HB Wealth Management LLC Has $263,000 Stock Holdings in Main Street Capital Corporation $MAIN

HB Wealth Management LLC lessened its holdings in Main Street Capital Corporation (NYSE:MAIN) by 59.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,457 shares of the financial services provider’s stock after selling 6,550 shares during the quarter. HB Wealth Management LLC’s holdings in Main Street Capital were worth $263,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Janney Montgomery Scott LLC boosted its holdings in shares of Main Street Capital by 4.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 18,417 shares of the financial services provider’s stock valued at $1,088,000 after purchasing an additional 716 shares in the last quarter. Taylor Frigon Capital Management LLC boosted its holdings in shares of Main Street Capital by 12.8% in the 2nd quarter. Taylor Frigon Capital Management LLC now owns 50,960 shares of the financial services provider’s stock valued at $3,012,000 after purchasing an additional 5,772 shares in the last quarter. Albion Financial Group UT boosted its holdings in shares of Main Street Capital by 0.4% in the 2nd quarter. Albion Financial Group UT now owns 95,112 shares of the financial services provider’s stock valued at $5,621,000 after purchasing an additional 345 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in shares of Main Street Capital by 3.2% in the 2nd quarter. Sound Income Strategies LLC now owns 345,827 shares of the financial services provider’s stock valued at $20,438,000 after purchasing an additional 10,819 shares in the last quarter. Finally, Uncommon Cents Investing LLC boosted its holdings in shares of Main Street Capital by 1.4% in the 2nd quarter. Uncommon Cents Investing LLC now owns 16,437 shares of the financial services provider’s stock valued at $971,000 after purchasing an additional 231 shares in the last quarter. Institutional investors and hedge funds own 20.31% of the company’s stock.

Insider Buying and Selling at Main Street Capital

In other news, Director Nicholas Meserve sold 14,000 shares of Main Street Capital stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $67.15, for a total value of $940,100.00. Following the completion of the transaction, the director directly owned 82,383 shares of the company’s stock, valued at approximately $5,532,018.45. This trade represents a 14.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 4.09% of the company’s stock.

Main Street Capital Stock Down 0.9%

Shares of MAIN opened at $62.40 on Tuesday. The stock’s 50-day moving average price is $65.08 and its two-hundred day moving average price is $59.84. Main Street Capital Corporation has a 12 month low of $47.00 and a 12 month high of $67.77. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $5.58 billion, a PE ratio of 10.28 and a beta of 0.87.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings data on Thursday, August 7th. The financial services provider reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. Main Street Capital had a return on equity of 12.70% and a net margin of 96.16%.The firm had revenue of $143.97 million during the quarter, compared to analyst estimates of $137.23 million. On average, analysts anticipate that Main Street Capital Corporation will post 4.11 EPS for the current year.

Main Street Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 8th will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, October 8th. This represents a $1.20 annualized dividend and a dividend yield of 1.9%. Main Street Capital’s dividend payout ratio (DPR) is 50.41%.

Analyst Upgrades and Downgrades

MAIN has been the topic of several recent research reports. Wall Street Zen raised Main Street Capital from a “sell” rating to a “hold” rating in a report on Sunday, August 3rd. Zacks Research raised Main Street Capital from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 20th. UBS Group reissued a “neutral” rating and set a $58.00 price objective (up previously from $56.00) on shares of Main Street Capital in a report on Wednesday, July 16th. Royal Bank Of Canada raised their price objective on Main Street Capital from $52.00 to $67.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Main Street Capital in a report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $61.20.

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.