Main Street Capital Corporation $MAIN Holdings Boosted by Tectonic Advisors LLC

Key Points

• Tectonic Advisors LLC increased its holdings in Main Street Capital Corporation by 11.2%, owning 215,481 shares valued at approximately $12.7 million as of its latest SEC filing.
• Main Street Capital recently declared a $0.30 quarterly dividend, with an ex-dividend date set for October 8th, representing an annual yield of 2.0%.
• The company reported $0.99 EPS for the last quarter, matching analyst expectations, along with a revenue of $143.97 million that exceeded estimates.

Tectonic Advisors LLC boosted its holdings in Main Street Capital Corporation (NYSE:MAIN - Free Report) by 11.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 215,481 shares of the financial services provider's stock after acquiring an additional 21,750 shares during the period. Main Street Capital comprises about 0.7% of Tectonic Advisors LLC's investment portfolio, making the stock its 26th biggest holding. Tectonic Advisors LLC owned about 0.24% of Main Street Capital worth $12,735,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of MAIN. Brighton Jones LLC bought a new stake in shares of Main Street Capital during the fourth quarter valued at approximately $304,000. GAMMA Investing LLC raised its holdings in shares of Main Street Capital by 5,557.9% during 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 during the last quarter. NBC Securities Inc. bought a new stake in shares of Main Street Capital during the first quarter valued at approximately $54,000. Merit Financial Group LLC bought a new stake in shares of Main Street Capital during the first quarter valued at approximately $212,000. Finally, Park Avenue Securities LLC raised its holdings in shares of Main Street Capital by 89.6% during the first quarter. Park Avenue Securities LLC now owns 7,186 shares of the financial services provider's stock valued at $406,000 after buying an additional 3,396 shares during the last quarter. Institutional investors own 20.31% of the company's stock.

Insider Transactions 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 that occurred on Thursday, August 14th. The shares were sold at an average price of $67.15, for a total value of $940,100.00. Following the transaction, the director owned 82,383 shares in the company, valued at approximately $5,532,018.45. The trade was a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 4.00% of the company's stock.

Main Street Capital Price Performance

NYSE MAIN opened at $60.58 on Thursday. Main Street Capital Corporation has a 12 month low of $47.00 and a 12 month high of $67.77. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a market capitalization of $5.42 billion, a PE ratio of 9.98 and a beta of 0.87. The company's 50 day simple moving average is $64.95 and its 200 day simple moving average is $59.86.

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 analysts' consensus estimates of $0.99. The business had revenue of $143.97 million for 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%. As a group, equities research analysts forecast that Main Street Capital Corporation will post 4.11 EPS for the current fiscal year.

Main Street Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 8th will be given a $0.30 dividend. The ex-dividend date is Wednesday, October 8th. This represents a $1.20 annualized dividend and a yield of 2.0%. Main Street Capital's payout ratio is 50.41%.

Analyst Ratings Changes

A number of research firms have recently weighed in on MAIN. Truist Financial lifted their price target on Main Street Capital from $54.00 to $64.00 and gave the company a "hold" rating in a report on Monday, August 11th. Royal Bank Of Canada lifted their price target on Main Street Capital from $52.00 to $67.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. B. Riley lifted their price target on Main Street Capital from $60.00 to $64.00 and gave the company a "neutral" rating in a report on Monday, August 18th. Weiss Ratings reiterated a "buy (b)" rating on shares of Main Street Capital in a research note on Saturday, September 27th. Finally, Wall Street Zen upgraded shares of Main Street Capital from a "sell" rating to a "hold" rating in a research note on Sunday, August 3rd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $61.20.

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.

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