Muzinich & Co. Inc. Boosts Stake in Main Street Capital Corporation $MAIN

Muzinich & Co. Inc. lifted its stake in Main Street Capital Corporation (NYSE:MAIN) by 19.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 440,012 shares of the financial services provider’s stock after purchasing an additional 72,872 shares during the period. Main Street Capital accounts for approximately 8.4% of Muzinich & Co. Inc.’s holdings, making the stock its 5th largest holding. Muzinich & Co. Inc. owned about 0.49% of Main Street Capital worth $26,572,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MAIN. Brighton Jones LLC bought a new position in shares of Main Street Capital in the 4th quarter worth $304,000. NewEdge Advisors LLC boosted its position in shares of Main Street Capital by 5,416.7% in the 1st quarter. NewEdge Advisors LLC now owns 1,655 shares of the financial services provider’s stock worth $94,000 after purchasing an additional 1,625 shares during the last quarter. Fisher Asset Management LLC bought a new position in shares of Main Street Capital in the 2nd quarter worth $233,000. Guggenheim Capital LLC boosted its position in shares of Main Street Capital by 4.8% in the 2nd quarter. Guggenheim Capital LLC now owns 12,492 shares of the financial services provider’s stock worth $738,000 after purchasing an additional 570 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Main Street Capital by 2.3% in the 2nd quarter. First Trust Advisors LP now owns 188,296 shares of the financial services provider’s stock worth $11,128,000 after purchasing an additional 4,317 shares during the last quarter. 20.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Loop Capital upgraded Main Street Capital to a “neutral” rating and set a $65.00 price target on the stock in a research report on Thursday, January 15th. Weiss Ratings restated a “buy (b+)” rating on shares of Main Street Capital in a research report on Monday, December 22nd. Citigroup reaffirmed an “outperform” rating on shares of Main Street Capital in a research note on Tuesday, January 27th. Noble Financial reaffirmed a “neutral” rating on shares of Main Street Capital in a research note on Thursday, January 15th. Finally, Royal Bank Of Canada dropped their price objective on Main Street Capital from $67.00 to $66.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 9th. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $61.71.

Main Street Capital Stock Performance

MAIN opened at $53.98 on Wednesday. The business’s 50-day moving average price is $57.45 and its two-hundred day moving average price is $59.17. Main Street Capital Corporation has a 1 year low of $47.00 and a 1 year high of $67.77. The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of 9.78 and a beta of 0.80. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.06 and a quick ratio of 0.06.

Main Street Capital (NYSE:MAIN) last released its quarterly earnings results on Thursday, February 26th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.03. Main Street Capital had a return on equity of 12.44% and a net margin of 87.11%.The firm had revenue of $156.17 million for the quarter, compared to the consensus estimate of $141.50 million. Equities analysts expect that Main Street Capital Corporation will post 4.11 EPS for the current fiscal year.

Main Street Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 8th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, April 8th. This represents a $1.20 annualized dividend and a dividend yield of 2.2%. Main Street Capital’s dividend payout ratio (DPR) is currently 56.52%.

Main Street Capital Profile

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.