Childress Capital Advisors LLC Purchases 182,973 Shares of Main Street Capital Corporation $MAIN

Key Points

• Childress Capital Advisors LLC increased its stake in Main Street Capital (NYSE:MAIN) by 165.2%, adding 182,973 shares to hold 293,733 shares worth about $17.74 million, representing 0.33% of MAIN and the firm's 7th largest position (2.8% of its portfolio).
• Main Street Capital beat Q4 estimates with $1.09 EPS vs. $1.06 consensus and revenue of $156.17 million, has a market cap of $5.21 billion and PE of 10.47, and pays a quarterly dividend of $0.30 (annual $1.20, yield 2.1%, DPR 56.52%).
• Analysts hold a consensus rating of "Hold" with an average target of $61.71 (four Buy and seven Hold ratings), and institutional investors own about 20.31% of the stock.

Childress Capital Advisors LLC lifted its stake in shares of Main Street Capital Corporation (NYSE:MAIN - Free Report) by 165.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 293,733 shares of the financial services provider's stock after acquiring an additional 182,973 shares during the period. Main Street Capital accounts for about 2.8% of Childress Capital Advisors LLC's investment portfolio, making the stock its 7th largest position. Childress Capital Advisors LLC owned 0.33% of Main Street Capital worth $17,739,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Quest 10 Wealth Builders Inc. purchased a new position in shares of Main Street Capital during the 3rd quarter worth about $25,000. City Holding Co. purchased a new position in shares of Main Street Capital during the 3rd quarter worth about $26,000. Smartleaf Asset Management LLC lifted its holdings in shares of Main Street Capital by 109.6% during the 2nd 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 period. Investors Research Corp purchased a new position in shares of Main Street Capital during the 4th quarter worth about $30,000. Finally, Assetmark Inc. lifted its holdings in shares of Main Street Capital by 203.0% during the 3rd quarter. Assetmark Inc. now owns 506 shares of the financial services provider's stock worth $32,000 after acquiring an additional 339 shares during the period. 20.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on MAIN shares. Citigroup reiterated an "outperform" rating on shares of Main Street Capital in a 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. Wall Street Zen upgraded shares of Main Street Capital from a "sell" rating to a "hold" rating in a report on Saturday, January 10th. Noble Financial reiterated a "neutral" rating on shares of Main Street Capital in a report on Thursday, January 15th. Finally, Loop Capital upgraded shares of Main Street Capital to a "neutral" rating and set a $65.00 price objective on the stock in a report on Thursday, January 15th. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, Main Street Capital has a consensus rating of "Hold" and an average target price of $61.71.

Main Street Capital Stock Performance

Shares of MAIN stock opened at $57.81 on Thursday. The company's fifty day simple moving average is $56.44 and its 200-day simple moving average is $58.83. Main Street Capital Corporation has a 52 week low of $50.77 and a 52 week 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 company has a market cap of $5.21 billion, a PE ratio of 10.47 and a beta of 0.80.

Main Street Capital (NYSE:MAIN - Get Free Report) last issued its earnings results on Thursday, February 26th. The financial services provider reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.03. Main Street Capital had a net margin of 87.11% and a return on equity of 12.44%. The business had revenue of $156.17 million for the quarter, compared to the consensus estimate of $141.50 million. As a group, equities research analysts anticipate that Main Street Capital Corporation will post 4.11 EPS for the current year.

Main Street Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 8th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Wednesday, April 8th. Main Street Capital's dividend payout ratio (DPR) is currently 56.52%.

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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