Mutual Advisors LLC Sells 1,310 Shares of Main Street Capital Corporation $MAIN

Mutual Advisors LLC decreased its position in Main Street Capital Corporation (NYSE:MAIN) by 12.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,019 shares of the financial services provider’s stock after selling 1,310 shares during the quarter. Mutual Advisors LLC’s holdings in Main Street Capital were worth $533,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Financial Network Wealth Advisors LLC bought a new position in Main Street Capital during the first quarter valued at about $39,000. Spire Wealth Management bought a new position in Main Street Capital during the first quarter valued at about $40,000. Wellington Shields & Co. LLC bought a new position in Main Street Capital during the first quarter valued at about $41,000. Quarry LP bought a new position in Main Street Capital during the first quarter valued at about $48,000. Finally, Wealth Preservation Advisors LLC bought a new position in Main Street Capital during the first quarter valued at about $58,000. Institutional investors own 20.31% of the company’s stock.

Insider Transactions at Main Street Capital

In other Main Street Capital news, Director Nicholas Meserve sold 14,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $67.15, for a total value of $940,100.00. Following the transaction, the director directly owned 82,383 shares of the company’s stock, valued at approximately $5,532,018.45. This trade represents a 14.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.09% of the company’s stock.

Wall Street Analysts Forecast Growth

MAIN has been the subject of several research reports. Royal Bank Of Canada increased their price target on shares of Main Street Capital from $52.00 to $67.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Main Street Capital in a research report on Tuesday, October 14th. Zacks Research lowered shares of Main Street Capital from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. B. Riley increased their target price on shares of Main Street Capital from $60.00 to $64.00 and gave the stock a “neutral” rating in a research report on Monday, August 18th. Finally, UBS Group reiterated a “neutral” rating and set a $58.00 target price (up previously from $56.00) on shares of Main Street Capital in a research report on Wednesday, July 16th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $60.40.

Main Street Capital Price Performance

MAIN opened at $58.15 on Monday. Main Street Capital Corporation has a one year low of $47.00 and a one year high of $67.77. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09. The company’s 50 day simple moving average is $63.97 and its 200-day simple moving average is $59.88. The stock has a market capitalization of $5.20 billion, a P/E ratio of 9.58 and a beta of 0.87.

Main Street Capital (NYSE:MAIN) last released its quarterly earnings results on Thursday, August 7th. The financial services provider reported $0.99 EPS for the quarter, meeting the consensus estimate of $0.99. Main Street Capital had a net margin of 96.16% and a return on equity of 12.70%. The business had revenue of $143.97 million for the quarter, compared to analysts’ expectations of $137.23 million. Sell-side analysts anticipate that Main Street Capital Corporation will post 4.11 earnings per share for the current fiscal year.

Main Street Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 8th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, October 8th. This represents a $1.20 dividend on an annualized basis and a yield of 2.1%. Main Street Capital’s dividend payout ratio (DPR) is presently 50.41%.

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.