UBS Group AG cut its position in Main Street Capital Co. (NYSE:MAIN) by 43.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 249,214 shares of the financial services provider’s stock after selling 188,317 shares during the quarter. UBS Group AG owned approximately 0.42% of Main Street Capital worth $9,196,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. Stratos Wealth Partners LTD. grew its stake in Main Street Capital by 2.6% in the 1st quarter. Stratos Wealth Partners LTD. now owns 57,981 shares of the financial services provider’s stock valued at $2,140,000 after buying an additional 1,460 shares during the last quarter. Northern Trust Corp grew its stake in Main Street Capital by 5.8% in the 1st quarter. Northern Trust Corp now owns 31,741 shares of the financial services provider’s stock valued at $1,171,000 after buying an additional 1,729 shares during the last quarter. Lido Advisors LLC grew its position in Main Street Capital by 25.1% in the 1st quarter. Lido Advisors LLC now owns 9,461 shares of the financial services provider’s stock worth $349,000 after purchasing an additional 1,900 shares during the last quarter. Texas Yale Capital Corp. grew its position in Main Street Capital by 2.9% in the 1st quarter. Texas Yale Capital Corp. now owns 76,573 shares of the financial services provider’s stock worth $2,826,000 after purchasing an additional 2,150 shares during the last quarter. Finally, Eagle Global Advisors LLC grew its position in Main Street Capital by 15.3% in the 1st quarter. Eagle Global Advisors LLC now owns 16,400 shares of the financial services provider’s stock worth $605,000 after purchasing an additional 2,171 shares during the last quarter. Institutional investors and hedge funds own 25.25% of the company’s stock.
Several analysts have issued reports on MAIN shares. Zacks Investment Research upgraded shares of Main Street Capital from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research report on Thursday, March 22nd. B. Riley initiated coverage on shares of Main Street Capital in a research report on Tuesday, March 27th. They issued a “buy” rating and a $40.00 price target on the stock. ValuEngine downgraded shares of Main Street Capital from a “buy” rating to a “hold” rating in a report on Wednesday, April 11th. Finally, National Securities reaffirmed a “neutral” rating and set a $35.00 price objective on shares of Main Street Capital in a report on Wednesday, May 9th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $39.33.
Main Street Capital opened at $37.90 on Friday, Marketbeat.com reports. The stock has a market cap of $2.26 billion, a PE ratio of 15.86 and a beta of 0.95. Main Street Capital Co. has a 52 week low of $34.37 and a 52 week high of $41.79. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.22.
Main Street Capital (NYSE:MAIN) last released its quarterly earnings data on Thursday, May 3rd. The financial services provider reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. The company had revenue of $55.94 million during the quarter, compared to the consensus estimate of $53.54 million. Main Street Capital had a net margin of 81.24% and a return on equity of 10.48%. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period last year, the firm earned $0.57 EPS. equities research analysts expect that Main Street Capital Co. will post 2.47 EPS for the current year.
The firm also recently disclosed a dividend, which was paid on Tuesday, June 26th. Stockholders of record on Tuesday, June 19th were issued a dividend of $0.275 per share. This is an increase from Main Street Capital’s previous dividend of $0.19. The ex-dividend date was Monday, June 18th. Main Street Capital’s dividend payout ratio (DPR) is presently 95.40%.
Main Street Capital Company Profile
Main Street Capital Corporation is a business development company specializing in long- term equity and debt investments in small and lower middle market companies. The firm focuses on investments in, subordinated loans, private equity, venture debt, mezzanine investments, mature, mid venture, industry consolidation, later stage, late venture, emerging growth, management buyouts, change of control transactions, ownership transitions, recapitalizations, strategic acquisitions, refinancing, business expansion capital, growth financings, family estate planning, and other growth initiatives primarily for later stage businesses.
Want to see what other hedge funds are holding MAIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Main Street Capital Co. (NYSE:MAIN).
Receive News & Ratings for Main Street Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Main Street Capital and related companies with MarketBeat.com's FREE daily email newsletter.