Main Street Capital Co. (NYSE:MAIN) Shares Bought by Farther Finance Advisors LLC

Farther Finance Advisors LLC lifted its stake in shares of Main Street Capital Co. (NYSE:MAIN) by 1,641.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,943 shares of the financial services provider’s stock after acquiring an additional 2,774 shares during the period. Farther Finance Advisors LLC’s holdings in Main Street Capital were worth $148,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MAIN. Americana Partners LLC increased its holdings in shares of Main Street Capital by 1.5% during the 3rd quarter. Americana Partners LLC now owns 74,479 shares of the financial services provider’s stock worth $3,734,000 after buying an additional 1,074 shares during the last quarter. Focus Financial Network Inc. increased its position in Main Street Capital by 6.0% during the 3rd quarter. Focus Financial Network Inc. now owns 24,262 shares of the financial services provider’s stock worth $1,217,000 after purchasing an additional 1,365 shares in the last quarter. Adell Harriman & Carpenter Inc. raised its holdings in Main Street Capital by 3.5% in the third quarter. Adell Harriman & Carpenter Inc. now owns 419,255 shares of the financial services provider’s stock valued at $21,021,000 after buying an additional 14,045 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of Main Street Capital by 36.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 58,726 shares of the financial services provider’s stock worth $2,945,000 after acquiring an additional 15,813 shares in the last quarter. Finally, PFG Investments LLC increased its holdings in Main Street Capital by 6.9% in the 3rd quarter. PFG Investments LLC now owns 13,423 shares of the financial services provider’s stock valued at $673,000 after purchasing an additional 866 shares in the last quarter. 20.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Main Street Capital Trading Up 0.3 %

NYSE:MAIN opened at $51.87 on Monday. Main Street Capital Co. has a 12-month low of $40.25 and a 12-month high of $52.63. The firm has a market capitalization of $4.52 billion, a P/E ratio of 9.40 and a beta of 1.29. 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 business has a 50 day simple moving average of $50.60 and a 200 day simple moving average of $50.04.

Main Street Capital (NYSE:MAIN) 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. The firm 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 89.25% and a return on equity of 14.06%. During the same quarter in the prior year, the firm earned $1.06 EPS. Equities research analysts predict that Main Street Capital Co. will post 4.12 EPS for the current year.

Main Street Capital Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, March 7th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, March 7th. This represents a $3.00 annualized dividend and a yield of 5.78%. This is an increase from Main Street Capital’s previous monthly dividend of $0.25. Main Street Capital’s payout ratio is presently 53.26%.

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.