Main Street Capital Co. (NYSE:MAIN) Shares Bought by Raymond James & Associates

Raymond James & Associates lifted its holdings in Main Street Capital Co. (NYSE:MAIN) by 24.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,500 shares of the financial services provider’s stock after acquiring an additional 11,646 shares during the period. Raymond James & Associates owned approximately 0.07% of Main Street Capital worth $2,983,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in MAIN. Marietta Wealth Management LLC acquired a new stake in shares of Main Street Capital during the second quarter worth approximately $581,000. Freestone Capital Holdings LLC acquired a new position in shares of Main Street Capital in the 1st quarter worth approximately $568,000. Cetera Advisors LLC increased its holdings in shares of Main Street Capital by 49.0% in the 1st quarter. Cetera Advisors LLC now owns 34,878 shares of the financial services provider’s stock valued at $1,650,000 after acquiring an additional 11,464 shares during the last quarter. Susquehanna Fundamental Investments LLC raised its position in shares of Main Street Capital by 238.5% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 34,020 shares of the financial services provider’s stock valued at $1,718,000 after acquiring an additional 23,970 shares in the last quarter. Finally, Entropy Technologies LP bought a new position in Main Street Capital during the first quarter worth $549,000. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Main Street Capital Trading Down 1.4 %

Main Street Capital stock opened at $49.95 on Tuesday. The stock has a market cap of $4.35 billion, a P/E ratio of 9.34 and a beta of 1.29. The company’s fifty day simple moving average is $50.42 and its 200-day simple moving average is $49.95. Main Street Capital Co. has a 12 month low of $39.87 and a 12 month high of $52.62. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.11.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings data on Thursday, August 8th. The financial services provider reported $1.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.01. The business had revenue of $132.15 million during the quarter, compared to analysts’ expectations of $132.62 million. Main Street Capital had a net margin of 87.58% and a return on equity of 14.06%. During the same period in the previous year, the company earned $1.06 earnings per share. As a group, sell-side analysts forecast that Main Street Capital Co. will post 4.12 EPS for the current fiscal year.

Main Street Capital Announces Dividend

The company also recently declared a dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued 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 (DPR) is 54.95%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MAIN shares. Royal Bank of Canada reissued an “outperform” rating and set a $52.00 price target on shares of Main Street Capital in a report on Wednesday, August 14th. Oppenheimer lifted their price target on Main Street Capital from $43.00 to $44.00 and gave the company a “market perform” rating in a research report on Tuesday, August 13th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Main Street Capital has an average rating of “Hold” and an average price target of $48.40.

Main Street Capital Company Profile

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.