22,910 Shares in Main Street Capital Corporation $MAIN Acquired by Generali Investments CEE investicni spolecnost a.s.

Key Points

• Generali Investments CEE has acquired 22,910 shares of Main Street Capital Corporation, valued at approximately $1.35 million, marking a new position for the firm.
• Significant increases in holdings have been observed from various institutional investors, with Jones Financial Companies expanding their stake by an astonishing 45,123% in the first quarter.
• Analysts project a favorable outlook for Main Street Capital, with price target upgrades resulting in a consensus target price of $61.20 and a consensus rating of "Moderate Buy".

Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Main Street Capital Corporation (NYSE:MAIN - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 22,910 shares of the financial services provider's stock, valued at approximately $1,354,000.

Other large investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its holdings in shares of Main Street Capital by 45,123.0% in the 1st quarter. Jones Financial Companies Lllp now owns 590,613 shares of the financial services provider's stock worth $33,405,000 after acquiring an additional 589,307 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Main Street Capital by 282.5% in the 1st quarter. Invesco Ltd. now owns 532,267 shares of the financial services provider's stock worth $30,105,000 after acquiring an additional 393,101 shares during the last quarter. Victory Capital Management Inc. acquired a new position in shares of Main Street Capital in the 1st quarter worth $6,205,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Main Street Capital in the 1st quarter worth $4,840,000. Finally, Segment Wealth Management LLC grew its holdings in shares of Main Street Capital by 134.3% in the 1st quarter. Segment Wealth Management LLC now owns 117,994 shares of the financial services provider's stock worth $6,674,000 after acquiring an additional 67,626 shares during the last quarter. 20.31% of the stock is currently owned by institutional investors.

Insider Activity at Main Street Capital

In other news, Director Nicholas Meserve sold 14,000 shares of the stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $67.15, for a total transaction of $940,100.00. Following the transaction, the director owned 82,383 shares in the company, valued at $5,532,018.45. This represents a 14.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.09% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MAIN shares. Royal Bank Of Canada upped their price target on shares of Main Street Capital from $52.00 to $67.00 and gave the company an "outperform" rating in a research report on Thursday, August 28th. Wall Street Zen upgraded shares of Main Street Capital from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. Zacks Research upgraded shares of Main Street Capital from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 20th. UBS Group restated a "neutral" rating and issued a $58.00 price target (up previously from $56.00) on shares of Main Street Capital in a research report on Wednesday, July 16th. Finally, B. Riley upped their price target on shares of Main Street Capital from $60.00 to $64.00 and gave the company a "neutral" rating in a research report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.20.

Main Street Capital Stock Up 0.4%

Main Street Capital stock opened at $63.58 on Wednesday. The firm has a market cap of $5.69 billion, a PE ratio of 10.47 and a beta of 0.88. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. The firm's 50 day moving average price is $65.28 and its two-hundred day moving average price is $59.68. Main Street Capital Corporation has a twelve month low of $47.00 and a twelve month high of $67.77.

Main Street Capital (NYSE:MAIN - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The financial services provider reported $0.99 earnings per share for the quarter, meeting the consensus estimate of $0.99. The firm had revenue of $143.97 million for the quarter, compared to analyst estimates of $137.23 million. Main Street Capital had a net margin of 96.16% and a return on equity of 12.70%. On average, research analysts predict that Main Street Capital Corporation will post 4.11 EPS for the current fiscal year.

Main Street Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 8th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, October 8th. This represents a $1.20 annualized dividend and a dividend yield of 1.9%. Main Street Capital's dividend payout ratio is 50.41%.

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.

Want to see what other hedge funds are holding MAIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Main Street Capital Corporation (NYSE:MAIN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.