14,294 Shares in Main Street Capital Co. (NYSE:MAIN) Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new position in shares of Main Street Capital Co. (NYSE:MAIN - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 14,294 shares of the financial services provider's stock, valued at approximately $702,000.

Several other large investors also recently modified their holdings of MAIN. Scarborough Advisors LLC acquired a new stake in shares of Main Street Capital in the 4th quarter valued at about $72,000. ICA Group Wealth Management LLC bought a new stake in shares of Main Street Capital during the fourth quarter valued at approximately $86,000. B. Riley Wealth Advisors Inc. raised its position in shares of Main Street Capital by 10.8% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 58,672 shares of the financial services provider's stock worth $2,536,000 after purchasing an additional 5,733 shares during the period. Newbridge Financial Services Group Inc. grew its position in Main Street Capital by 32.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 1,733 shares of the financial services provider's stock valued at $75,000 after purchasing an additional 420 shares during the period. Finally, Confluence Investment Management LLC acquired a new stake in Main Street Capital in the 1st quarter valued at $6,110,000. Institutional investors and hedge funds own 20.31% of the company's stock.

Main Street Capital Stock Performance

Main Street Capital stock traded down $0.09 during mid-day trading on Monday, reaching $51.13. 321,382 shares of the company's stock were exchanged, compared to its average volume of 364,090. The firm has a market capitalization of $4.38 billion, a PE ratio of 9.35 and a beta of 1.30. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.11. The business's fifty day simple moving average is $49.58 and its 200 day simple moving average is $49.46. Main Street Capital Co. has a one year low of $37.70 and a one year high of $52.39.

Main Street Capital (NYSE:MAIN - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The financial services provider reported $1.01 earnings per share for the quarter, hitting analysts' consensus estimates of $1.01. Main Street Capital had a net margin of 87.58% and a return on equity of 14.06%. The company had revenue of $132.15 million for the quarter, compared to the consensus estimate of $132.62 million. During the same period in the previous year, the firm earned $1.06 EPS. On average, sell-side analysts expect 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 declared 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. The ex-dividend date of this dividend was Friday, September 20th. This represents a dividend yield of 7.66%. Main Street Capital's payout ratio is currently 53.65%.

Analysts Set New Price Targets

MAIN has been the subject of several recent research reports. Oppenheimer boosted 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 report on Tuesday, August 13th. Royal Bank of Canada reissued an "outperform" rating and issued a $52.00 price objective on shares of Main Street Capital in a research note on Wednesday, August 14th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Main Street Capital has an average rating of "Hold" and an average 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.