American National Bank & Trust Makes New Investment in Main Street Capital Corporation $MAIN

Key Points

• American National Bank & Trust has acquired 6,000 shares of Main Street Capital Corporation, valued at approximately $355,000, as part of their second quarter investment activities.
• Main Street Capital recently announced a quarterly dividend of $0.30, with a yield of 1.9%, to be paid on October 15th to shareholders of record on October 8th.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Main Street Capital, with an average price target of $61.20, indicating potential growth for the company's stock.

American National Bank & Trust acquired a new position in shares of Main Street Capital Corporation (NYSE:MAIN - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,000 shares of the financial services provider's stock, valued at approximately $355,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. MKT Advisors LLC bought a new position in shares of Main Street Capital during the 2nd quarter worth about $203,000. Financial Management Professionals Inc. boosted its position in shares of Main Street Capital by 45.0% during the 2nd quarter. Financial Management Professionals Inc. now owns 1,196 shares of the financial services provider's stock worth $71,000 after purchasing an additional 371 shares in the last quarter. Accurate Wealth Management LLC bought a new position in shares of Main Street Capital during the 2nd quarter worth about $242,000. AdvisorNet Financial Inc boosted its position in shares of Main Street Capital by 71.2% during the 2nd quarter. AdvisorNet Financial Inc now owns 2,244 shares of the financial services provider's stock worth $133,000 after purchasing an additional 933 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC boosted its position in shares of Main Street Capital by 8.4% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 139,452 shares of the financial services provider's stock worth $8,242,000 after purchasing an additional 10,853 shares in the last quarter. Institutional investors own 20.31% of the company's stock.

Main Street Capital Trading Down 0.0%

NYSE:MAIN opened at $63.71 on Friday. 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 has a market cap of $5.70 billion, a price-to-earnings ratio of 10.50 and a beta of 0.88. 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 price of $65.31 and a two-hundred day moving average price of $59.54.

Main Street Capital (NYSE:MAIN - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The financial services provider reported $0.99 EPS for the quarter, meeting the consensus estimate of $0.99. The firm had revenue of $143.97 million during 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, equities analysts expect that Main Street Capital Corporation will post 4.11 earnings per share for the current fiscal year.

Main Street Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 8th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, October 8th. This represents a $1.20 annualized dividend and a yield of 1.9%. Main Street Capital's dividend payout ratio (DPR) is 50.41%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MAIN. UBS Group reissued a "neutral" rating and set a $58.00 price objective (up previously from $56.00) on shares of Main Street Capital in a research report on Wednesday, July 16th. B. Riley increased their price objective on shares of Main Street Capital from $60.00 to $64.00 and gave the stock a "neutral" rating in a research report on Monday, August 18th. Wall Street Zen raised shares of Main Street Capital from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. Royal Bank Of Canada raised 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. Finally, Zacks Research raised shares of Main Street Capital from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $61.20.

Insider Buying and Selling

In other Main Street Capital news, Director Nicholas Meserve sold 14,000 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $67.15, for a total value of $940,100.00. Following the completion of the sale, the director owned 82,383 shares in the company, valued at approximately $5,532,018.45. This trade represents a 14.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 4.00% of the company's stock.

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.

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