JPMorgan Chase & Co. Has $24.32 Million Position in Main Street Capital Corporation $MAIN

JPMorgan Chase & Co. boosted its stake in shares of Main Street Capital Corporation (NYSE:MAIN) by 90.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 382,450 shares of the financial services provider’s stock after purchasing an additional 181,733 shares during the period. JPMorgan Chase & Co. owned about 0.43% of Main Street Capital worth $24,320,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Van ECK Associates Corp boosted its stake in shares of Main Street Capital by 100.9% during the 3rd quarter. Van ECK Associates Corp now owns 2,448,201 shares of the financial services provider’s stock valued at $155,681,000 after buying an additional 1,229,863 shares during the period. UBS Group AG increased its stake in shares of Main Street Capital by 160.7% in the third quarter. UBS Group AG now owns 866,884 shares of the financial services provider’s stock worth $55,125,000 after acquiring an additional 534,374 shares during the last quarter. HRT Financial LP increased its stake in shares of Main Street Capital by 147.7% in the second quarter. HRT Financial LP now owns 213,431 shares of the financial services provider’s stock worth $12,613,000 after acquiring an additional 127,270 shares during the last quarter. Quantbot Technologies LP raised its holdings in shares of Main Street Capital by 672.5% during the second quarter. Quantbot Technologies LP now owns 80,296 shares of the financial services provider’s stock worth $4,745,000 after acquiring an additional 69,902 shares in the last quarter. Finally, Muzinich & Co. Inc. raised its holdings in shares of Main Street Capital by 15.9% during the third quarter. Muzinich & Co. Inc. now owns 367,140 shares of the financial services provider’s stock worth $23,346,000 after acquiring an additional 50,332 shares in the last quarter. Institutional investors and hedge funds own 20.31% of the company’s stock.

Main Street Capital Trading Up 0.1%

Shares of NYSE:MAIN opened at $55.06 on Tuesday. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $4.96 billion, a PE ratio of 9.97 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. The firm has a fifty day moving average price of $59.76 and a 200 day moving average price of $60.18.

Main Street Capital (NYSE:MAIN) last posted its earnings results on Thursday, February 26th. The financial services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.03. Main Street Capital had a return on equity of 12.44% and a net margin of 87.11%.The company had revenue of $156.17 million for the quarter, compared to analyst estimates of $141.50 million. Analysts expect that Main Street Capital Corporation will post 4.11 EPS for the current fiscal year.

Main Street Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 8th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, April 8th. Main Street Capital’s dividend payout ratio (DPR) is presently 56.52%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Weiss Ratings restated a “buy (b+)” rating on shares of Main Street Capital in a research note on Monday, December 22nd. Loop Capital raised Main Street Capital to a “neutral” rating and set a $65.00 price target for the company in a research note on Thursday, January 15th. Citigroup reiterated an “outperform” rating on shares of Main Street Capital in a report on Tuesday, January 27th. Noble Financial reissued a “neutral” rating on shares of Main Street Capital in a research note on Thursday, January 15th. Finally, Citizens Jmp set a $70.00 price objective on Main Street Capital in a report on Monday, December 8th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $61.71.

About Main Street Capital

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.