Cetera Investment Advisers Grows Position in Main Street Capital Corporation $MAIN

Cetera Investment Advisers raised its position in shares of Main Street Capital Corporation (NYSE:MAIN) by 9.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,075 shares of the financial services provider’s stock after buying an additional 4,521 shares during the period. Cetera Investment Advisers owned about 0.06% of Main Street Capital worth $3,078,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of MAIN. Jones Financial Companies Lllp lifted its holdings in Main Street Capital by 45,123.0% during the 1st quarter. Jones Financial Companies Lllp now owns 590,613 shares of the financial services provider’s stock worth $33,405,000 after buying an additional 589,307 shares during the last quarter. Invesco Ltd. raised its holdings in Main Street Capital by 282.5% during the first quarter. Invesco Ltd. now owns 532,267 shares of the financial services provider’s stock worth $30,105,000 after purchasing an additional 393,101 shares in the last quarter. Adell Harriman & Carpenter Inc. boosted its stake in shares of Main Street Capital by 1.5% in the second quarter. Adell Harriman & Carpenter Inc. now owns 454,495 shares of the financial services provider’s stock valued at $26,861,000 after buying an additional 6,853 shares in the last quarter. Sound Income Strategies LLC lifted its stake in shares of Main Street Capital by 3.2% in the second 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 during the period. Finally, Muzinich & Co. Inc. raised its holdings in Main Street Capital by 28.2% during the second quarter. Muzinich & Co. Inc. now owns 316,808 shares of the financial services provider’s stock worth $18,723,000 after purchasing an additional 69,701 shares during the last quarter. Institutional investors and hedge funds own 20.31% of the company’s stock.

Main Street Capital Stock Performance

Shares of MAIN opened at $57.67 on Friday. Main Street Capital Corporation has a one year low of $47.00 and a one year high of $67.77. The stock has a market cap of $5.17 billion, a price-to-earnings ratio of 9.50 and a beta of 0.84. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09. The company has a 50-day moving average of $59.11 and a two-hundred day moving average of $60.80.

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

Main Street Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, March 6th will be issued a dividend of $0.26 per share. The ex-dividend date is Friday, March 6th. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. Main Street Capital’s dividend payout ratio (DPR) is currently 50.75%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Main Street Capital in a research report on Monday. Truist Financial lowered their target price on Main Street Capital from $64.00 to $60.00 and set a “hold” rating for the company in a research note on Wednesday, October 15th. B. Riley dropped their price objective 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. Royal Bank Of Canada boosted their price target 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, Zacks Research lowered Main Street Capital from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Main Street Capital presently has a consensus rating of “Hold” and a consensus target price 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.