Main Street Capital Target of Unusually Large Options Trading (NYSE:MAIN)

Main Street Capital Corporation (NYSE:MAIN) was the recipient of unusually large options trading activity on Monday. Traders purchased 2,569 put options on the stock. This is an increase of 205% compared to the typical volume of 841 put options.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on MAIN shares. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Main Street Capital in a report on Monday, December 22nd. Royal Bank Of Canada reduced their price target on Main Street Capital from $67.00 to $66.00 and set an “outperform” rating for the company in a report on Tuesday, December 9th. Noble Financial restated a “neutral” rating on shares of Main Street Capital in a research note on Thursday, January 15th. Loop Capital raised Main Street Capital to a “neutral” rating and set a $65.00 price objective on the stock in a report on Thursday, January 15th. Finally, Citizens Jmp set a $70.00 price objective on Main Street Capital in a research report on Monday, December 8th. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $61.71.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MAIN. Quest 10 Wealth Builders Inc. purchased a new stake in shares of Main Street Capital in the 3rd quarter worth about $25,000. City Holding Co. purchased a new position in Main Street Capital during the 3rd quarter valued at about $26,000. Garner Asset Management Corp purchased a new position in Main Street Capital during the 4th quarter valued at about $28,000. Smartleaf Asset Management LLC raised its position in Main Street Capital by 109.6% during the second quarter. Smartleaf Asset Management LLC now owns 478 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 250 shares during the last quarter. Finally, Investors Research Corp acquired a new position in Main Street Capital during the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Main Street Capital Trading Up 0.2%

Shares of Main Street Capital stock opened at $51.61 on Tuesday. The company has a 50-day moving average of $58.76 and a two-hundred day moving average of $59.71. Main Street Capital has a 12-month low of $47.00 and a 12-month high of $67.77. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.12. The stock has a market cap of $4.65 billion, a PE ratio of 9.35 and a beta of 0.80.

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

Main Street Capital Announces Dividend

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