Main Street Capital (MAIN) Shares Bought by Goldman Sachs Group Inc.
Goldman Sachs Group Inc. raised its holdings in Main Street Capital (NYSE:MAIN) by 68.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 51,997 shares of the financial services provider’s stock after purchasing an additional 21,139 shares during the quarter. Goldman Sachs Group Inc. owned 0.09% of Main Street Capital worth $2,066,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the business. Burgundy Asset Management Ltd. boosted its holdings in shares of Main Street Capital by 4.4% in the 4th quarter. Burgundy Asset Management Ltd. now owns 1,908,296 shares of the financial services provider’s stock valued at $75,817,000 after purchasing an additional 80,123 shares in the last quarter. M&T Bank Corp boosted its holdings in shares of Main Street Capital by 1.6% in the 4th quarter. M&T Bank Corp now owns 478,304 shares of the financial services provider’s stock valued at $19,004,000 after purchasing an additional 7,687 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Main Street Capital by 7.8% in the 4th quarter. BlackRock Inc. now owns 338,702 shares of the financial services provider’s stock valued at $13,457,000 after purchasing an additional 24,620 shares in the last quarter. Clearbridge LLC boosted its holdings in shares of Main Street Capital by 10.4% in the 4th quarter. Clearbridge LLC now owns 260,301 shares of the financial services provider’s stock valued at $10,342,000 after purchasing an additional 24,526 shares in the last quarter. Finally, Centaurus Financial Inc. acquired a new stake in shares of Main Street Capital in the 4th quarter valued at $9,390,000. 27.59% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently weighed in on MAIN. Zacks Investment Research raised Main Street Capital from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a report on Friday, January 5th. ValuEngine downgraded Main Street Capital from a “buy” rating to a “hold” rating in a report on Monday, February 5th. National Securities raised Main Street Capital from a “sell” rating to a “neutral” rating and raised their price objective for the company from $33.00 to $35.00 in a report on Monday, February 26th. Finally, B. Riley began coverage on Main Street Capital in a report on Tuesday, March 27th. They set a “buy” rating and a $40.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $39.15.
Main Street Capital (NYSE:MAIN) last released its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.01. Main Street Capital had a return on equity of 10.34% and a net margin of 82.93%. The company had revenue of $55.80 million for the quarter, compared to the consensus estimate of $53.17 million. During the same quarter last year, the business posted $0.57 EPS. Main Street Capital’s revenue for the quarter was up 19.2% on a year-over-year basis. analysts forecast that Main Street Capital will post 2.44 earnings per share for the current fiscal year.
The business also recently announced a dividend, which will be paid on Tuesday, May 15th. Investors of record on Friday, April 20th will be given a dividend of $0.19 per share. This is a positive change from Main Street Capital’s previous dividend of $0.19. The ex-dividend date of this dividend is Thursday, April 19th. Main Street Capital’s dividend payout ratio (DPR) is currently 95.40%.
Main Street Capital 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.
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