Valeo Financial Advisors LLC increased its position in shares of Main Street Capital Co. (NYSE:MAIN) by 392.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,965 shares of the financial services provider’s stock after purchasing an additional 2,363 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Main Street Capital were worth $128,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in MAIN. Sound Income Strategies LLC increased its holdings in Main Street Capital by 9.5% during the 4th quarter. Sound Income Strategies LLC now owns 704,403 shares of the financial services provider’s stock valued at $30,367,000 after acquiring an additional 60,993 shares in the last quarter. McGowan Group Asset Management Inc. lifted its holdings in shares of Main Street Capital by 1.1% in the second quarter. McGowan Group Asset Management Inc. now owns 407,017 shares of the financial services provider’s stock valued at $16,737,000 after purchasing an additional 4,511 shares in the last quarter. Sanders Morris Harris LLC lifted its holdings in shares of Main Street Capital by 4.6% in the fourth quarter. Sanders Morris Harris LLC now owns 397,934 shares of the financial services provider’s stock valued at $14,803,000 after purchasing an additional 17,394 shares in the last quarter. UBS Group AG grew its position in shares of Main Street Capital by 4.2% in the second quarter. UBS Group AG now owns 245,896 shares of the financial services provider’s stock valued at $10,111,000 after purchasing an additional 9,808 shares during the last quarter. Finally, Morgan Stanley raised its position in shares of Main Street Capital by 8.1% during the 2nd quarter. Morgan Stanley now owns 229,359 shares of the financial services provider’s stock worth $9,432,000 after purchasing an additional 17,221 shares during the last quarter. 22.93% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently commented on MAIN. Raymond James cut Main Street Capital from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 22nd. They noted that the move was a valuation call. Zacks Investment Research raised Main Street Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Royal Bank of Canada began coverage on Main Street Capital in a research report on Tuesday, November 12th. They set an “outperform” rating and a $44.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $43.50.
NYSE:MAIN opened at $44.02 on Monday. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.20. The company has a market cap of $2.79 billion, a P/E ratio of 22.23 and a beta of 0.76. Main Street Capital Co. has a fifty-two week low of $36.35 and a fifty-two week high of $45.00. The firm’s 50 day moving average is $43.62 and its two-hundred day moving average is $42.92.
Main Street Capital (NYSE:MAIN) last announced its quarterly earnings results on Thursday, November 7th. The financial services provider reported $0.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.01). Main Street Capital had a net margin of 50.85% and a return on equity of 10.59%. The company had revenue of $60.07 million during the quarter, compared to analyst estimates of $61.26 million. During the same quarter last year, the business earned $0.63 EPS. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. Research analysts forecast that Main Street Capital Co. will post 2.49 earnings per share for the current fiscal year.
The company also recently announced a monthly dividend, which will be paid on Friday, February 14th. Investors of record on Wednesday, January 22nd will be given a $0.205 dividend. This represents a $2.46 annualized dividend and a dividend yield of 5.59%. The ex-dividend date is Tuesday, January 21st. Main Street Capital’s dividend payout ratio (DPR) is currently 94.62%.
About Main Street Capital
Main Street Capital Corporation is a business development company specializing in long- term equity and debt investments in small and lower middle market companies. The firm focuses on investments in, subordinated loans, private equity, venture debt, mezzanine investments, mature, mid venture, industry consolidation, later stage, late venture, emerging growth, management buyouts, change of control transactions, ownership transitions, recapitalizations, strategic acquisitions, refinancing, business expansion capital, growth financings, family estate planning, and other growth initiatives primarily for later stage businesses.
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