Susquehanna Fundamental Investments LLC Raises Stock Position in Main Street Capital Co. (NYSE:MAIN)

Susquehanna Fundamental Investments LLC raised its position in Main Street Capital Co. (NYSE:MAIN - Free Report) by 238.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,020 shares of the financial services provider's stock after acquiring an additional 23,970 shares during the quarter. Susquehanna Fundamental Investments LLC's holdings in Main Street Capital were worth $1,718,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. LifeSteps Financial Inc. purchased a new position in shares of Main Street Capital during the first quarter valued at about $35,000. Triad Wealth Partners LLC purchased a new position in shares of Main Street Capital during the second quarter valued at about $38,000. Optimum Investment Advisors increased its position in shares of 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 valued at $50,000 after buying an additional 500 shares during the period. Scarborough Advisors LLC purchased a new position in shares of Main Street Capital during the fourth quarter valued at about $72,000. Finally, Newbridge Financial Services Group Inc. boosted its stake in Main Street Capital by 32.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,733 shares of the financial services provider's stock worth $75,000 after acquiring an additional 420 shares in the last quarter. Hedge funds and other institutional investors own 20.31% of the company's stock.

Main Street Capital Price Performance

Shares of NYSE:MAIN traded up $0.12 during midday trading on Wednesday, reaching $50.19. 261,644 shares of the company were exchanged, compared to its average volume of 363,955. 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 business's fifty day moving average is $49.57 and its two-hundred day moving average is $49.20. Main Street Capital Co. has a one year low of $37.70 and a one year high of $52.39. The stock has a market cap of $4.30 billion, a PE ratio of 9.14 and a beta of 1.30.

Main Street Capital (NYSE:MAIN - Get Free Report) last released its earnings results on Thursday, August 8th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.01. The firm had revenue of $132.15 million during the quarter, compared to analyst estimates 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 last year, the business earned $1.06 EPS. As a group, analysts predict that Main Street Capital Co. will post 4.13 earnings per share for the current year.

Main Street Capital Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a dividend of $0.30 per share. This represents a yield of 7.66%. The ex-dividend date was Friday, September 20th. Main Street Capital's dividend payout ratio (DPR) is 53.65%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Oppenheimer upped their target price on shares of Main Street Capital from $43.00 to $44.00 and gave the stock 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 assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $48.40.

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.