Main Street Capital Co. (NYSE:MAIN) Shares Acquired by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. lifted its position in Main Street Capital Co. (NYSE:MAIN) by 1.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 121,977 shares of the financial services provider’s stock after acquiring an additional 1,614 shares during the period. Benjamin F. Edwards & Company Inc. owned 0.14% of Main Street Capital worth $6,159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SMH Capital Advisors Inc. raised its position in Main Street Capital by 11.5% during the 2nd quarter. SMH Capital Advisors Inc. now owns 19,910 shares of the financial services provider’s stock worth $1,005,000 after buying an additional 2,058 shares during the last quarter. Burgundy Asset Management Ltd. grew its position in Main Street Capital by 1.6% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,106,782 shares of the financial services provider’s stock worth $55,881,000 after purchasing an additional 17,623 shares during the period. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Main Street Capital during the 2nd quarter valued at about $312,000. Mercer Global Advisors Inc. ADV grew its holdings in Main Street Capital by 6.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 65,419 shares of the financial services provider’s stock worth $3,303,000 after acquiring an additional 4,184 shares during the period. Finally, J.W. Cole Advisors Inc. grew its stake in shares of Main Street Capital by 66.2% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 22,880 shares of the financial services provider’s stock worth $1,155,000 after purchasing an additional 9,114 shares during the period. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Oppenheimer increased their target price 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. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price target on shares of Main Street Capital in a report on Wednesday, August 14th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Main Street Capital has a consensus rating of “Hold” and an average price target of $48.40.

Main Street Capital Stock Performance

NYSE:MAIN opened at $49.98 on Friday. The company has a market cap of $4.28 billion, a P/E ratio of 9.12 and a beta of 1.30. 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 Co. has a twelve month low of $37.70 and a twelve month high of $52.39. The company’s 50-day moving average price is $49.68 and its 200-day moving average price is $48.96.

Main Street Capital (NYSE:MAIN) last issued its earnings results on Thursday, August 8th. The financial services provider reported $1.01 earnings per share for the quarter, hitting the consensus estimate of $1.01. Main Street Capital had a return on equity of 14.41% and a net margin of 87.58%. The business had revenue of $132.15 million for the quarter, compared to analysts’ expectations of $132.62 million. During the same period in the previous year, the firm posted $1.06 EPS. On average, sell-side analysts forecast that Main Street Capital Co. will post 4.13 earnings per share for the current fiscal year.

Main Street Capital Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, September 23rd will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, September 20th. This represents a dividend yield of 7.66%. Main Street Capital’s payout ratio is 53.65%.

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.