Quantamental Technologies LLC cut its holdings in Main Street Capital Co. (NYSE:MAIN) by 77.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 1,600 shares of the financial services provider’s stock after selling 5,499 shares during the period. Quantamental Technologies LLC’s holdings in Main Street Capital were worth $60,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of MAIN. BlackRock Inc. raised its stake in Main Street Capital by 11.5% during the 3rd quarter. BlackRock Inc. now owns 273,473 shares of the financial services provider’s stock valued at $10,529,000 after purchasing an additional 28,267 shares during the period. JPMorgan Chase & Co. raised its stake in Main Street Capital by 126.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 46,424 shares of the financial services provider’s stock valued at $1,788,000 after purchasing an additional 25,929 shares during the period. Morgan Stanley raised its stake in Main Street Capital by 29.3% during the 3rd quarter. Morgan Stanley now owns 212,861 shares of the financial services provider’s stock valued at $8,195,000 after purchasing an additional 48,252 shares during the period. CX Institutional raised its stake in Main Street Capital by 2,788.0% during the 4th quarter. CX Institutional now owns 5,776 shares of the financial services provider’s stock valued at $195,000 after purchasing an additional 5,576 shares during the period. Finally, Monument Capital Management raised its stake in Main Street Capital by 5.3% during the 4th quarter. Monument Capital Management now owns 34,265 shares of the financial services provider’s stock valued at $1,159,000 after purchasing an additional 1,730 shares during the period. Institutional investors own 23.05% of the company’s stock.
NYSE:MAIN opened at $39.92 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.13 and a current ratio of 0.13. Main Street Capital Co. has a 1 year low of $31.95 and a 1 year high of $40.77. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of 15.35 and a beta of 0.96.
Main Street Capital (NYSE:MAIN) last released its quarterly earnings data on Thursday, May 9th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.02. Main Street Capital had a return on equity of 10.78% and a net margin of 73.33%. The business had revenue of $61.40 million for the quarter, compared to the consensus estimate of $60.33 million. During the same quarter in the previous year, the company posted $0.63 EPS. The company’s revenue was up 9.8% compared to the same quarter last year. On average, equities analysts expect that Main Street Capital Co. will post 2.54 earnings per share for the current fiscal year.
The company also recently disclosed a monthly dividend, which will be paid on Monday, September 16th. Shareholders of record on Tuesday, August 20th will be paid a $0.205 dividend. This represents a $2.46 dividend on an annualized basis and a yield of 6.16%. The ex-dividend date of this dividend is Monday, August 19th. Main Street Capital’s payout ratio is 92.31%.
Several analysts recently issued reports on MAIN shares. Zacks Investment Research downgraded Main Street Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, March 13th. National Securities reaffirmed a “neutral” rating and issued a $38.00 price objective on shares of Main Street Capital in a research note on Monday. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $39.80.
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Main Street Capital Company Profile
Main Street Capital Corporation is a business development company specializing in long- term equity and debt investments in small and lower middle market companies. The firm focuses on investments in, subordinated loans, private equity, venture debt, mezzanine investments, mature, mid venture, industry consolidation, later stage, late venture, emerging growth, management buyouts, change of control transactions, ownership transitions, recapitalizations, strategic acquisitions, refinancing, business expansion capital, growth financings, family estate planning, and other growth initiatives primarily for later stage businesses.
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