BI Asset Management Fondsmaeglerselskab A S Raises Holdings in Main Street Capital Corporation $MAIN

BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Main Street Capital Corporation (NYSE:MAIN) by 5,556.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,144 shares of the financial services provider’s stock after buying an additional 35,505 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Main Street Capital were worth $2,298,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Uncommon Cents Investing LLC grew its holdings in Main Street Capital by 1.2% during the 3rd quarter. Uncommon Cents Investing LLC now owns 16,627 shares of the financial services provider’s stock worth $1,057,000 after acquiring an additional 190 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in shares of Main Street Capital by 1.2% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 15,889 shares of the financial services provider’s stock worth $939,000 after purchasing an additional 193 shares during the period. Freedom Financial Partners LLC boosted its stake in shares of Main Street Capital by 4.5% during the second quarter. Freedom Financial Partners LLC now owns 5,100 shares of the financial services provider’s stock valued at $301,000 after purchasing an additional 218 shares in the last quarter. Brookstone Capital Management increased its holdings in Main Street Capital by 5.0% during the third quarter. Brookstone Capital Management now owns 5,056 shares of the financial services provider’s stock valued at $321,000 after buying an additional 239 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in Main Street Capital by 109.6% in the second quarter. Smartleaf Asset Management LLC now owns 478 shares of the financial services provider’s stock worth $28,000 after buying an additional 250 shares in the last quarter. 20.31% of the stock is currently owned by institutional investors.

Main Street Capital Stock Performance

MAIN opened at $60.38 on Friday. The company has a market cap of $5.41 billion, a P/E ratio of 10.01 and a beta of 0.80. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.12. The firm’s 50-day moving average price is $61.63 and its 200-day moving average price is $61.87. Main Street Capital Corporation has a 52-week low of $47.00 and a 52-week high of $67.77.

Main Street Capital (NYSE:MAIN) last released its earnings results on Thursday, November 6th. The financial services provider reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.09). Main Street Capital had a return on equity of 12.39% and a net margin of 95.59%.The company had revenue of $151.23 million during the quarter, compared to analyst estimates of $140.53 million. As a group, equities analysts anticipate that Main Street Capital Corporation will post 4.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports 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 research note on Monday, December 22nd. JMP Securities set a $70.00 target price on shares of Main Street Capital in a report on Monday, December 8th. Truist Financial lowered their price target on shares of Main Street Capital from $64.00 to $60.00 and set a “hold” rating on the stock in a report on Wednesday, October 15th. Finally, B. Riley Financial reduced their price objective on shares of Main Street Capital from $64.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, November 12th. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $62.75.

About Main Street Capital

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.