Centaurus Financial Inc. lifted its stake in shares of Main Street Capital Co. (NYSE:MAIN) by 10.2% in the second quarter, HoldingsChannel reports. The firm owned 275,724 shares of the financial services provider’s stock after buying an additional 25,541 shares during the period. Main Street Capital accounts for about 1.4% of Centaurus Financial Inc.’s investment portfolio, making the stock its 5th largest position. Centaurus Financial Inc.’s holdings in Main Street Capital were worth $10,494,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in MAIN. Verity Asset Management Inc. increased its stake in shares of Main Street Capital by 20.8% during the second quarter. Verity Asset Management Inc. now owns 7,429 shares of the financial services provider’s stock worth $283,000 after purchasing an additional 1,279 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Main Street Capital during the 2nd quarter valued at about $327,000. Cullen Frost Bankers Inc. purchased a new stake in Main Street Capital during the 1st quarter valued at about $335,000. Lido Advisors LLC grew its stake in Main Street Capital by 25.1% during the 1st quarter. Lido Advisors LLC now owns 9,461 shares of the financial services provider’s stock valued at $349,000 after acquiring an additional 1,900 shares in the last quarter. Finally, BlueMountain Capital Management LLC grew its stake in Main Street Capital by 17.1% during the 2nd quarter. BlueMountain Capital Management LLC now owns 10,255 shares of the financial services provider’s stock valued at $390,000 after acquiring an additional 1,499 shares in the last quarter. 23.67% of the stock is owned by institutional investors and hedge funds.

Several analysts recently issued reports on MAIN shares. SunTrust Banks reaffirmed a “hold” rating and set a $40.00 price objective on shares of Main Street Capital in a research note on Friday, August 3rd. National Securities upped their price objective on shares of Main Street Capital from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday, August 8th. Finally, Zacks Investment Research cut shares of Main Street Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $40.25.

Shares of NYSE MAIN opened at $39.50 on Thursday. Main Street Capital Co. has a 12-month low of $34.37 and a 12-month high of $41.79. The stock has a market cap of $2.40 billion, a P/E ratio of 16.18 and a beta of 0.86. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.11.

Main Street Capital (NYSE:MAIN) last announced its quarterly earnings data on Thursday, August 2nd. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.04. Main Street Capital had a net margin of 83.40% and a return on equity of 11.81%. The company had revenue of $59.87 million during the quarter, compared to analysts’ expectations of $57.88 million. During the same quarter in the prior year, the company earned $0.58 EPS. Main Street Capital’s revenue was up 19.1% compared to the same quarter last year. equities analysts forecast that Main Street Capital Co. will post 2.58 earnings per share for the current year.

The firm also recently disclosed a dividend, which will be paid on Monday, October 15th. Investors of record on Thursday, September 20th will be paid a dividend of $0.195 per share. The ex-dividend date is Wednesday, September 19th. Main Street Capital’s dividend payout ratio is presently 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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Institutional Ownership by Quarter for Main Street Capital (NYSE:MAIN)

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