Susquehanna Portfolio Strategies LLC Sells 31,376 Shares of Main Street Capital Co. (NYSE:MAIN)

Susquehanna Portfolio Strategies LLC decreased its position in shares of Main Street Capital Co. (NYSE:MAIN - Free Report) by 58.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,673 shares of the financial services provider's stock after selling 31,376 shares during the period. Susquehanna Portfolio Strategies LLC's holdings in Main Street Capital were worth $1,145,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MAIN. Susquehanna Fundamental Investments LLC boosted its holdings in shares of Main Street Capital by 238.5% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 34,020 shares of the financial services provider's stock valued at $1,718,000 after buying an additional 23,970 shares during the period. Delta Investment Management LLC lifted its stake in Main Street Capital by 13.8% during the second quarter. Delta Investment Management LLC now owns 13,297 shares of the financial services provider's stock valued at $671,000 after purchasing an additional 1,611 shares during the last quarter. Trinity Legacy Partners LLC lifted its stake in Main Street Capital by 2.5% during the second quarter. Trinity Legacy Partners LLC now owns 183,589 shares of the financial services provider's stock valued at $9,269,000 after purchasing an additional 4,399 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Main Street Capital in the 2nd quarter valued at approximately $349,000. Finally, ProShare Advisors LLC lifted its position in shares of Main Street Capital by 8.2% in the 2nd quarter. ProShare Advisors LLC now owns 12,884 shares of the financial services provider's stock valued at $651,000 after acquiring an additional 971 shares in the last quarter. Hedge funds and other institutional investors own 20.31% of the company's stock.

Main Street Capital Trading Down 0.1 %

Shares of NYSE:MAIN traded down $0.03 during trading on Friday, hitting $50.23. 291,485 shares of the company's stock were exchanged, compared to its average volume of 365,547. Main Street Capital Co. has a 1-year low of $37.70 and a 1-year high of $52.39. The firm has a 50-day moving average price of $49.61 and a two-hundred day moving average price of $49.13. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.11. The firm has a market cap of $4.31 billion, a P/E ratio of 9.17 and a beta of 1.30.

Main Street Capital (NYSE:MAIN - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The financial services provider reported $1.01 earnings per share for the quarter, hitting the consensus estimate of $1.01. Main Street Capital had a net margin of 87.58% and a return on equity of 14.06%. The business had revenue of $132.15 million for the quarter, compared to analyst estimates of $132.62 million. During the same quarter last year, the firm earned $1.06 EPS. Equities analysts predict that Main Street Capital Co. will post 4.13 earnings per share for the current year.

Main Street Capital Announces Dividend

The business also recently declared a dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a $0.30 dividend. This represents a yield of 7.66%. The ex-dividend date of this dividend was Friday, September 20th. Main Street Capital's payout ratio is currently 53.65%.

Analyst Ratings Changes

MAIN has been the topic of several research reports. Oppenheimer upped their price objective on shares of Main Street Capital from $43.00 to $44.00 and gave the company a "market perform" rating in a research note on Tuesday, August 13th. Royal Bank of Canada reiterated an "outperform" rating and issued a $52.00 target price on shares of Main Street Capital in a research note on Wednesday, August 14th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Main Street Capital presently 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.