Focused Wealth Management Inc grew its holdings in shares of Main Street Capital Co. (NYSE:MAIN) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,474 shares of the financial services provider’s stock after purchasing an additional 354 shares during the quarter. Focused Wealth Management Inc’s holdings in Main Street Capital were worth $667,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Sound Income Strategies LLC raised its holdings in Main Street Capital by 10.7% in the 3rd quarter. Sound Income Strategies LLC now owns 643,410 shares of the financial services provider’s stock worth $27,802,000 after acquiring an additional 62,116 shares during the period. California Public Employees Retirement System boosted its position in shares of Main Street Capital by 37.7% during the 3rd quarter. California Public Employees Retirement System now owns 141,761 shares of the financial services provider’s stock valued at $6,125,000 after acquiring an additional 38,783 shares in the last quarter. Sigma Planning Corp boosted its position in shares of Main Street Capital by 98.7% during the 3rd quarter. Sigma Planning Corp now owns 39,410 shares of the financial services provider’s stock valued at $1,703,000 after acquiring an additional 19,576 shares in the last quarter. DNB Asset Management AS boosted its position in shares of Main Street Capital by 35.6% during the 3rd quarter. DNB Asset Management AS now owns 72,038 shares of the financial services provider’s stock valued at $3,113,000 after acquiring an additional 18,926 shares in the last quarter. Finally, Sanders Morris Harris LLC boosted its position in shares of Main Street Capital by 4.6% during the 4th quarter. Sanders Morris Harris LLC now owns 397,934 shares of the financial services provider’s stock valued at $14,803,000 after acquiring an additional 17,394 shares in the last quarter. Institutional investors and hedge funds own 22.93% of the company’s stock.

Several analysts have recently weighed in on MAIN shares. National Securities started coverage on shares of Main Street Capital in a research report on Monday, September 23rd. They set a “neutral” rating and a $40.00 target price on the stock. Raymond James lowered shares of Main Street Capital from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 22nd. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Main Street Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Royal Bank of Canada began coverage on shares of Main Street Capital in a research report on Tuesday, November 12th. They issued an “outperform” rating and a $44.00 price target on the stock. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $43.50.

Shares of NYSE MAIN traded down $0.30 during trading on Tuesday, reaching $44.32. The company had a trading volume of 245,807 shares, compared to its average volume of 243,747. Main Street Capital Co. has a 52 week low of $36.29 and a 52 week high of $45.00. The stock has a market cap of $2.82 billion, a PE ratio of 22.38 and a beta of 0.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.13 and a current ratio of 0.13. The business’s 50 day moving average price is $43.52 and its 200-day moving average price is $42.87.

Main Street Capital (NYSE:MAIN) last announced its earnings results on Thursday, November 7th. The financial services provider reported $0.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.01). Main Street Capital had a return on equity of 10.59% and a net margin of 50.85%. The company had revenue of $60.07 million during the quarter, compared to the consensus estimate of $61.26 million. During the same period in the prior year, the firm posted $0.63 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis. Equities analysts anticipate that Main Street Capital Co. will post 2.49 earnings per share for the current year.

The business also recently announced a monthly dividend, which will be paid on Friday, February 14th. Shareholders of record on Wednesday, January 22nd will be paid a $0.205 dividend. This represents a $2.46 dividend on an annualized basis and a dividend yield of 5.55%. The ex-dividend date of this dividend is Tuesday, January 21st. Main Street Capital’s dividend payout ratio is presently 94.62%.

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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