Blue Trust Inc. Acquires 1,571 Shares of Main Street Capital Co. (NYSE:MAIN)

Blue Trust Inc. increased its holdings in shares of Main Street Capital Co. (NYSE:MAINFree Report) by 40.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,479 shares of the financial services provider’s stock after acquiring an additional 1,571 shares during the quarter. Blue Trust Inc.’s holdings in Main Street Capital were worth $277,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Triad Wealth Partners LLC bought a new position in Main Street Capital in the 2nd quarter valued at about $38,000. Optimum Investment Advisors increased its holdings in Main Street Capital by 100.0% in the 2nd quarter. Optimum Investment Advisors now owns 1,000 shares of the financial services provider’s stock valued at $50,000 after buying an additional 500 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Main Street Capital by 59.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,089 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 405 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Main Street Capital in the 2nd quarter valued at approximately $79,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Main Street Capital in the 2nd quarter valued at approximately $80,000. 20.31% of the stock is owned by institutional investors.

Main Street Capital Stock Up 0.2 %

NYSE:MAIN opened at $51.77 on Friday. The firm’s 50 day simple moving average is $50.17 and its 200 day simple moving average is $49.72. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.07 and a quick ratio of 0.07. Main Street Capital Co. has a one year low of $37.70 and a one year high of $52.62. The company has a market cap of $4.44 billion, a PE ratio of 9.45 and a beta of 1.30.

Main Street Capital (NYSE:MAINGet Free Report) last posted its earnings results on Thursday, August 8th. The financial services provider reported $1.01 EPS for the quarter, hitting the consensus estimate of $1.01. Main Street Capital had a net margin of 87.58% and a return on equity of 14.06%. The business had revenue of $132.15 million for the quarter, compared to the consensus estimate of $132.62 million. During the same period last year, the company earned $1.06 EPS. On average, research analysts anticipate that Main Street Capital Co. will post 4.12 earnings per share for the current year.

Main Street Capital Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a dividend of $0.30 per share. 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

A number of research firms have recently weighed in on MAIN. Oppenheimer raised their price target on shares of Main Street Capital from $43.00 to $44.00 and gave the company a “market perform” rating in a research note on Tuesday, August 13th. Royal Bank of Canada restated an “outperform” rating and issued a $52.00 price target on shares of Main Street Capital in a research note on Wednesday, August 14th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Main Street Capital presently has a consensus rating of “Hold” and an average price target of $48.40.

View Our Latest Stock Analysis on Main Street Capital

Main Street Capital Profile

(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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