Main Street Capital Co. (NYSE:MAIN) Shares Acquired by Focus Financial Network Inc.

Focus Financial Network Inc. increased its position in shares of Main Street Capital Co. (NYSE:MAIN) by 6.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,262 shares of the financial services provider’s stock after purchasing an additional 1,365 shares during the period. Focus Financial Network Inc.’s holdings in Main Street Capital were worth $1,217,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Godsey & Gibb Inc. purchased a new position in shares of Main Street Capital in the 3rd quarter valued at about $28,000. Triad Wealth Partners LLC purchased a new position in Main Street Capital in the second quarter valued at approximately $38,000. Optimum Investment Advisors raised its holdings in Main Street Capital by 100.0% during the second quarter. Optimum Investment Advisors now owns 1,000 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 500 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Main Street Capital by 59.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,089 shares of the financial services provider’s stock worth $55,000 after buying an additional 405 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of Main Street Capital in the 2nd quarter valued at $79,000. 20.31% of the stock is currently owned by institutional investors and hedge funds.

Main Street Capital Stock Down 1.3 %

Shares of NYSE:MAIN opened at $50.66 on Friday. Main Street Capital Co. has a 1-year low of $39.50 and a 1-year high of $52.62. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.07 and a quick ratio of 0.07. The stock has a market cap of $4.41 billion, a P/E ratio of 9.47 and a beta of 1.30. The firm has a fifty day moving average price of $50.41 and a 200 day moving average price of $49.89.

Main Street Capital (NYSE:MAIN) last announced its earnings results on Thursday, August 8th. The financial services provider reported $1.01 earnings per share for the quarter, hitting the consensus estimate of $1.01. The business had revenue of $132.15 million during the quarter, compared to the consensus estimate of $132.62 million. Main Street Capital had a net margin of 87.58% and a return on equity of 14.06%. During the same quarter in the prior year, the firm earned $1.06 earnings per share. Sell-side analysts predict that Main Street Capital Co. will post 4.12 EPS for the current year.

Main Street Capital Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a $0.30 dividend. This represents a dividend yield of 7.66%. The ex-dividend date was Friday, September 20th. Main Street Capital’s payout ratio is currently 54.95%.

Analyst Ratings Changes

MAIN has been the subject of a number of research reports. Oppenheimer boosted their price target on shares of Main Street Capital from $43.00 to $44.00 and gave the company a “market perform” rating in a research report on Tuesday, August 13th. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 target price on shares of Main Street Capital in a report on Wednesday, August 14th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Main Street Capital currently has an average rating of “Hold” and an average price target of $48.40.

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.