MQS Management LLC Makes New Investment in Main Street Capital Co. (NYSE:MAIN)

MQS Management LLC bought a new position in shares of Main Street Capital Co. (NYSE:MAINGet Rating) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,874 shares of the financial services provider’s stock, valued at approximately $219,000.

Several other large investors have also modified their holdings of MAIN. Marshall Wace North America L.P. bought a new position in Main Street Capital in the 1st quarter valued at about $30,000. EverSource Wealth Advisors LLC bought a new position in shares of Main Street Capital during the 4th quarter valued at about $38,000. Rockefeller Capital Management L.P. boosted its position in shares of Main Street Capital by 53.4% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,014 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 353 shares in the last quarter. National Bank of Canada FI bought a new position in shares of Main Street Capital during the 4th quarter valued at about $67,000. Finally, CWM LLC bought a new position in shares of Main Street Capital during the 4th quarter valued at about $70,000. 17.21% of the stock is currently owned by institutional investors.

Several equities analysts have recently weighed in on the stock. TheStreet lowered shares of Main Street Capital from a “b” rating to a “c+” rating in a research report on Friday, February 25th. StockNews.com began coverage on shares of Main Street Capital in a research note on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research raised shares of Main Street Capital from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Wednesday, May 11th. Finally, Hovde Group reduced their price objective on shares of Main Street Capital to $37.00 in a research note on Friday. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Main Street Capital currently has an average rating of “Hold” and a consensus price target of $42.83.

In related news, Director Vincent D. Foster sold 50,000 shares of the company’s stock in a transaction on Wednesday, March 2nd. The shares were sold at an average price of $43.15, for a total value of $2,157,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director John Earl Jackson acquired 1,800 shares of the firm’s stock in a transaction that occurred on Friday, March 25th. The stock was acquired at an average price of $42.22 per share, with a total value of $75,996.00. The disclosure for this purchase can be found here. Insiders sold 150,010 shares of company stock valued at $6,403,425 over the last three months. 4.56% of the stock is owned by insiders.

Shares of NYSE MAIN traded down $1.33 during mid-day trading on Friday, reaching $35.96. The company had a trading volume of 680,655 shares, compared to its average volume of 397,152. The stock has a fifty day moving average of $40.92 and a two-hundred day moving average of $42.79. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.06 and a current ratio of 0.06. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 7.40, a PEG ratio of 1.61 and a beta of 1.32. Main Street Capital Co. has a 12-month low of $35.30 and a 12-month high of $47.13.

Main Street Capital (NYSE:MAINGet Rating) last posted its quarterly earnings results on Thursday, May 5th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. The business had revenue of $79.40 million during the quarter, compared to analyst estimates of $82.59 million. Main Street Capital had a net margin of 110.79% and a return on equity of 11.40%. During the same period in the prior year, the firm earned $0.58 earnings per share. Sell-side analysts forecast that Main Street Capital Co. will post 2.89 earnings per share for the current fiscal year.

The business also recently declared a monthly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Friday, September 2nd will be given a $0.215 dividend. This represents a $2.58 dividend on an annualized basis and a dividend yield of 7.17%. The ex-dividend date of this dividend is Thursday, September 1st. Main Street Capital’s dividend payout ratio (DPR) is 53.09%.

Main Street Capital Profile (Get Rating)

Main Street Capital Corporation is a private equity firm specializes in equity capital to lower middle market companies. The firm specializing in recapitalizations, management buyouts, refinancing, family estate planning, management buyouts, refinancing, industry consolidation, mature, later stage emerging growth.

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

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