Cwm LLC Trims Stake in Main Street Capital Corporation $MAIN

Cwm LLC lowered its position in Main Street Capital Corporation (NYSE:MAIN) by 22.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 50,874 shares of the financial services provider’s stock after selling 14,372 shares during the quarter. Cwm LLC owned about 0.06% of Main Street Capital worth $3,072,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp boosted its stake in Main Street Capital by 100.9% during the third quarter. Van ECK Associates Corp now owns 2,448,201 shares of the financial services provider’s stock valued at $155,681,000 after buying an additional 1,229,863 shares during the period. UBS Group AG increased its stake in Main Street Capital by 160.7% in the 3rd quarter. UBS Group AG now owns 866,884 shares of the financial services provider’s stock worth $55,125,000 after acquiring an additional 534,374 shares during the last quarter. Childress Capital Advisors LLC increased its stake in Main Street Capital by 165.2% in the 4th quarter. Childress Capital Advisors LLC now owns 293,733 shares of the financial services provider’s stock worth $17,739,000 after acquiring an additional 182,973 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Main Street Capital by 90.5% in the 3rd 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. Finally, HRT Financial LP raised its holdings in shares of Main Street Capital by 147.7% in the 2nd quarter. HRT Financial LP now owns 213,431 shares of the financial services provider’s stock valued at $12,613,000 after acquiring an additional 127,270 shares in the last quarter. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on MAIN shares. Wall Street Zen raised Main Street Capital from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. Noble Financial reaffirmed a “neutral” rating on shares of Main Street Capital in a research note on Thursday, January 15th. Citizens Jmp dropped their target price on shares of Main Street Capital from $74.00 to $70.00 and set a “market outperform” rating for the company in a research report on Wednesday. Citigroup reissued an “outperform” rating on shares of Main Street Capital in a research note on Tuesday, January 27th. Finally, Loop Capital raised shares of Main Street Capital to a “neutral” rating and set a $65.00 price target on the stock in a report on Thursday, January 15th. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Main Street Capital presently has a consensus rating of “Hold” and a consensus target price of $61.71.

Main Street Capital Price Performance

MAIN opened at $54.04 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. The stock’s 50 day simple moving average is $55.64 and its 200 day simple moving average is $58.48. The firm has a market cap of $4.87 billion, a price-to-earnings ratio of 9.79 and a beta of 0.80. Main Street Capital Corporation has a 1 year low of $50.77 and a 1 year high of $67.77.

Main Street Capital (NYSE:MAIN) last announced its quarterly earnings data on Thursday, February 26th. The financial services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.03. Main Street Capital had a return on equity of 12.44% and a net margin of 87.11%.The firm had revenue of $156.17 million during the quarter, compared to the consensus estimate of $141.50 million. As a group, analysts predict that Main Street Capital Corporation will post 4.02 earnings per share for the current year.

Main Street Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 8th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Wednesday, April 8th. Main Street Capital’s dividend payout ratio is currently 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.