Plancorp LLC Makes New Investment in Main Street Capital Corporation $MAIN

Plancorp LLC purchased a new position in Main Street Capital Corporation (NYSE:MAIN - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,025 shares of the financial services provider's stock, valued at approximately $284,000.

Several other large investors have also made changes to their positions in MAIN. Invesco Ltd. lifted its position in shares of Main Street Capital by 282.5% during the 1st quarter. Invesco Ltd. now owns 532,267 shares of the financial services provider's stock worth $30,105,000 after purchasing an additional 393,101 shares during the last quarter. Victory Capital Management Inc. acquired a new position in shares of Main Street Capital during the 1st quarter worth about $6,205,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Main Street Capital during the 1st quarter worth about $4,840,000. Jefferies Financial Group Inc. acquired a new position in shares of Main Street Capital during the 4th quarter worth about $3,993,000. Finally, Segment Wealth Management LLC increased its stake in Main Street Capital by 134.3% during the first quarter. Segment Wealth Management LLC now owns 117,994 shares of the financial services provider's stock valued at $6,674,000 after acquiring an additional 67,626 shares during the period. Institutional investors and hedge funds own 20.31% of the company's stock.

Wall Street Analyst Weigh In

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

Main Street Capital Trading Down 0.4%

Shares of MAIN traded down $0.28 during trading hours on Friday, reaching $66.89. The stock had a trading volume of 455,138 shares, compared to its average volume of 458,883. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12. Main Street Capital Corporation has a 52 week low of $47.00 and a 52 week high of $67.77. The firm has a 50-day moving average of $64.95 and a 200 day moving average of $59.12. The company has a market cap of $5.98 billion, a P/E ratio of 11.02 and a beta of 0.88.

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

Main Street Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, November 7th will be given a dividend of $0.255 per share. The ex-dividend date is Friday, November 7th. This represents a c) annualized dividend and a yield of 4.6%. Main Street Capital's dividend payout ratio (DPR) is 50.41%.

Insider Activity at Main Street Capital

In other Main Street Capital news, EVP Jason B. Beauvais sold 13,664 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $59.37, for a total transaction of $811,231.68. Following the completion of the sale, the executive vice president directly owned 181,526 shares in the company, valued at $10,777,198.62. This trade represents a 7.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Nicholas Meserve sold 14,000 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $67.15, for a total transaction of $940,100.00. Following the transaction, the director directly owned 82,383 shares in the company, valued at $5,532,018.45. This represents a 14.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.00% of the company's stock.

About Main Street Capital

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.