Fund Advisors of America Inc FL Takes Position in Main Street Capital Corporation $MAIN

Fund Advisors of America Inc FL bought a new stake in Main Street Capital Corporation (NYSE:MAIN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 55,845 shares of the financial services provider’s stock, valued at approximately $3,372,000. Main Street Capital accounts for approximately 3.1% of Fund Advisors of America Inc FL’s portfolio, making the stock its 4th biggest position.

Other institutional investors have also modified their holdings of the company. Garner Asset Management Corp acquired a new position in shares of Main Street Capital in the 4th quarter valued at $28,000. Smartleaf Asset Management LLC increased its holdings in shares of Main Street Capital by 109.6% in the 2nd quarter. Smartleaf Asset Management LLC now owns 478 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 250 shares during the period. Sankala Group LLC acquired a new position in shares of Main Street Capital in the 4th quarter valued at $29,000. Investors Research Corp acquired a new position in shares of Main Street Capital in the 4th quarter valued at $30,000. Finally, Gilpin Wealth Management LLC acquired a new position in shares of Main Street Capital in the 4th quarter valued at $31,000. 20.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MAIN. Royal Bank Of Canada cut their target price on shares of Main Street Capital from $66.00 to $58.00 and set an “outperform” rating on the stock in a report on Thursday, May 14th. Citigroup reaffirmed an “outperform” rating on shares of Main Street Capital in a report on Tuesday, January 27th. Wall Street Zen cut shares of Main Street Capital from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings cut shares of Main Street Capital from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Finally, Citizens Jmp dropped their price objective on shares of Main Street Capital from $74.00 to $70.00 and set a “market outperform” rating on the stock in a research note on Wednesday, April 22nd. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Main Street Capital has a consensus rating of “Hold” and a consensus price target of $60.67.

Main Street Capital Stock Performance

Shares of MAIN opened at $51.00 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.06 and a current ratio of 0.06. The stock has a market capitalization of $4.74 billion, a P/E ratio of 10.74 and a beta of 0.76. The company’s fifty day moving average is $53.92 and its two-hundred day moving average is $57.88. Main Street Capital Corporation has a 1 year low of $49.85 and a 1 year high of $67.77.

Main Street Capital (NYSE:MAIN) last announced its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.11). The firm had revenue of $73.44 million during the quarter, compared to analyst estimates of $145.23 million. Main Street Capital had a net margin of 74.86% and a return on equity of 12.01%. On average, sell-side analysts predict that Main Street Capital Corporation will post 3.96 earnings per share for the current year.

Main Street Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 8th will be paid a $0.265 dividend. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Tuesday, September 8th. Main Street Capital’s payout ratio is currently 65.68%.

Main Street Capital Company Profile

Main Street Capital Corporation (NYSE: MAIN) is a publicly traded business development company that provides flexible debt and equity capital to lower middle market companies in the United States. Headquartered in Houston, Texas, Main Street Capital was formed in 2007 and operates under the Investment Company Act of 1940. The firm’s management services are provided by Main Street Capital Management, L.P., which focuses on identifying growing private companies with enterprise values typically between $10 million and $150 million.

Main Street Capital’s primary offerings include first-lien senior secured loans, second-lien loans, subordinated debt, and equity co-investments or minority equity positions.