Tectonic Advisors LLC Purchases 23,464 Shares of Main Street Capital Co. (NYSE:MAIN)

Tectonic Advisors LLC lifted its holdings in Main Street Capital Co. (NYSE:MAIN - Free Report) by 16.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 167,065 shares of the financial services provider's stock after purchasing an additional 23,464 shares during the period. Tectonic Advisors LLC owned 0.19% of Main Street Capital worth $8,377,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MAIN. Wealth Enhancement Advisory Services LLC lifted its position in Main Street Capital by 1.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 43,538 shares of the financial services provider's stock worth $2,060,000 after acquiring an additional 492 shares during the last quarter. Register Financial Advisors LLC lifted its position in Main Street Capital by 19.9% during the 1st quarter. Register Financial Advisors LLC now owns 2,712 shares of the financial services provider's stock worth $128,000 after acquiring an additional 450 shares during the last quarter. Hexagon Capital Partners LLC lifted its position in Main Street Capital by 8.4% during the 1st quarter. Hexagon Capital Partners LLC now owns 3,851 shares of the financial services provider's stock worth $182,000 after acquiring an additional 298 shares during the last quarter. Financial Security Advisor Inc. lifted its position in Main Street Capital by 10.6% during the 1st quarter. Financial Security Advisor Inc. now owns 10,736 shares of the financial services provider's stock worth $508,000 after acquiring an additional 1,028 shares during the last quarter. Finally, Naviter Wealth LLC acquired a new position in shares of Main Street Capital during the first quarter valued at about $2,030,000. Institutional investors and hedge funds own 20.31% of the company's stock.

Main Street Capital Price Performance

NYSE MAIN traded down $0.07 on Friday, reaching $51.68. The company's stock had a trading volume of 236,189 shares, compared to its average volume of 361,384. The firm has a market cap of $4.50 billion, a PE ratio of 9.66 and a beta of 1.30. The business has a 50-day moving average price of $50.22 and a 200 day moving average price of $49.75. Main Street Capital Co. has a 52 week low of $37.70 and a 52 week high of $52.62. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.11.

Main Street Capital (NYSE:MAIN - Get Free Report) last posted its earnings results 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 firm posted $1.06 earnings per share. Sell-side analysts expect that Main Street Capital Co. will post 4.12 EPS for the current year.

Main Street Capital Announces Dividend

The company also recently disclosed 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 dividend payout ratio is 54.95%.

Analysts Set New Price Targets

A number of brokerages have recently commented on MAIN. 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 report on Tuesday, August 13th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $52.00 price objective on shares of Main Street Capital in a research report on Wednesday, August 14th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company 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.