McElhenny Sheffield Capital Management LLC bought a new stake in 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 & Exchange Commission. The institutional investor bought 20,000 shares of the financial services provider's stock, valued at approximately $1,182,000.
A number of other institutional investors also recently bought and sold shares of MAIN. Jones Financial Companies Lllp lifted its holdings in Main Street Capital by 45,123.0% in the first quarter. Jones Financial Companies Lllp now owns 590,613 shares of the financial services provider's stock valued at $33,405,000 after acquiring an additional 589,307 shares during the period. Invesco Ltd. lifted its holdings in Main Street Capital by 282.5% in the first quarter. Invesco Ltd. now owns 532,267 shares of the financial services provider's stock valued at $30,105,000 after acquiring an additional 393,101 shares during the period. Victory Capital Management Inc. bought a new position in Main Street Capital in the first quarter valued at about $6,205,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Main Street Capital in the first quarter worth about $4,840,000. Finally, Segment Wealth Management LLC increased its position in Main Street Capital by 134.3% in the first quarter. Segment Wealth Management LLC now owns 117,994 shares of the financial services provider's stock worth $6,674,000 after buying an additional 67,626 shares in the last quarter. Institutional investors own 20.31% of the company's stock.
Main Street Capital Price Performance
MAIN opened at $60.58 on Thursday. The business has a fifty day moving average of $64.95 and a 200 day moving average of $59.86. 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 stock has a market cap of $5.42 billion, a P/E ratio of 9.98 and a beta of 0.87.
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 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.99. Main Street Capital had a return on equity of 12.70% and a net margin of 96.16%.The company had revenue of $143.97 million during the quarter, compared to analysts' expectations of $137.23 million. As a group, sell-side 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 disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 8th will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, October 8th. This represents a $1.20 dividend on an annualized basis and a yield of 2.0%. Main Street Capital's payout ratio is presently 50.41%.
Analysts Set New Price Targets
A number of analysts have commented on MAIN shares. Weiss Ratings restated a "buy (b)" rating on shares of Main Street Capital in a research report on Saturday, September 27th. B. Riley lifted their target price 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. Royal Bank Of Canada lifted their target price on Main Street Capital from $52.00 to $67.00 and gave the company an "outperform" rating in a research note on Thursday, August 28th. UBS Group reissued a "neutral" rating and set a $58.00 target price (up previously from $56.00) on shares of Main Street Capital in a research note on Wednesday, July 16th. Finally, Truist Financial lifted their target price on Main Street Capital from $54.00 to $64.00 and gave the company a "hold" rating in a research note on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $61.20.
Check Out Our Latest Analysis on Main Street Capital
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 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 completion of the sale, the director directly 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 document filed with the SEC, which is available at this hyperlink. 4.00% of the stock is currently owned by insiders.
About Main Street Capital
(
Free Report)
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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