Advisors Asset Management Inc. Boosts Stock Holdings in Main Street Capital Corporation $MAIN

Advisors Asset Management Inc. boosted its position in Main Street Capital Corporation (NYSE:MAIN) by 24.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 136,953 shares of the financial services provider’s stock after purchasing an additional 27,056 shares during the period. Advisors Asset Management Inc. owned about 0.15% of Main Street Capital worth $8,094,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in shares of Main Street Capital by 1.2% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 15,889 shares of the financial services provider’s stock valued at $939,000 after buying an additional 193 shares during the period. Nations Financial Group Inc. IA ADV grew its holdings in Main Street Capital by 2.4% during the first quarter. Nations Financial Group Inc. IA ADV now owns 9,520 shares of the financial services provider’s stock worth $538,000 after acquiring an additional 221 shares during the period. Uncommon Cents Investing LLC raised its position in Main Street Capital by 1.4% in the second quarter. Uncommon Cents Investing LLC now owns 16,437 shares of the financial services provider’s stock worth $971,000 after acquiring an additional 231 shares in the last quarter. US Bancorp DE boosted its position in shares of Main Street Capital by 9.4% during the 1st quarter. US Bancorp DE now owns 2,822 shares of the financial services provider’s stock worth $160,000 after purchasing an additional 243 shares in the last quarter. Finally, Coldstream Capital Management Inc. grew its position in Main Street Capital by 0.7% during the second quarter. Coldstream Capital Management Inc. now owns 36,705 shares of the financial services provider’s stock worth $2,169,000 after buying an additional 254 shares during the period. Institutional investors and hedge funds own 20.31% of the company’s stock.

Main Street Capital Stock Performance

Main Street Capital stock opened at $57.17 on Wednesday. Main Street Capital Corporation has a fifty-two week low of $47.00 and a fifty-two week high of $67.77. The company has a market capitalization of $5.12 billion, a price-to-earnings ratio of 9.42 and a beta of 0.84. The stock has a fifty day moving average of $59.44 and a two-hundred day moving average of $60.85. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings data on Thursday, November 6th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.09). The company had revenue of $151.23 million during the quarter, compared to analysts’ expectations of $140.53 million. Main Street Capital had a net margin of 96.16% and a return on equity of 12.70%. On average, analysts anticipate that Main Street Capital Corporation will post 4.11 EPS for the current fiscal year.

Main Street Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, March 6th will be paid a dividend of $0.26 per share. This represents a c) annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend is Friday, March 6th. Main Street Capital’s dividend payout ratio (DPR) is currently 50.75%.

Analyst Ratings Changes

A number of research analysts have issued reports on MAIN shares. Truist Financial dropped their target price on shares of Main Street Capital from $64.00 to $60.00 and set a “hold” rating for the company in a report on Wednesday, October 15th. 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 research note on Thursday, August 28th. Zacks Research downgraded Main Street Capital from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. B. Riley lowered their target price on Main Street Capital from $64.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Main Street Capital in a research report on Monday. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Main Street Capital currently has an average rating of “Hold” and a consensus price target of $59.60.

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.