J.W. Cole Advisors Inc. Has $1.07 Million Stock Holdings in Main Street Capital Co. (NYSE:MAIN)

J.W. Cole Advisors Inc. trimmed its position in Main Street Capital Co. (NYSE:MAIN) by 6.6% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 21,373 shares of the financial services provider’s stock after selling 1,507 shares during the period. J.W. Cole Advisors Inc.’s holdings in Main Street Capital were worth $1,072,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Godsey & Gibb Inc. bought a new stake in shares of Main Street Capital during the third quarter worth approximately $28,000. Triad Wealth Partners LLC bought a new stake in shares of Main Street Capital during the 2nd quarter valued at $38,000. Optimum Investment Advisors lifted its stake in shares of Main Street Capital by 100.0% in the 2nd 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. Northwestern Mutual Wealth Management Co. boosted its position in shares of Main Street Capital by 59.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,089 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 405 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. 20.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on MAIN. Oppenheimer increased their target price on Main Street Capital from $43.00 to $44.00 and gave the company a “market perform” rating in a research note on Tuesday, August 13th. Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 price target on shares of Main Street Capital in a research report on Wednesday, August 14th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $48.40.

Main Street Capital Stock Performance

MAIN stock opened at $51.36 on Wednesday. Main Street Capital Co. has a 1-year low of $37.70 and a 1-year high of $52.62. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.11. The firm has a market cap of $4.40 billion, a PE ratio of 9.37 and a beta of 1.30. The business’s 50-day moving average price is $50.27 and its two-hundred day moving average price is $49.81.

Main Street Capital (NYSE:MAIN) last released its quarterly earnings data on Thursday, August 8th. The financial services provider reported $1.01 earnings per share for the quarter, meeting the consensus estimate of $1.01. Main Street Capital had a return on equity of 14.06% and a net margin of 87.58%. The business had revenue of $132.15 million for the quarter, compared to analysts’ expectations of $132.62 million. During the same quarter in the previous year, the business posted $1.06 EPS. As a group, research analysts forecast that Main Street Capital Co. will post 4.12 earnings per share for the current year.

Main Street Capital Dividend Announcement

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

Main Street Capital Profile

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.