Callahan Advisors LLC Raises Stake in Main Street Capital Co. (NYSE:MAIN)

Callahan Advisors LLC raised its position in shares of Main Street Capital Co. (NYSE:MAIN) by 4.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,134 shares of the financial services provider’s stock after purchasing an additional 705 shares during the quarter. Callahan Advisors LLC’s holdings in Main Street Capital were worth $809,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in MAIN. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Main Street Capital by 2.5% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 189,762 shares of the financial services provider’s stock valued at $8,978,000 after purchasing an additional 4,564 shares in the last quarter. MGB Wealth Management LLC lifted its holdings in shares of Main Street Capital by 1.8% in the first quarter. MGB Wealth Management LLC now owns 41,559 shares of the financial services provider’s stock worth $1,966,000 after buying an additional 740 shares in the last quarter. Tectonic Advisors LLC lifted its holdings in shares of Main Street Capital by 6.9% in the first quarter. Tectonic Advisors LLC now owns 133,650 shares of the financial services provider’s stock worth $6,323,000 after buying an additional 8,626 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of Main Street Capital in the first quarter worth $475,000. Finally, Concurrent Investment Advisors LLC lifted its holdings in shares of Main Street Capital by 17.3% in the first quarter. Concurrent Investment Advisors LLC now owns 10,604 shares of the financial services provider’s stock worth $502,000 after buying an additional 1,564 shares in the last quarter. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. 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. Oppenheimer boosted their price target on shares of Main Street Capital from $43.00 to $44.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 13th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $48.40.

Main Street Capital Trading Up 1.5 %

MAIN stock opened at $50.70 on Wednesday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.11. Main Street Capital Co. has a twelve month low of $39.87 and a twelve month high of $52.62. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of 9.48 and a beta of 1.29. The firm’s fifty day simple moving average is $50.45 and its two-hundred day simple moving average is $49.98.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings data on Thursday, August 8th. The financial services provider reported $1.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.01. The business had revenue of $132.15 million for the quarter, compared to analysts’ expectations 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 previous year, the business posted $1.06 earnings per share. As a group, analysts anticipate that Main Street Capital Co. will post 4.12 earnings per share for the current year.

Main Street Capital Announces Dividend

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

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.