Main Street Capital Co. (NYSE:MAIN) Shares Sold by Susquehanna Portfolio Strategies LLC

Susquehanna Portfolio Strategies LLC trimmed its position in shares of Main Street Capital Co. (NYSE:MAIN) by 58.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,673 shares of the financial services provider’s stock after selling 31,376 shares during the period. Susquehanna Portfolio Strategies LLC’s holdings in Main Street Capital were worth $1,145,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MAIN. LifeSteps Financial Inc. purchased a new position in Main Street Capital during the 1st quarter valued at about $35,000. Triad Wealth Partners LLC purchased a new position in shares of Main Street Capital in the second quarter valued at approximately $38,000. Nomura Asset Management Co. Ltd. grew its holdings in shares of Main Street Capital by 73.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,139 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 483 shares in the last quarter. Optimum Investment Advisors increased its stake in Main Street Capital by 100.0% during the 2nd quarter. Optimum Investment Advisors now owns 1,000 shares of the financial services provider’s stock worth $50,000 after buying an additional 500 shares during the period. Finally, Scarborough Advisors LLC acquired a new stake in Main Street Capital during the 4th quarter worth approximately $72,000. 20.31% of the stock is currently owned by hedge funds and other institutional investors.

Main Street Capital Stock Down 0.1 %

Main Street Capital stock opened at $50.23 on Friday. The stock has a market cap of $4.31 billion, a PE ratio of 9.17 and a beta of 1.30. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.07 and a quick ratio of 0.07. The stock’s fifty day moving average is $49.61 and its two-hundred day moving average is $49.10. Main Street Capital Co. has a 1-year low of $37.70 and a 1-year high of $52.39.

Main Street Capital (NYSE:MAIN) last posted its earnings results on Thursday, August 8th. The financial services provider reported $1.01 earnings per share for the quarter, hitting the consensus estimate of $1.01. The firm had revenue of $132.15 million during the quarter, compared to analysts’ expectations of $132.62 million. Main Street Capital had a return on equity of 14.06% and a net margin of 87.58%. During the same quarter in the previous year, the business earned $1.06 earnings per share. On average, sell-side analysts expect that Main Street Capital Co. will post 4.13 EPS for the current fiscal year.

Main Street Capital Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a yield of 7.66%. Main Street Capital’s dividend payout ratio is presently 53.65%.

Analysts Set New Price Targets

MAIN has been the subject of several research reports. Oppenheimer boosted their price target on shares of Main Street Capital from $43.00 to $44.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 13th. Royal Bank of Canada restated an “outperform” rating and set a $52.00 price target on shares of Main Street Capital in a report on Wednesday, August 14th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $48.40.

About Main Street Capital

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.