Delta Investment Management LLC Purchases 3,304 Shares of Main Street Capital Corporation $MAIN

Delta Investment Management LLC boosted its stake in shares of Main Street Capital Corporation (NYSE:MAIN) by 8.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,729 shares of the financial services provider’s stock after acquiring an additional 3,304 shares during the quarter. Delta Investment Management LLC’s holdings in Main Street Capital were worth $2,407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of MAIN. Jones Financial Companies Lllp boosted its holdings in Main Street Capital by 45,123.0% during the 1st quarter. Jones Financial Companies Lllp now owns 590,613 shares of the financial services provider’s stock valued at $33,405,000 after acquiring an additional 589,307 shares during the period. Invesco Ltd. boosted its holdings in Main Street Capital by 282.5% during the 1st quarter. Invesco Ltd. now owns 532,267 shares of the financial services provider’s stock valued at $30,105,000 after acquiring an additional 393,101 shares during the period. Victory Capital Management Inc. purchased a new stake in Main Street Capital during the 1st quarter valued at about $6,205,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Main Street Capital during the 1st quarter valued at about $4,840,000. Finally, J.W. Cole Advisors Inc. boosted its holdings in Main Street Capital by 272.8% during the 1st quarter. J.W. Cole Advisors Inc. now owns 84,925 shares of the financial services provider’s stock valued at $4,803,000 after acquiring an additional 62,142 shares during the period. 20.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Royal Bank Of Canada increased their target price on Main Street Capital from $52.00 to $67.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Main Street Capital in a report on Tuesday, October 14th. UBS Group reiterated a “neutral” rating and issued a $58.00 price objective (up previously from $56.00) on shares of Main Street Capital in a report on Wednesday, July 16th. Zacks Research cut Main Street Capital from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Finally, Wall Street Zen upgraded Main Street Capital from a “sell” rating to a “hold” rating in a report on Sunday, August 3rd. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $60.40.

Insider Activity at Main Street Capital

In other Main Street Capital news, Director Nicholas Meserve sold 14,000 shares of Main Street Capital stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $67.15, for a total value of $940,100.00. Following the completion of the sale, the director 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.00% of the company’s stock.

Main Street Capital Stock Down 0.1%

Shares of NYSE:MAIN opened at $57.54 on Monday. Main Street Capital Corporation has a 52-week low of $47.00 and a 52-week high of $67.77. The firm has a market capitalization of $5.15 billion, a P/E ratio of 9.48 and a beta of 0.87. The stock has a 50 day moving average price of $63.07 and a 200-day moving average price of $60.13. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09.

Main Street Capital (NYSE:MAIN) last announced its earnings results on Thursday, August 7th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.99. Main Street Capital had a return on equity of 12.70% and a net margin of 96.16%.The firm had revenue of $143.97 million during the quarter, compared to analyst estimates of $137.23 million. As a group, equities research analysts anticipate that Main Street Capital Corporation will post 4.11 EPS for the current fiscal year.

Main Street Capital Announces Dividend

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

Main Street Capital Company 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.