Disciplined Investors L.L.C. Buys Shares of 8,150 Main Street Capital Corporation $MAIN

Disciplined Investors L.L.C. purchased a new position in shares of Main Street Capital Corporation (NYSE:MAIN) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,150 shares of the financial services provider’s stock, valued at approximately $482,000.

Several other institutional investors have also modified their holdings of MAIN. Mackenzie Financial Corp acquired a new position in Main Street Capital in the 1st quarter worth $578,000. Nabity Jensen Investment Management Inc bought a new stake in shares of Main Street Capital in the second quarter valued at about $237,000. Victory Capital Management Inc. bought a new stake in shares of Main Street Capital in the first quarter valued at about $6,205,000. Invesco Ltd. boosted its position in shares of Main Street Capital by 282.5% during the first quarter. Invesco Ltd. now owns 532,267 shares of the financial services provider’s stock worth $30,105,000 after buying an additional 393,101 shares during the period. Finally, U.S. Capital Wealth Advisors LLC boosted its position in shares of Main Street Capital by 8.4% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 139,452 shares of the financial services provider’s stock worth $8,242,000 after buying an additional 10,853 shares during the period. Institutional investors own 20.31% of the company’s stock.

Insider Buying and Selling

In other Main Street Capital news, Director Nicholas Meserve sold 14,000 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $67.15, for a total value of $940,100.00. Following the transaction, the director directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 4.09% of the company’s stock.

Main Street Capital Stock Up 2.8%

MAIN stock opened at $58.73 on Friday. Main Street Capital Corporation has a 1-year low of $47.00 and a 1-year high of $67.77. The business’s 50 day simple moving average is $61.53 and its 200 day simple moving average is $60.42. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $5.25 billion, a PE ratio of 9.67 and a beta of 0.84.

Main Street Capital (NYSE:MAIN) last released its quarterly earnings data 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 12.70% and a net margin of 96.16%.The company had revenue of $151.23 million for the quarter, compared to the consensus estimate of $140.53 million. As a group, research analysts anticipate that Main Street Capital Corporation will post 4.11 EPS for the current year.

Main Street Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, March 6th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a c) annualized dividend and a dividend yield of 5.3%. Main Street Capital’s payout ratio is presently 50.41%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Main Street Capital in a research report on Wednesday. Royal Bank Of Canada raised their price target on shares of Main Street Capital from $52.00 to $67.00 and gave the stock an “outperform” rating in a research note on Thursday, August 28th. B. Riley lifted their price objective on shares of Main Street Capital from $60.00 to $64.00 and gave the company a “neutral” rating in a report on Monday, August 18th. UBS Group restated a “neutral” rating and set a $58.00 target price (up previously from $56.00) on shares of Main Street Capital in a report on Wednesday, July 16th. Finally, Wall Street Zen raised shares of Main Street Capital from a “sell” rating to a “hold” rating in a research report on Sunday, August 3rd. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $60.40.

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.