Joel Isaacson & Co. LLC Increases Stock Holdings in Main Street Capital Co. (NYSE:MAIN)

Joel Isaacson & Co. LLC raised its position in Main Street Capital Co. (NYSE:MAIN - Free Report) by 3,098.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 127,996 shares of the financial services provider's stock after acquiring an additional 123,994 shares during the period. Joel Isaacson & Co. LLC owned approximately 0.15% of Main Street Capital worth $6,418,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of Main Street Capital by 1.1% during the first 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. Hexagon Capital Partners LLC grew 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 purchasing an additional 298 shares during the last quarter. Financial Security Advisor Inc. increased its stake 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 valued at $508,000 after purchasing an additional 1,028 shares in the last quarter. Naviter Wealth LLC purchased a new position in shares of Main Street Capital in the first quarter worth $2,030,000. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Main Street Capital by 2.5% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 189,762 shares of the financial services provider's stock worth $8,978,000 after buying an additional 4,564 shares during the period. 20.31% of the stock is owned by hedge funds and other institutional investors.

Main Street Capital Stock Performance

MAIN traded down $0.07 during midday trading on Friday, hitting $51.68. 236,550 shares of the company were exchanged, compared to its average volume of 361,384. The company's 50 day simple moving average is $50.22 and its 200 day simple moving average is $49.77. The firm has a market capitalization of $4.50 billion, a price-to-earnings ratio of 9.66 and a beta of 1.30. Main Street Capital Co. has a 1-year low of $37.70 and a 1-year 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 announced its quarterly earnings results on Thursday, August 8th. The financial services provider reported $1.01 earnings per share for the quarter, meeting 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 company had revenue of $132.15 million during the quarter, compared to analysts' expectations of $132.62 million. During the same period last year, the business earned $1.06 earnings per share. As a group, sell-side analysts predict that Main Street Capital Co. will post 4.12 earnings per share for the current year.

Main Street Capital Announces Dividend

The company also recently declared a dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued 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 presently 54.95%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MAIN shares. Royal Bank of Canada reissued an "outperform" rating and issued a $52.00 target price on shares of Main Street Capital in a research report on Wednesday, August 14th. Oppenheimer raised their price objective on 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. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus 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.