Main Street Capital Co. (NYSE:MAIN) Shares Acquired by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. increased its holdings in Main Street Capital Co. (NYSE:MAINFree Report) by 73.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,139 shares of the financial services provider’s stock after buying an additional 483 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Main Street Capital were worth $49,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Balboa Wealth Partners boosted its holdings in shares of Main Street Capital by 30.9% in the 4th quarter. Balboa Wealth Partners now owns 14,956 shares of the financial services provider’s stock valued at $647,000 after buying an additional 3,528 shares during the period. Corient Private Wealth LLC boosted its stake in Main Street Capital by 226.1% during the 4th quarter. Corient Private Wealth LLC now owns 29,996 shares of the financial services provider’s stock valued at $1,297,000 after purchasing an additional 20,799 shares during the period. Coldstream Capital Management Inc. acquired a new position in Main Street Capital during the 4th quarter valued at about $1,291,000. Verity Asset Management Inc. acquired a new position in Main Street Capital during the 4th quarter valued at about $202,000. Finally, Meridian Wealth Management LLC boosted its stake in Main Street Capital by 12.2% during the 4th quarter. Meridian Wealth Management LLC now owns 110,998 shares of the financial services provider’s stock valued at $4,798,000 after purchasing an additional 12,113 shares during the period. 20.31% of the stock is owned by institutional investors and hedge funds.

Main Street Capital Trading Up 1.1 %

Shares of NYSE:MAIN opened at $49.00 on Monday. The company has a 50 day moving average of $48.36 and a 200-day moving average of $45.54. The firm has a market cap of $4.20 billion, a P/E ratio of 8.94 and a beta of 1.28. Main Street Capital Co. has a twelve month low of $37.70 and a twelve month high of $51.10. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.11.

Main Street Capital (NYSE:MAINGet Free Report) last issued its quarterly earnings results on Thursday, May 9th. The financial services provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.02. The company had revenue of $131.61 million during the quarter, compared to analyst estimates of $128.00 million. Main Street Capital had a net margin of 89.11% and a return on equity of 14.83%. During the same period in the prior year, the business posted $1.02 EPS. As a group, analysts anticipate that Main Street Capital Co. will post 4.06 earnings per share for the current fiscal year.

Main Street Capital Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, June 27th. Investors of record on Friday, June 21st will be issued a $0.30 dividend. The ex-dividend date is Friday, June 21st. Main Street Capital’s payout ratio is currently 52.55%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MAIN. UBS Group boosted their target price on shares of Main Street Capital from $43.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Oppenheimer boosted their target price on shares of Main Street Capital from $41.00 to $43.00 and gave the company a “market perform” rating in a research note on Monday, February 26th. B. Riley boosted their target price on shares of Main Street Capital from $47.00 to $49.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Truist Financial boosted their target price on shares of Main Street Capital from $45.00 to $52.00 and gave the company a “hold” rating in a research note on Monday, May 13th. Finally, Royal Bank of Canada boosted their target price on shares of Main Street Capital from $48.00 to $52.00 and gave the company an “outperform” rating in a research note on Tuesday, April 30th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $47.67.

Read Our Latest Stock Report on MAIN

About Main Street Capital

(Free Report)

Main Street Capital Corporation is a business development company specializes in equity capital to lower middle market companies. The firm specializing in recapitalizations, management buyouts, refinancing, family estate planning, management buyouts, refinancing, industry consolidation, mature, later stage emerging growth.

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

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