DNB Asset Management AS Has $4.12 Million Position in Main Street Capital Corporation $MAIN

DNB Asset Management AS cut its position in shares of Main Street Capital Corporation (NYSE:MAIN) by 8.6% during the second quarter, Holdings Channel reports. The institutional investor owned 69,675 shares of the financial services provider’s stock after selling 6,582 shares during the quarter. DNB Asset Management AS’s holdings in Main Street Capital were worth $4,118,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in MAIN. Financial Network Wealth Advisors LLC bought a new stake in shares of Main Street Capital in the 1st quarter worth approximately $39,000. Wellington Shields & Co. LLC acquired a new position in shares of Main Street Capital in the first quarter valued at $41,000. Quarry LP bought a new position in Main Street Capital in the first quarter worth $48,000. First Horizon Advisors Inc. acquired a new stake in Main Street Capital during the second quarter worth $50,000. Finally, Wealth Preservation Advisors LLC bought a new stake in Main Street Capital in the 1st quarter valued at $58,000. Institutional investors and hedge funds own 20.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Main Street Capital in a research report on Wednesday, November 5th. 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. Royal Bank Of Canada upped 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 cut their target price on Main Street Capital from $64.00 to $60.00 and set a “hold” rating for the company in a research report on Wednesday, October 15th. Finally, B. Riley decreased their price target on Main Street Capital from $64.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $59.60.

Main Street Capital Trading Up 1.6%

MAIN stock opened at $56.47 on Tuesday. The business has a fifty day moving average price of $59.60 and a 200 day moving average price of $60.82. 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 Corporation has a fifty-two week low of $47.00 and a fifty-two week high of $67.77. The stock has a market capitalization of $5.06 billion, a price-to-earnings ratio of 9.30 and a beta of 0.84.

Main Street Capital (NYSE:MAIN) last announced its earnings results on Thursday, November 6th. The financial services provider reported $0.97 EPS for the quarter, missing the consensus estimate 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 business had revenue of $151.23 million for the quarter, compared to the consensus estimate of $140.53 million. Analysts expect that Main Street Capital Corporation will post 4.11 EPS for the current fiscal year.

Main Street Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, March 6th will be given a $0.26 dividend. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date is Friday, March 6th. Main Street Capital’s dividend payout ratio (DPR) is presently 50.75%.

Main Street Capital Company 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.