Nabity Jensen Investment Management Inc Buys Shares of 4,011 Main Street Capital Corporation $MAIN

Nabity Jensen Investment Management Inc bought a new stake in Main Street Capital Corporation (NYSE:MAIN) during the 2nd quarter, HoldingsChannel reports. The fund bought 4,011 shares of the financial services provider’s stock, valued at approximately $237,000.

A number of other hedge funds also recently made changes to their positions in the stock. Nations Financial Group Inc. IA ADV boosted its stake in shares of Main Street Capital by 2.4% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 9,520 shares of the financial services provider’s stock valued at $538,000 after purchasing an additional 221 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Main Street Capital by 0.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 58,955 shares of the financial services provider’s stock worth $3,454,000 after buying an additional 229 shares during the period. Uncommon Cents Investing LLC boosted its position in Main Street Capital by 1.4% during the 1st quarter. Uncommon Cents Investing LLC now owns 16,206 shares of the financial services provider’s stock worth $917,000 after buying an additional 231 shares during the period. Sigma Planning Corp boosted its position in Main Street Capital by 0.5% during the 1st quarter. Sigma Planning Corp now owns 44,942 shares of the financial services provider’s stock worth $2,542,000 after buying an additional 236 shares during the period. Finally, US Bancorp DE raised its holdings in Main Street Capital by 9.4% during the 1st quarter. US Bancorp DE now owns 2,822 shares of the financial services provider’s stock worth $160,000 after purchasing an additional 243 shares during the last quarter. 20.31% of the stock is currently owned by institutional investors and hedge funds.

Main Street Capital Trading Up 0.4%

Shares of NYSE:MAIN opened at $63.58 on Wednesday. The stock has a market capitalization of $5.69 billion, a price-to-earnings ratio of 10.47 and a beta of 0.88. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. The stock’s 50-day simple moving average is $65.28 and its two-hundred day simple moving average is $59.68. 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 announced its earnings results on Thursday, August 7th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.99. Main Street Capital had a return on equity of 12.70% and a net margin of 96.16%.The business had revenue of $143.97 million for the quarter, compared to analysts’ expectations of $137.23 million. Analysts expect that Main Street Capital Corporation will post 4.11 EPS for the current year.

Main Street Capital Announces Dividend

The business also recently declared 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. This represents a $1.20 annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, October 8th. Main Street Capital’s dividend payout ratio is presently 50.41%.

Analysts Set New Price Targets

Several research firms have recently weighed in on MAIN. 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. UBS Group reissued a “neutral” rating and issued a $58.00 price target (up from $56.00) on shares of Main Street Capital in a report on Wednesday, July 16th. Royal Bank Of Canada boosted their price objective 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. Truist Financial upped their price target on Main Street Capital from $54.00 to $64.00 and gave the company a “hold” rating in a research report on Monday, August 11th. Finally, B. Riley upped their price target on Main Street Capital from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Main Street Capital presently has an average rating of “Moderate Buy” and a consensus target price of $61.20.

Insiders Place Their Bets

In other Main Street Capital news, Director Nicholas Meserve sold 14,000 shares of the company’s stock in a transaction on Thursday, August 14th. The stock was 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 of the company’s stock, valued at $5,532,018.45. This represents a 14.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 4.09% of the company’s stock.

Main Street Capital Profile

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.