Main Street Capital Co. (NYSE:MAIN) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp boosted its holdings in Main Street Capital Co. (NYSE:MAIN - Free Report) by 3.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,195,476 shares of the financial services provider's stock after buying an additional 45,381 shares during the quarter. Van ECK Associates Corp owned approximately 1.39% of Main Street Capital worth $61,758,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of MAIN. Burgundy Asset Management Ltd. grew its holdings in shares of Main Street Capital by 1.6% during the second quarter. Burgundy Asset Management Ltd. now owns 1,106,782 shares of the financial services provider's stock worth $55,881,000 after buying an additional 17,623 shares during the last quarter. Adell Harriman & Carpenter Inc. grew its holdings in shares of Main Street Capital by 3.5% during the third quarter. Adell Harriman & Carpenter Inc. now owns 419,255 shares of the financial services provider's stock worth $21,021,000 after buying an additional 14,045 shares during the last quarter. Sanders Morris Harris LLC grew its holdings in shares of Main Street Capital by 0.7% during the third quarter. Sanders Morris Harris LLC now owns 208,052 shares of the financial services provider's stock worth $10,432,000 after buying an additional 1,443 shares during the last quarter. Paradiem LLC grew its holdings in shares of Main Street Capital by 7.6% during the second quarter. Paradiem LLC now owns 194,865 shares of the financial services provider's stock worth $9,839,000 after buying an additional 13,785 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Main Street Capital by 1.1% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 191,865 shares of the financial services provider's stock worth $9,687,000 after buying an additional 2,103 shares during the last quarter. Hedge funds and other institutional investors own 20.31% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Royal Bank of Canada restated an "outperform" rating and issued a $52.00 price objective on shares of Main Street Capital in a research report on Wednesday, August 14th. Oppenheimer raised 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. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $48.40.

Main Street Capital Price Performance

Shares of MAIN traded down $0.72 during mid-day trading on Monday, reaching $49.95. 547,039 shares of the company's stock were exchanged, compared to its average volume of 360,570. 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 company has a 50-day simple moving average of $50.41 and a two-hundred day simple moving average of $49.94. Main Street Capital Co. has a 52-week low of $39.87 and a 52-week high of $52.62. The company has a market cap of $4.35 billion, a price-to-earnings ratio of 9.48 and a beta of 1.29.

Main Street Capital (NYSE:MAIN - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The financial services provider reported $1.01 earnings per share for the quarter, hitting analysts' consensus estimates of $1.01. The business had revenue of $132.15 million during 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 period last year, the company posted $1.06 EPS. On average, sell-side analysts predict that Main Street Capital Co. will post 4.12 EPS for the current fiscal year.

Main Street Capital Dividend Announcement

The business also recently disclosed 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 dividend payout ratio is presently 54.95%.

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.