Main Street Capital Corporation $MAIN Shares Sold by Cahill Financial Advisors Inc.

Cahill Financial Advisors Inc. lessened its position in shares of Main Street Capital Corporation (NYSE:MAIN) by 22.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,896 shares of the financial services provider’s stock after selling 2,816 shares during the quarter. Cahill Financial Advisors Inc.’s holdings in Main Street Capital were worth $585,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of MAIN. Jones Financial Companies Lllp increased its holdings in shares of Main Street Capital by 45,123.0% in the 1st quarter. Jones Financial Companies Lllp now owns 590,613 shares of the financial services provider’s stock valued at $33,405,000 after acquiring an additional 589,307 shares during the period. Invesco Ltd. increased its stake in Main Street Capital by 282.5% in the first quarter. Invesco Ltd. now owns 532,267 shares of the financial services provider’s stock valued at $30,105,000 after purchasing an additional 393,101 shares during the period. Victory Capital Management Inc. purchased a new stake in shares of Main Street Capital in the first quarter valued at about $6,205,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Main Street Capital during the first quarter worth about $4,840,000. Finally, Muzinich & Co. Inc. grew its holdings in shares of Main Street Capital by 28.2% during the second quarter. Muzinich & Co. Inc. now owns 316,808 shares of the financial services provider’s stock worth $18,723,000 after buying an additional 69,701 shares during the last quarter. 20.31% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Main Street Capital

In other Main Street Capital news, Director Nicholas Meserve sold 14,000 shares of Main Street Capital stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $67.15, for a total transaction of $940,100.00. Following the completion of the transaction, the director owned 82,383 shares in the company, valued at approximately $5,532,018.45. The trade was a 14.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 4.00% of the company’s stock.

Main Street Capital Stock Performance

NYSE MAIN opened at $58.71 on Tuesday. The business has a 50 day moving average price of $61.38 and a 200 day moving average price of $60.55. The company has a market capitalization of $5.25 billion, a P/E ratio of 9.67 and a beta of 0.84. Main Street Capital Corporation has a 1-year low of $47.00 and a 1-year high of $67.77. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09.

Main Street Capital (NYSE:MAIN) last posted its earnings results on Thursday, November 6th. The financial services provider reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.09). The firm had revenue of $151.23 million during the quarter, compared to analyst estimates of $140.53 million. Main Street Capital had a net margin of 96.16% and a return on equity of 12.70%. Sell-side 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 announced a monthly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, March 6th will be issued a dividend of $0.26 per share. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date is Friday, March 6th. Main Street Capital’s dividend payout ratio (DPR) is 50.75%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Royal Bank Of Canada increased their price objective on Main Street Capital from $52.00 to $67.00 and gave the stock an “outperform” rating in a research report on Thursday, August 28th. Zacks Research cut shares of Main Street Capital from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. B. Riley raised their target price on shares of Main Street Capital from $60.00 to $64.00 and gave the stock a “neutral” rating in a research note on Monday, August 18th. UBS Group reissued a “neutral” rating and set a $58.00 price target (up from $56.00) on shares of Main Street Capital in a report on Wednesday, July 16th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Main Street Capital in a report on Wednesday, November 5th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $60.40.

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.