Creative Planning Raises Stock Holdings in Main Street Capital Co. (NYSE:MAIN)

Creative Planning lifted its holdings in Main Street Capital Co. (NYSE:MAIN) by 6.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 53,399 shares of the financial services provider’s stock after purchasing an additional 3,002 shares during the quarter. Creative Planning owned 0.06% of Main Street Capital worth $2,696,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. LifeSteps Financial Inc. bought a new position in Main Street Capital during the first quarter valued at $35,000. Triad Wealth Partners LLC purchased a new position in shares of Main Street Capital during the second quarter worth approximately $38,000. Optimum Investment Advisors increased its position in shares of Main Street Capital by 100.0% during the second quarter. Optimum Investment Advisors now owns 1,000 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 500 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Main Street Capital in the second quarter valued at approximately $79,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in Main Street Capital in the second quarter worth approximately $80,000. Institutional investors own 20.31% of the company’s stock.

Main Street Capital Price Performance

Shares of MAIN stock opened at $51.02 on Friday. The stock’s 50-day simple moving average is $49.57 and its 200-day simple moving average is $49.28. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 9.31 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 fifty-two week low of $37.70 and a fifty-two week high of $52.39.

Main Street Capital (NYSE:MAIN) last posted 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. 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 quarter last year, the company posted $1.06 earnings per share. As a group, equities 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 was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a dividend of $0.30 per share. The ex-dividend date was Friday, September 20th. This represents a yield of 7.66%. Main Street Capital’s payout ratio is presently 53.65%.

Wall Street Analyst Weigh In

MAIN has been the subject of a number of research analyst reports. Oppenheimer lifted their target price on 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 price target on shares of Main Street Capital in a report on Wednesday, August 14th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target 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.