10,620 Shares in Main Street Capital Corporation $MAIN Purchased by Passumpsic Savings Bank

Passumpsic Savings Bank bought a new position in shares of Main Street Capital Corporation (NYSE:MAIN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,620 shares of the financial services provider’s stock, valued at approximately $641,000.

Other large investors have also recently added to or reduced their stakes in the company. Freedom Financial Partners LLC raised its holdings in shares of Main Street Capital by 3.3% in the 4th quarter. Freedom Financial Partners LLC now owns 5,356 shares of the financial services provider’s stock worth $323,000 after purchasing an additional 170 shares during the period. Stratos Wealth Partners LTD. raised its holdings in shares of Main Street Capital by 2.0% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 9,916 shares of the financial services provider’s stock worth $631,000 after purchasing an additional 198 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of Main Street Capital by 5.4% in the 4th quarter. State of Alaska Department of Revenue now owns 4,127 shares of the financial services provider’s stock worth $249,000 after purchasing an additional 212 shares during the period. Stratos Wealth Advisors LLC raised its holdings in shares of Main Street Capital by 3.9% in the 4th quarter. Stratos Wealth Advisors LLC now owns 5,826 shares of the financial services provider’s stock worth $352,000 after purchasing an additional 220 shares during the period. Finally, Financial Security Advisor Inc. raised its holdings in shares of Main Street Capital by 1.7% in the 4th quarter. Financial Security Advisor Inc. now owns 13,994 shares of the financial services provider’s stock worth $845,000 after purchasing an additional 231 shares during the period. 20.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MAIN has been the topic of a number of research reports. Citigroup restated an “outperform” rating on shares of Main Street Capital in a report on Tuesday, January 27th. Royal Bank Of Canada cut their price objective on Main Street Capital from $66.00 to $58.00 and set an “outperform” rating on the stock in a report on Thursday. Citizens Jmp cut their price objective on Main Street Capital from $74.00 to $70.00 and set a “market outperform” rating on the stock in a report on Wednesday, April 22nd. Wall Street Zen downgraded Main Street Capital from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Weiss Ratings downgraded Main Street Capital from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Main Street Capital presently has a consensus rating of “Hold” and a consensus target price of $61.83.

Main Street Capital Stock Performance

Shares of NYSE:MAIN opened at $50.42 on Monday. The company has a market cap of $4.69 billion, a P/E ratio of 10.61 and a beta of 0.76. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.06 and a current ratio of 0.06. Main Street Capital Corporation has a one year low of $50.05 and a one year high of $67.77. The business’s 50-day simple moving average is $54.43 and its 200 day simple moving average is $58.06.

Main Street Capital (NYSE:MAIN) last announced its earnings results on Thursday, May 7th. The financial services provider reported $0.93 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.11). The company had revenue of $73.44 million for the quarter, compared to analysts’ expectations of $145.23 million. Main Street Capital had a net margin of 74.86% and a return on equity of 12.01%. On average, sell-side analysts forecast that Main Street Capital Corporation will post 4.02 earnings per share for the current fiscal year.

Main Street Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 8th will be issued a dividend of $0.265 per share. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Tuesday, September 8th. Main Street Capital’s dividend payout ratio (DPR) is presently 65.68%.

Main Street Capital Company Profile

Main Street Capital Corporation (NYSE: MAIN) is a publicly traded business development company that provides flexible debt and equity capital to lower middle market companies in the United States. Headquartered in Houston, Texas, Main Street Capital was formed in 2007 and operates under the Investment Company Act of 1940. The firm’s management services are provided by Main Street Capital Management, L.P., which focuses on identifying growing private companies with enterprise values typically between $10 million and $150 million.

Main Street Capital’s primary offerings include first-lien senior secured loans, second-lien loans, subordinated debt, and equity co-investments or minority equity positions.