Main Street Capital Corporation $MAIN Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP trimmed its position in shares of Main Street Capital Corporation (NYSE:MAIN) by 32.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,172 shares of the financial services provider’s stock after selling 26,124 shares during the quarter. Quantbot Technologies LP’s holdings in Main Street Capital were worth $3,445,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in MAIN. Quest 10 Wealth Builders Inc. acquired a new stake in Main Street Capital during the third quarter valued at $25,000. City Holding Co. purchased a new stake in shares of Main Street Capital during the 3rd quarter worth about $26,000. Smartleaf Asset Management LLC grew its position in shares of Main Street Capital by 109.6% during 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. Assetmark Inc. increased its stake in shares of Main Street Capital by 203.0% in the 3rd quarter. Assetmark Inc. now owns 506 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 339 shares in the last quarter. Finally, Archer Investment Corp raised its holdings in Main Street Capital by 134.5% in the 3rd quarter. Archer Investment Corp now owns 544 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 312 shares during the period. 20.31% of the stock is currently owned by institutional investors and hedge funds.

Main Street Capital Trading Up 1.3%

Shares of Main Street Capital stock opened at $57.56 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.06 and a quick ratio of 0.06. The stock’s 50 day simple moving average is $61.14 and its 200-day simple moving average is $61.16. The stock has a market cap of $5.16 billion, a P/E ratio of 10.43 and a beta of 0.80. Main Street Capital Corporation has a 1-year low of $47.00 and a 1-year high of $67.77.

Main Street Capital (NYSE:MAIN) last announced its quarterly earnings data on Thursday, February 26th. The financial services provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. The firm had revenue of $156.17 million for the quarter, compared to the consensus estimate of $141.50 million. Main Street Capital had a return on equity of 12.56% and a net margin of 87.11%. Analysts predict that Main Street Capital Corporation will post 4.11 EPS for the current fiscal year.

Main Street Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 8th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, April 8th. This represents a $1.20 annualized dividend and a dividend yield of 2.1%. Main Street Capital’s payout ratio is presently 56.52%.

Analysts Set New Price Targets

Several brokerages have commented on MAIN. Citizens Jmp set a $70.00 price objective on Main Street Capital in a report on Monday, December 8th. Loop Capital raised shares of Main Street Capital to a “neutral” rating and set a $65.00 price target on the stock in a research note on Thursday, January 15th. Royal Bank Of Canada reduced their price objective on shares of Main Street Capital from $67.00 to $66.00 and set an “outperform” rating for the company in a research report on Tuesday, December 9th. Citigroup reaffirmed an “outperform” rating on shares of Main Street Capital in a report on Tuesday, January 27th. Finally, B. Riley Financial cut their target price on shares of Main Street Capital from $64.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, November 12th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $61.71.

Main Street Capital 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.