International Assets Investment Management LLC grew its stake in shares of Main Street Capital Co. (NYSE:MAIN - Free Report) by 7,077.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 112,182 shares of the financial services provider's stock after acquiring an additional 110,619 shares during the period. International Assets Investment Management LLC owned about 0.13% of Main Street Capital worth $5,625,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of MAIN. Segment Wealth Management LLC increased its position in Main Street Capital by 0.7% in the third quarter. Segment Wealth Management LLC now owns 43,512 shares of the financial services provider's stock worth $2,182,000 after buying an additional 287 shares during the last quarter. Private Advisor Group LLC increased its holdings in Main Street Capital by 5.3% in the 3rd quarter. Private Advisor Group LLC now owns 134,225 shares of the financial services provider's stock worth $6,730,000 after acquiring an additional 6,758 shares during the last quarter. Townsend Asset Management Corp NC ADV raised its stake in Main Street Capital by 5.9% in the 3rd quarter. Townsend Asset Management Corp NC ADV now owns 7,614 shares of the financial services provider's stock valued at $382,000 after acquiring an additional 425 shares during the period. Godsey & Gibb Inc. purchased a new stake in Main Street Capital during the third quarter valued at about $28,000. Finally, Raymond James & Associates boosted its holdings in Main Street Capital by 24.3% in the 3rd quarter. Raymond James & Associates now owns 59,500 shares of the financial services provider's stock worth $2,983,000 after buying an additional 11,646 shares during the period. Hedge funds and other institutional investors own 20.31% of the company's stock.
Main Street Capital Price Performance
Main Street Capital stock traded down $0.67 during midday trading on Friday, hitting $50.67. 310,262 shares of the company's stock were exchanged, compared to its average volume of 359,683. The company has a market cap of $4.41 billion, a P/E ratio of 9.59 and a beta of 1.30. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a 50-day moving average price of $50.39 and a two-hundred day moving average price of $49.86. Main Street Capital Co. has a 52-week low of $39.50 and a 52-week high of $52.62.
Main Street Capital (NYSE:MAIN - Get Free Report) last announced 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. Main Street Capital had a net margin of 87.58% and a return on equity of 14.06%. The business had revenue of $132.15 million for the quarter, compared to the consensus estimate of $132.62 million. During the same period last year, the firm posted $1.06 earnings per share. On average, equities research analysts forecast that Main Street Capital Co. will post 4.12 earnings per share for the current year.
Main Street Capital Dividend Announcement
The business also recently announced a dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a $0.30 dividend. The ex-dividend date was Friday, September 20th. This represents a yield of 7.66%. Main Street Capital's dividend payout ratio (DPR) is presently 54.95%.
Wall Street Analyst Weigh In
MAIN has been the subject of a number of analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $52.00 price target on shares of Main Street Capital in a report on Wednesday, August 14th. Oppenheimer raised their target price 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 equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Main Street Capital presently has a consensus rating of "Hold" and an average target price of $48.40.
View Our Latest Analysis on Main Street Capital
Main Street Capital Profile
(
Free Report)
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.
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