Buckingham Asset Management LLC acquired a new stake in Main Street Capital Co. (NYSE:MAIN) during the 1st quarter, HoldingsChannel reports. The firm acquired 6,279 shares of the financial services provider’s stock, valued at approximately $234,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Steward Partners Investment Advisory LLC grew its position in Main Street Capital by 4.4% in the first quarter. Steward Partners Investment Advisory LLC now owns 15,099 shares of the financial services provider’s stock valued at $561,000 after purchasing an additional 635 shares in the last quarter. Cullen Frost Bankers Inc. bought a new position in Main Street Capital in the first quarter valued at $133,000. Janney Montgomery Scott LLC grew its position in Main Street Capital by 32.3% in the first quarter. Janney Montgomery Scott LLC now owns 23,542 shares of the financial services provider’s stock valued at $876,000 after purchasing an additional 5,750 shares in the last quarter. RDA Financial Network bought a new position in Main Street Capital in the first quarter valued at $312,000. Finally, Quadrant Capital Group LLC bought a new position in Main Street Capital in the first quarter valued at $28,000. Institutional investors and hedge funds own 23.05% of the company’s stock.
A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Main Street Capital from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Tuesday. National Securities reaffirmed a “neutral” rating and issued a $38.00 target price on shares of Main Street Capital in a research report on Monday, March 4th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Main Street Capital has a consensus rating of “Hold” and an average target price of $39.80.
Shares of MAIN opened at $39.61 on Thursday. Main Street Capital Co. has a one year low of $31.95 and a one year high of $40.77. The stock has a market capitalization of $2.46 billion, a PE ratio of 15.23 and a beta of 0.96. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.23.
Main Street Capital (NYSE:MAIN) last announced its quarterly earnings data on Thursday, February 28th. The financial services provider reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Main Street Capital had a net margin of 72.08% and a return on equity of 10.76%. The company had revenue of $59.28 million during the quarter, compared to the consensus estimate of $59.60 million. On average, research analysts forecast that Main Street Capital Co. will post 2.54 earnings per share for the current fiscal year.
The company also recently disclosed a monthly dividend, which will be paid on Monday, September 16th. Stockholders of record on Tuesday, August 20th will be given a $0.205 dividend. This represents a $2.46 dividend on an annualized basis and a dividend yield of 6.21%. The ex-dividend date is Monday, August 19th. Main Street Capital’s dividend payout ratio (DPR) is presently 92.31%.
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.
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