Blue Trust Inc. Purchases 1,571 Shares of Main Street Capital Co. (NYSE:MAIN)

Blue Trust Inc. grew its position in shares of Main Street Capital Co. (NYSE:MAIN) by 40.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,479 shares of the financial services provider’s stock after purchasing an additional 1,571 shares during the quarter. Blue Trust Inc.’s holdings in Main Street Capital were worth $277,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in MAIN. Triad Wealth Partners LLC bought a new stake in shares of Main Street Capital in the 2nd quarter valued at $38,000. Optimum Investment Advisors lifted its position in shares of Main Street Capital by 100.0% during the 2nd quarter. Optimum Investment Advisors now owns 1,000 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 500 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Main Street Capital by 59.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,089 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 405 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Main Street Capital during the 2nd quarter valued at $79,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Main Street Capital during the 2nd quarter valued at $80,000. Institutional investors own 20.31% of the company’s stock.

Main Street Capital Stock Performance

MAIN opened at $51.77 on Friday. 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 company’s fifty day moving average price is $50.17 and its two-hundred day moving average price is $49.72. Main Street Capital Co. has a 1-year low of $37.70 and a 1-year high of $52.62. The company has a market cap of $4.44 billion, a price-to-earnings ratio of 9.45 and a beta of 1.30.

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, 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 firm had revenue of $132.15 million for the quarter, compared to the consensus estimate of $132.62 million. During the same quarter in the prior year, the company posted $1.06 earnings per share. On average, analysts expect that Main Street Capital Co. will post 4.12 EPS for the current fiscal year.

Main Street Capital Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, September 27th. Shareholders 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 payout ratio is 53.65%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MAIN. Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 target price on shares of Main Street Capital in a research report on Wednesday, August 14th. Oppenheimer boosted their target price on shares of Main Street Capital from $43.00 to $44.00 and gave the company a “market perform” rating in a research report on Tuesday, August 13th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Main Street Capital presently has a consensus rating of “Hold” and a consensus target price of $48.40.

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.