CoreCap Advisors LLC Purchases 10,539 Shares of Main Street Capital Corporation $MAIN

CoreCap Advisors LLC increased its position in shares of Main Street Capital Corporation (NYSE:MAIN) by 16.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,499 shares of the financial services provider’s stock after acquiring an additional 10,539 shares during the period. CoreCap Advisors LLC owned about 0.08% of Main Street Capital worth $4,559,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Quest 10 Wealth Builders Inc. bought a new stake in Main Street Capital during the third quarter worth $25,000. City Holding Co. bought a new position in shares of Main Street Capital in the 3rd quarter valued at $26,000. Smartleaf Asset Management LLC lifted its position in shares of Main Street Capital by 109.6% during the 2nd quarter. Smartleaf Asset Management LLC now owns 478 shares of the financial services provider’s stock worth $28,000 after buying an additional 250 shares during the last quarter. Investors Research Corp acquired a new stake in Main Street Capital in the fourth quarter valued at about $30,000. Finally, Assetmark Inc. boosted its stake in Main Street Capital by 203.0% in the third quarter. Assetmark Inc. now owns 506 shares of the financial services provider’s stock valued at $32,000 after buying an additional 339 shares in the last quarter. 20.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on MAIN. Loop Capital raised Main Street Capital to a “neutral” rating and set a $65.00 target price for the company in a research note on Thursday, January 15th. Citigroup restated an “outperform” rating on shares of Main Street Capital in a research note on Tuesday, January 27th. Royal Bank Of Canada lowered their price objective on shares of Main Street Capital from $67.00 to $66.00 and set an “outperform” rating for the company in a research report on Tuesday, December 9th. Noble Financial reissued a “neutral” rating on shares of Main Street Capital in a research note on Thursday, January 15th. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of Main Street Capital in a research report on Monday, December 22nd. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Main Street Capital has an average rating of “Hold” and a consensus price target of $61.71.

Main Street Capital Trading Down 2.5%

MAIN opened at $51.58 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.06 and a quick ratio of 0.06. Main Street Capital Corporation has a fifty-two week low of $47.00 and a fifty-two week high of $67.77. The company’s 50 day moving average price is $59.01 and its two-hundred day moving average price is $59.91. The firm has a market capitalization of $4.65 billion, a price-to-earnings ratio of 9.34 and a beta of 0.80.

Main Street Capital (NYSE:MAIN) last released its quarterly earnings results on Thursday, February 26th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $141.50 million. As a group, research analysts predict that Main Street Capital Corporation will post 4.11 earnings per share for the current year.

Main Street Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 8th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, April 8th. This represents a $1.20 annualized dividend and a yield of 2.3%. Main Street Capital’s payout ratio is presently 56.52%.

Main Street Capital Profile

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.