Ameriflex Group Inc. Invests $1.25 Million in Main Street Capital Corporation $MAIN

Ameriflex Group Inc. acquired a new position in Main Street Capital Corporation (NYSE:MAIN) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 19,662 shares of the financial services provider’s stock, valued at approximately $1,250,000.

A number of other hedge funds also recently made changes to their positions in MAIN. Legal & General Group Plc raised its stake in Main Street Capital by 3.7% during the 2nd quarter. Legal & General Group Plc now owns 675,495 shares of the financial services provider’s stock worth $39,918,000 after acquiring an additional 24,248 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Main Street Capital by 90.5% in the third quarter. JPMorgan Chase & Co. now owns 382,450 shares of the financial services provider’s stock valued at $24,320,000 after acquiring an additional 181,733 shares in the last quarter. Muzinich & Co. Inc. boosted its stake in shares of Main Street Capital by 15.9% in the third quarter. Muzinich & Co. Inc. now owns 367,140 shares of the financial services provider’s stock worth $23,346,000 after acquiring an additional 50,332 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Main Street Capital by 16.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 334,542 shares of the financial services provider’s stock worth $21,274,000 after purchasing an additional 47,290 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Main Street Capital by 18.1% during the second quarter. Franklin Resources Inc. now owns 306,645 shares of the financial services provider’s stock worth $18,123,000 after purchasing an additional 47,000 shares in the last quarter. 20.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MAIN. B. Riley Financial cut their target price on shares of Main Street Capital from $64.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, November 12th. Citigroup restated an “outperform” rating on shares of Main Street Capital in a report on Tuesday, January 27th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Main Street Capital in a research note on Monday, December 22nd. Wall Street Zen upgraded shares of Main Street Capital from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. Finally, Citizens Jmp set a $70.00 price objective on shares of Main Street Capital in a research note on Monday, December 8th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $61.71.

Main Street Capital Stock Performance

MAIN opened at $57.41 on Friday. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.12. Main Street Capital Corporation has a 12-month low of $47.00 and a 12-month high of $67.77. The firm has a 50 day moving average of $60.97 and a two-hundred day moving average of $61.00. The firm has a market capitalization of $5.17 billion, a PE ratio of 10.40 and a beta of 0.80.

Main Street Capital (NYSE:MAIN) last released its quarterly earnings data on Thursday, February 26th. The financial services provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. Main Street Capital had a net margin of 87.11% and a return on equity of 12.44%. The firm had revenue of $156.17 million for the quarter, compared to analyst estimates of $141.50 million. On average, analysts anticipate that Main Street Capital Corporation will post 4.11 EPS for the current year.

Main Street Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 8th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, April 8th. Main Street Capital’s dividend payout ratio (DPR) is presently 56.52%.

About Main Street Capital

Main Street Capital Corporation (NYSE: MAIN) is a publicly traded business development company that provides flexible debt and equity capital to lower middle market companies in the United States. Headquartered in Houston, Texas, Main Street Capital was formed in 2007 and operates under the Investment Company Act of 1940. The firm’s management services are provided by Main Street Capital Management, L.P., which focuses on identifying growing private companies with enterprise values typically between $10 million and $150 million.

Main Street Capital’s primary offerings include first-lien senior secured loans, second-lien loans, subordinated debt, and equity co-investments or minority equity positions.