Main Street Capital Co. (NYSE:MAIN) Shares Sold by Global Retirement Partners LLC

Global Retirement Partners LLC cut its stake in Main Street Capital Co. (NYSE:MAIN) by 1.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,866 shares of the financial services provider’s stock after selling 489 shares during the period. Global Retirement Partners LLC’s holdings in Main Street Capital were worth $1,297,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in MAIN. Sound Income Strategies LLC raised its holdings in shares of Main Street Capital by 2.2% during the first quarter. Sound Income Strategies LLC now owns 359,773 shares of the financial services provider’s stock worth $17,021,000 after purchasing an additional 7,790 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Main Street Capital by 1.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 43,538 shares of the financial services provider’s stock worth $2,060,000 after purchasing an additional 492 shares during the period. Register Financial Advisors LLC raised its holdings in shares of Main Street Capital by 19.9% during the first quarter. Register Financial Advisors LLC now owns 2,712 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 450 shares during the period. Hexagon Capital Partners LLC raised its holdings in shares of Main Street Capital by 8.4% during the first quarter. Hexagon Capital Partners LLC now owns 3,851 shares of the financial services provider’s stock worth $182,000 after purchasing an additional 298 shares during the period. Finally, Financial Security Advisor Inc. raised its holdings in shares of Main Street Capital by 10.6% during the first quarter. Financial Security Advisor Inc. now owns 10,736 shares of the financial services provider’s stock worth $508,000 after purchasing an additional 1,028 shares during the period. 20.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on MAIN. Oppenheimer increased their target price 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. Royal Bank of Canada restated an “outperform” rating and set a $52.00 price target on shares of Main Street Capital in a research report on Wednesday, August 14th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $48.40.

Main Street Capital Stock Performance

Shares of MAIN opened at $52.35 on Friday. The firm has a 50-day moving average price of $49.90 and a 200 day moving average price of $49.61. The firm has a market capitalization of $4.49 billion, a PE ratio of 9.55 and a beta of 1.30. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.11. Main Street Capital Co. has a 52-week low of $37.70 and a 52-week high of $52.39.

Main Street Capital (NYSE:MAIN) last announced its earnings results on Thursday, August 8th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.01. The firm had revenue of $132.15 million during the quarter, compared to analyst estimates of $132.62 million. Main Street Capital had a net margin of 87.58% and a return on equity of 14.06%. During the same quarter in the prior year, the firm posted $1.06 EPS. On average, sell-side analysts anticipate that Main Street Capital Co. will post 4.12 earnings per share for the current fiscal year.

Main Street Capital Announces Dividend

The business also recently announced a dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a $0.30 dividend. The ex-dividend date of this dividend 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.