D.B. Root & Company LLC Has $760,000 Stock Holdings in Main Street Capital Corporation $MAIN

D.B. Root & Company LLC lowered its position in shares of Main Street Capital Corporation (NYSE:MAIN) by 3.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,861 shares of the financial services provider’s stock after selling 481 shares during the quarter. D.B. Root & Company LLC’s holdings in Main Street Capital were worth $760,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Global Assets Advisory LLC bought a new position in shares of Main Street Capital during the second quarter worth $225,000. Segment Wealth Management LLC raised its stake in Main Street Capital by 1.2% during the 2nd quarter. Segment Wealth Management LLC now owns 119,468 shares of the financial services provider’s stock worth $7,061,000 after buying an additional 1,474 shares during the period. Ameritas Advisory Services LLC acquired a new stake in Main Street Capital during the 2nd quarter worth $167,000. Trinity Legacy Partners LLC lifted its holdings in Main Street Capital by 1.4% during the second quarter. Trinity Legacy Partners LLC now owns 188,723 shares of the financial services provider’s stock worth $12,154,000 after acquiring an additional 2,581 shares in the last quarter. Finally, Nabity Jensen Investment Management Inc acquired a new position in Main Street Capital in the second quarter valued at about $237,000. Institutional investors own 20.31% of the company’s stock.

Insider Buying and Selling at Main Street Capital

In other news, Director Nicholas Meserve sold 14,000 shares of the firm’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $67.15, for a total value of $940,100.00. Following the completion of the transaction, the director owned 82,383 shares in the company, valued at $5,532,018.45. This trade represents a 14.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.00% of the stock is owned by insiders.

Main Street Capital Trading Down 1.5%

NYSE:MAIN opened at $62.98 on Monday. The company has a market cap of $5.63 billion, a P/E ratio of 10.38 and a beta of 0.87. Main Street Capital Corporation has a twelve month low of $47.00 and a twelve month high of $67.77. The business has a 50 day moving average price of $65.14 and a two-hundred day moving average price of $59.81. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12.

Main Street Capital (NYSE:MAIN) last announced its quarterly earnings data on Thursday, August 7th. The financial services provider reported $0.99 EPS for the quarter, hitting analysts’ consensus estimates of $0.99. Main Street Capital had a net margin of 96.16% and a return on equity of 12.70%. The business had revenue of $143.97 million for the quarter, compared to analyst estimates of $137.23 million. As a group, analysts expect that Main Street Capital Corporation will post 4.11 EPS for the current fiscal year.

Main Street Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 8th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Wednesday, October 8th. Main Street Capital’s dividend payout ratio is currently 50.41%.

Wall Street Analysts Forecast Growth

MAIN has been the topic of a number of research analyst reports. Wall Street Zen raised Main Street Capital from a “sell” rating to a “hold” rating in a research report on Sunday, August 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Main Street Capital in a report on Saturday, September 27th. Royal Bank Of Canada upped their price target on shares of Main Street Capital from $52.00 to $67.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. B. Riley increased their price objective on shares of Main Street Capital from $60.00 to $64.00 and gave the stock a “neutral” rating in a research report on Monday, August 18th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $58.00 price objective (up from $56.00) on shares of Main Street Capital in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.20.

About Main Street Capital

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.