Trinity Legacy Partners LLC lifted its holdings in shares of Main Street Capital Co. (NYSE:MAIN - Free Report) by 11.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 204,891 shares of the financial services provider's stock after acquiring an additional 21,302 shares during the quarter. Main Street Capital accounts for about 2.4% of Trinity Legacy Partners LLC's investment portfolio, making the stock its 8th biggest position. Trinity Legacy Partners LLC owned approximately 0.24% of Main Street Capital worth $10,476,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the business. Confluence Investment Management LLC increased its stake in shares of Main Street Capital by 0.4% in the third quarter. Confluence Investment Management LLC now owns 130,879 shares of the financial services provider's stock worth $6,562,000 after buying an additional 571 shares during the last quarter. Concurrent Investment Advisors LLC increased its position in shares of Main Street Capital by 7.8% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 18,644 shares of the financial services provider's stock worth $935,000 after purchasing an additional 1,354 shares during the last quarter. Callahan Advisors LLC raised its stake in shares of Main Street Capital by 4.6% in the 3rd quarter. Callahan Advisors LLC now owns 16,134 shares of the financial services provider's stock valued at $809,000 after purchasing an additional 705 shares in the last quarter. Financial Security Advisor Inc. lifted its position in shares of Main Street Capital by 4.6% during the third quarter. Financial Security Advisor Inc. now owns 11,869 shares of the financial services provider's stock worth $595,000 after purchasing an additional 527 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in Main Street Capital by 3.9% in the third quarter. Van ECK Associates Corp now owns 1,195,476 shares of the financial services provider's stock worth $61,758,000 after purchasing an additional 45,381 shares in the last quarter. Institutional investors and hedge funds own 20.31% of the company's stock.
Wall Street Analyst Weigh In
MAIN has been the topic of several research reports. Oppenheimer upped their price objective on Main Street Capital from $43.00 to $44.00 and gave the company a "market perform" rating in a research note on Tuesday, August 13th. Royal Bank of Canada reissued an "outperform" rating and set a $52.00 price target on shares of Main Street Capital in a research report on Wednesday, August 14th. Four equities 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 has an average rating of "Hold" and an average target price of $48.40.
Check Out Our Latest Research Report on Main Street Capital
Main Street Capital Stock Performance
MAIN stock traded up $0.37 during midday trading on Friday, reaching $51.87. The company had a trading volume of 448,959 shares, compared to its average volume of 339,695. The firm has a market capitalization of $4.52 billion, a PE ratio of 9.70 and a beta of 1.29. The stock has a 50 day moving average price of $50.60 and a 200 day moving average price of $50.03. Main Street Capital Co. has a fifty-two week low of $40.25 and a fifty-two week high of $52.63. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.11.
Main Street Capital (NYSE:MAIN - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.01. The business had revenue of $132.15 million during the quarter, compared to analyst estimates of $132.62 million. Main Street Capital had a return on equity of 14.06% and a net margin of 87.58%. During the same quarter in the previous year, the firm posted $1.06 EPS. Analysts anticipate that Main Street Capital Co. will post 4.12 earnings per share for the current year.
Main Street Capital Increases Dividend
The company also recently declared a monthly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, March 7th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $3.00 annualized dividend and a dividend yield of 5.78%. This is a positive change from Main Street Capital's previous monthly dividend of $0.25. Main Street Capital's dividend payout ratio is currently 54.95%.
Main Street Capital Company 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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