Main Street Capital Co. (NYSE:MAIN) Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its position in shares of Main Street Capital Co. (NYSE:MAIN) by 59.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,089 shares of the financial services provider’s stock after buying an additional 405 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Main Street Capital were worth $55,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Triad Wealth Partners LLC purchased a new position in shares of Main Street Capital during the second quarter worth about $38,000. Optimum Investment Advisors increased its holdings in shares of Main Street Capital by 100.0% in the second quarter. Optimum Investment Advisors now owns 1,000 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 500 shares during the period. Scarborough Advisors LLC purchased a new stake in shares of Main Street Capital during the fourth quarter worth approximately $72,000. Newbridge Financial Services Group Inc. raised its stake in shares of Main Street Capital by 32.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,733 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 420 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of Main Street Capital during the second quarter worth $79,000. Institutional investors and hedge funds own 20.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MAIN. Royal Bank of Canada restated an “outperform” rating and set a $52.00 price objective on shares of Main Street Capital in a research report on Wednesday, August 14th. Oppenheimer increased their price target on shares of Main Street Capital from $43.00 to $44.00 and gave the stock a “market perform” rating in a report on Tuesday, August 13th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Main Street Capital currently has a consensus rating of “Hold” and an average target price of $48.40.

Main Street Capital Stock Performance

NYSE:MAIN opened at $51.22 on Friday. The firm’s fifty day simple moving average is $49.58 and its 200-day simple moving average is $49.42. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.11. The stock has a market cap of $4.39 billion, a PE ratio of 9.35 and a beta of 1.30. Main Street Capital Co. has a fifty-two week low of $37.70 and a fifty-two week high of $52.39.

Main Street Capital (NYSE:MAIN) last issued its earnings results on Thursday, August 8th. The financial services provider reported $1.01 earnings per share for the quarter, hitting the consensus estimate of $1.01. Main Street Capital had a net margin of 87.58% and a return on equity of 14.06%. The company had revenue of $132.15 million for the quarter, compared to analyst estimates of $132.62 million. During the same period in the prior year, the business posted $1.06 earnings per share. Analysts expect that Main Street Capital Co. will post 4.12 earnings per share for the current fiscal year.

Main Street Capital Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a dividend of $0.30 per share. The ex-dividend date was Friday, September 20th. This represents a yield of 7.66%. Main Street Capital’s dividend payout ratio is presently 53.65%.

About Main Street Capital

Main Street Capital Corporation is a business development company 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.