Main Street Capital Co. (NYSE:MAIN) Shares Sold by Benjamin Edwards Inc.

Benjamin Edwards Inc. trimmed its position in Main Street Capital Co. (NYSE:MAIN) by 3.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,177 shares of the financial services provider’s stock after selling 491 shares during the period. Benjamin Edwards Inc.’s holdings in Main Street Capital were worth $665,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MAIN. Corient Private Wealth LLC lifted its holdings in Main Street Capital by 226.1% during the 4th quarter. Corient Private Wealth LLC now owns 29,996 shares of the financial services provider’s stock worth $1,297,000 after buying an additional 20,799 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Main Street Capital by 73.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,139 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 483 shares during the last quarter. Heritage Wealth Advisors boosted its holdings in Main Street Capital by 20.0% in the fourth quarter. Heritage Wealth Advisors now owns 3,600 shares of the financial services provider’s stock worth $156,000 after purchasing an additional 600 shares during the period. Steward Partners Investment Advisory LLC increased its stake in Main Street Capital by 4.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 18,030 shares of the financial services provider’s stock valued at $779,000 after purchasing an additional 781 shares during the last quarter. Finally, Focus Financial Network Inc. ADV acquired a new stake in shares of Main Street Capital during the fourth quarter worth $555,000. 20.31% of the stock is owned by institutional investors.

Main Street Capital Stock Performance

Shares of MAIN opened at $49.98 on Friday. The firm has a fifty day moving average of $49.68 and a 200-day moving average of $48.96. The company has a market cap of $4.28 billion, a price-to-earnings ratio of 9.12 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. Main Street Capital Co. has a 1 year low of $37.70 and a 1 year high of $52.39.

Main Street Capital (NYSE:MAIN) last posted its earnings results 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. Main Street Capital had a net margin of 87.58% and a return on equity of 14.41%. The firm had revenue of $132.15 million during the quarter, compared to analyst estimates of $132.62 million. During the same period in the previous year, the business posted $1.06 EPS. As a group, equities analysts anticipate that Main Street Capital Co. will post 4.13 earnings per share for the current year.

Main Street Capital Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have recently commented on MAIN shares. Oppenheimer lifted their price target on shares of Main Street Capital from $43.00 to $44.00 and gave the company a “market perform” rating in a report on Tuesday, August 13th. Royal Bank of Canada restated an “outperform” rating and issued a $52.00 target price on shares of Main Street Capital in a research note on Wednesday, August 14th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $48.40.

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.