Raymond James & Associates Acquires 11,646 Shares of Main Street Capital Co. (NYSE:MAIN)

Raymond James & Associates grew its position in shares of Main Street Capital Co. (NYSE:MAIN - Free Report) by 24.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,500 shares of the financial services provider's stock after acquiring an additional 11,646 shares during the period. Raymond James & Associates owned about 0.07% of Main Street Capital worth $2,983,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in MAIN. Marietta Wealth Management LLC purchased a new position in Main Street Capital during the 2nd quarter valued at about $581,000. Freestone Capital Holdings LLC bought a new position in Main Street Capital in the first quarter valued at about $568,000. Cetera Advisors LLC lifted its holdings in Main Street Capital by 49.0% in the first quarter. Cetera Advisors LLC now owns 34,878 shares of the financial services provider's stock valued at $1,650,000 after acquiring an additional 11,464 shares during the period. Susquehanna Fundamental Investments LLC boosted its position in Main Street Capital by 238.5% in the second quarter. Susquehanna Fundamental Investments LLC now owns 34,020 shares of the financial services provider's stock worth $1,718,000 after purchasing an additional 23,970 shares during the last quarter. Finally, Entropy Technologies LP bought a new stake in shares of Main Street Capital during the 1st quarter valued at about $549,000. 20.31% of the stock is currently owned by institutional investors.

Main Street Capital Stock Performance

Shares of NYSE:MAIN traded up $0.75 during mid-day trading on Tuesday, reaching $50.70. 408,966 shares of the company traded hands, compared to its average volume of 360,798. Main Street Capital Co. has a 52 week low of $39.87 and a 52 week high of $52.62. The firm has a market cap of $4.41 billion, a PE ratio of 9.34 and a beta of 1.29. The company's 50 day moving average price is $50.42 and its 200-day moving average price is $49.95. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.07 and a quick ratio of 0.07.

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 (EPS) for the quarter, hitting analysts' consensus estimates 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 analyst estimates of $132.62 million. During the same quarter in the prior year, the business posted $1.06 EPS. On average, equities analysts expect that Main Street Capital Co. will post 4.12 EPS for the current fiscal year.

Main Street Capital Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a dividend of $0.30 per share. This represents a yield of 7.66%. The ex-dividend date of this dividend was Friday, September 20th. Main Street Capital's payout ratio is presently 54.95%.

Wall Street Analysts Forecast Growth

MAIN has been the topic of several recent research reports. Royal Bank of Canada reiterated an "outperform" rating and issued a $52.00 price objective on shares of Main Street Capital in a research note on Wednesday, August 14th. Oppenheimer lifted their price target on shares of 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 research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $48.40.

Main Street Capital 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.