Castleview Partners LLC Takes Position in Main Street Capital Corporation $MAIN

Key Points

• Castleview Partners LLC opened a new position in Main Street Capital in Q4, acquiring 23,680 shares worth about $1.43 million.
• Main Street beat Q4 expectations with EPS of $1.09 (vs. $1.06 est.) and revenue of $156.17M (vs. $141.5M), and declared a quarterly dividend of $0.30 ($1.20 annualized, ~2.2% yield; ex-dividend April 8, payable April 15).
• About 20.3% of the stock is held by institutions, highlighted by JPMorgan Chase boosting its stake 90.5% to 382,450 shares (~$24.32M), while analysts' consensus is a "Hold" with an average price target of $61.71.

Castleview Partners LLC acquired a new position in Main Street Capital Corporation (NYSE:MAIN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 23,680 shares of the financial services provider's stock, valued at approximately $1,430,000.

Several other large investors have also modified their holdings of the company. Focus Financial Network Inc. raised its holdings in Main Street Capital by 4.4% in the 4th quarter. Focus Financial Network Inc. now owns 38,798 shares of the financial services provider's stock worth $2,343,000 after acquiring an additional 1,623 shares during the period. Maridea Wealth Management LLC bought a new stake in Main Street Capital during the fourth quarter valued at about $431,000. Freedom Financial Partners LLC grew its position in shares of Main Street Capital by 3.3% in the fourth quarter. Freedom Financial Partners LLC now owns 5,356 shares of the financial services provider's stock valued at $323,000 after purchasing an additional 170 shares during the last quarter. Investors Research Corp acquired a new stake in shares of Main Street Capital in the fourth quarter valued at about $30,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Main Street Capital by 90.5% in the third quarter. JPMorgan Chase & Co. now owns 382,450 shares of the financial services provider's stock worth $24,320,000 after purchasing an additional 181,733 shares during the period. 20.31% of the stock is owned by institutional investors.

Main Street Capital Price Performance

Shares of MAIN stock opened at $54.56 on Thursday. The stock's fifty day simple moving average is $59.48 and its 200 day simple moving average is $60.06. Main Street Capital Corporation has a one year low of $47.00 and a one year high of $67.77. The firm has a market cap of $4.92 billion, a price-to-earnings ratio of 9.88 and a beta of 0.80. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.06 and a quick ratio of 0.06.

Main Street Capital (NYSE:MAIN - Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.03. The firm had revenue of $156.17 million during 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, 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 declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 8th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, April 8th. Main Street Capital's dividend payout ratio (DPR) is currently 56.52%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Citizens Jmp set a $70.00 price objective on Main Street Capital in a research report on Monday, December 8th. Citigroup reaffirmed an "outperform" rating on shares of Main Street Capital in a research report on Tuesday, January 27th. Weiss Ratings reiterated a "buy (b+)" rating on shares of Main Street Capital in a report on Monday, December 22nd. Royal Bank Of Canada reduced their price objective on Main Street Capital from $67.00 to $66.00 and set an "outperform" rating for the company in a research report on Tuesday, December 9th. Finally, Noble Financial restated a "neutral" rating on shares of Main Street Capital in a research note on Thursday, January 15th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Main Street Capital has an average rating of "Hold" and a consensus price target of $61.71.

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.

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