capital Corporation had a net margin of 79.87% and a return on equity of 10.32%. The company had revenue of $51.79 million during the quarter, compared to analysts’ expectations of $50.89 million. During the same quarter in the previous year, the company earned $0.58 EPS. Main Street Capital Corporation’s revenue was up 11.1% on a year-over-year basis. sell-side analysts forecast that Main Street Capital Corporation will post 2.31 EPS for the current fiscal year.
The firm also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, January 19th will be given a dividend of $0.19 per share. This represents a $2.28 annualized dividend and a dividend yield of 5.57%. The ex-dividend date is Thursday, January 18th. Main Street Capital Corporation’s dividend payout ratio is 80.57%.
Main Street Capital Corporation 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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