17,795 Shares in Main Street Capital Co. (NYSE:MAIN) Purchased by Accurate Wealth Management LLC

Accurate Wealth Management LLC bought a new position in Main Street Capital Co. (NYSE:MAIN - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 17,795 shares of the financial services provider's stock, valued at approximately $908,000.

Several other institutional investors and hedge funds have also recently modified their holdings of MAIN. Naviter Wealth LLC raised its holdings in shares of Main Street Capital by 10.9% in the third quarter. Naviter Wealth LLC now owns 61,403 shares of the financial services provider's stock valued at $3,079,000 after acquiring an additional 6,026 shares in the last quarter. Transform Wealth LLC bought a new stake in shares of Main Street Capital in the 3rd quarter valued at about $218,000. Creative Planning lifted its position in shares of Main Street Capital by 37.0% in the 3rd quarter. Creative Planning now owns 73,176 shares of the financial services provider's stock worth $3,669,000 after purchasing an additional 19,777 shares during the period. Procyon Advisors LLC bought a new position in shares of Main Street Capital during the third quarter valued at approximately $224,000. Finally, Albion Financial Group UT increased its holdings in Main Street Capital by 0.3% during the third quarter. Albion Financial Group UT now owns 115,047 shares of the financial services provider's stock valued at $5,768,000 after buying an additional 380 shares during the period. Institutional investors own 20.31% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on MAIN shares. Royal Bank of Canada reaffirmed an "outperform" rating and set a $52.00 target price on shares of Main Street Capital in a research report on Wednesday, August 14th. Oppenheimer lifted their target price on 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. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Main Street Capital presently has an average rating of "Hold" and an average price target of $48.40.

Main Street Capital Stock Up 0.8 %

Shares of MAIN traded up $0.39 during midday trading on Friday, hitting $52.35. 284,312 shares of the company's stock traded hands, compared to its average volume of 362,898. Main Street Capital Co. has a 1 year low of $37.70 and a 1 year high of $52.39. The firm's fifty day moving average is $49.90 and its 200-day moving average is $49.59. 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 stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 9.55 and a beta of 1.30.

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 the consensus estimate of $1.01. Main Street Capital had a return on equity of 14.06% and a net margin of 87.58%. The business had revenue of $132.15 million during the quarter, compared to the consensus estimate of $132.62 million. During the same quarter last year, the company earned $1.06 earnings per share. As a group, sell-side 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 declared a dividend, which was paid on Friday, September 27th. Shareholders 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 yield of 7.66%. Main Street Capital's payout ratio is 53.65%.

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.