Main Street Capital Corporation $MAIN Stock Holdings Increased by Invesco Ltd.

Key Points

• Invesco Ltd. has significantly increased its stake in Main Street Capital Corporation by 282.5%, owning approximately $30.11 million worth of the stock.
• Several analysts have upgraded their ratings on Main Street Capital, with B. Riley raising the price target to $64.00 and maintaining a "neutral" rating.
• Main Street Capital recently declared a monthly dividend of $0.255 per share, with an annualized yield of 4.7%, scheduled for payment on December 15th.

Invesco Ltd. increased its holdings in shares of Main Street Capital Corporation (NYSE:MAIN - Free Report) by 282.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 532,267 shares of the financial services provider's stock after buying an additional 393,101 shares during the quarter. Invesco Ltd. owned about 0.60% of Main Street Capital worth $30,105,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Spire Wealth Management purchased a new position in Main Street Capital during the first quarter worth about $40,000. Wellington Shields & Co. LLC purchased a new position in shares of Main Street Capital in the 1st quarter worth about $41,000. Kapitalo Investimentos Ltda purchased a new position in shares of Main Street Capital in the 4th quarter worth about $45,000. NBC Securities Inc. purchased a new position in shares of Main Street Capital in the 1st quarter worth about $54,000. Finally, GAMMA Investing LLC grew its stake in shares of Main Street Capital by 5,557.9% in the first quarter. GAMMA Investing LLC now owns 1,075 shares of the financial services provider's stock valued at $61,000 after buying an additional 1,056 shares in the last quarter. 20.31% of the stock is currently owned by hedge funds and other institutional investors.

Main Street Capital Stock Performance

NYSE:MAIN traded down $1.07 during trading hours on Monday, reaching $64.02. 655,468 shares of the stock were exchanged, compared to its average volume of 509,995. The stock has a market capitalization of $5.73 billion, a P/E ratio of 10.55 and a beta of 0.85. Main Street Capital Corporation has a 52 week low of $47.00 and a 52 week high of $67.77. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12. The firm has a 50 day simple moving average of $62.99 and a 200-day simple moving average of $58.63.

Main Street Capital (NYSE:MAIN - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.99. The business had revenue of $143.97 million for the quarter, compared to the consensus estimate of $137.23 million. Main Street Capital had a return on equity of 12.70% and a net margin of 96.16%. As a group, sell-side analysts forecast 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 declared a monthly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 8th will be issued a $0.255 dividend. The ex-dividend date of this dividend is Monday, December 8th. This represents a c) annualized dividend and a dividend yield of 4.8%. Main Street Capital's dividend payout ratio (DPR) is 50.41%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on MAIN shares. Wall Street Zen upgraded Main Street Capital from a "sell" rating to a "hold" rating in a research note on Sunday, August 3rd. UBS Group reiterated a "neutral" rating and issued a $58.00 target price (up previously from $56.00) on shares of Main Street Capital in a research note on Wednesday, July 16th. B. Riley raised their price objective on Main Street Capital from $60.00 to $64.00 and gave the company a "neutral" rating in a research note on Monday, August 18th. Zacks Research upgraded Main Street Capital from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 20th. Finally, Oppenheimer restated a "market perform" rating on shares of Main Street Capital in a research note on Tuesday, May 13th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $59.75.

Insider Activity at Main Street Capital

In other Main Street Capital news, Director Nicholas Meserve sold 14,000 shares of Main Street Capital stock in a transaction 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 sale, the director owned 82,383 shares of the company's stock, valued at $5,532,018.45. The trade was a 14.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jason B. Beauvais sold 13,664 shares of Main Street Capital stock in a transaction on Friday, June 27th. The shares were sold at an average price of $59.37, for a total value of $811,231.68. Following the sale, the executive vice president directly owned 181,526 shares in the company, valued at $10,777,198.62. The trade was a 7.00% decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.09% 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.