Financial Management Professionals Inc. decreased its position in Main Street Capital Co. (NYSE:MAIN) by 2.1% during the first quarter, Holdings Channel reports. The firm owned 26,548 shares of the financial services provider’s stock after selling 566 shares during the period. Main Street Capital makes up approximately 0.5% of Financial Management Professionals Inc.’s investment portfolio, making the stock its 23rd largest position. Financial Management Professionals Inc.’s holdings in Main Street Capital were worth $1,018,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Muzinich & Co. Inc. boosted its position in Main Street Capital by 83.7% in the third quarter. Muzinich & Co. Inc. now owns 656,599 shares of the financial services provider’s stock worth $22,541,000 after buying an additional 299,236 shares during the period. State of New Jersey Common Pension Fund D boosted its position in Main Street Capital by 1,050.0% in the third quarter. State of New Jersey Common Pension Fund D now owns 575,000 shares of the financial services provider’s stock worth $19,740,000 after buying an additional 525,000 shares during the period. Bank of Montreal Can boosted its position in Main Street Capital by 124.0% in the third quarter. Bank of Montreal Can now owns 451,617 shares of the financial services provider’s stock worth $15,504,000 after buying an additional 250,000 shares during the period. Van ECK Associates Corp boosted its position in Main Street Capital by 22.4% in the fourth quarter. Van ECK Associates Corp now owns 233,197 shares of the financial services provider’s stock worth $8,575,000 after buying an additional 42,750 shares during the period. Finally, Friedberg Investment Management boosted its position in Main Street Capital by 0.4% in the fourth quarter. Friedberg Investment Management now owns 163,862 shares of the financial services provider’s stock worth $6,025,000 after buying an additional 699 shares during the period. 25.83% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Main Street Capital (NYSE:MAIN)

Shares of Main Street Capital Co. (NYSE:MAIN) traded up 0.06% during midday trading on Tuesday, reaching $38.84. 259,823 shares of the company were exchanged. The firm’s 50 day moving average is $37.61 and its 200-day moving average is $36.29. The company has a market capitalization of $2.15 billion, a PE ratio of 14.55 and a beta of 1.10. Main Street Capital Co. has a 52-week low of $30.57 and a 52-week high of $39.06.

Main Street Capital (NYSE:MAIN) last posted its earnings results on Thursday, February 23rd. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. The company had revenue of $46.83 million for the quarter, compared to analysts’ expectations of $45.96 million. Main Street Capital had a return on equity of 10.38% and a net margin of 56.26%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the business posted $0.57 earnings per share. On average, equities analysts forecast that Main Street Capital Co. will post $2.30 earnings per share for the current fiscal year.

The business also recently announced a dividend, which will be paid on Monday, May 15th. Shareholders of record on Thursday, April 20th will be paid a $0.185 dividend. The ex-dividend date of this dividend is Tuesday, April 18th. Main Street Capital’s payout ratio is 116.84%.

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MAIN has been the topic of a number of recent analyst reports. Robert W. Baird cut shares of Main Street Capital from an “outperform” rating to a “neutral” rating and set a $37.00 price target on the stock. in a research note on Monday, January 9th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Main Street Capital in a research note on Monday, February 27th. They noted that the move was a valuation call. Zacks Investment Research raised 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 note on Thursday, January 12th. National Securities reaffirmed a “sell” rating and set a $33.00 price target on shares of Main Street Capital in a research note on Monday, February 27th. Finally, FBR & Co reaffirmed a “hold” rating and set a $38.00 price target on shares of Main Street Capital in a research note on Tuesday, February 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Main Street Capital presently has a consensus rating of “Hold” and an average target price of $37.41.

Main Street Capital Company Profile

Main Street Capital Corporation (MSCC) is a principal investment firm. MSCC is primarily focused on providing customized debt and equity financing to lower middle market (LMM) companies and debt capital to middle market (Middle Market) companies. The Company’s portfolio investments are made to support management buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in various industry sectors.

5 Day Chart for NYSE:MAIN

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