Eagle Global Advisors LLC Purchases 9,760 Shares of Main Street Capital Corporation $MAIN

Eagle Global Advisors LLC grew its position in Main Street Capital Corporation (NYSE:MAIN) by 84.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,275 shares of the financial services provider’s stock after acquiring an additional 9,760 shares during the quarter. Eagle Global Advisors LLC’s holdings in Main Street Capital were worth $1,285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of MAIN. Quest 10 Wealth Builders Inc. purchased a new position in shares of Main Street Capital in the third quarter valued at $25,000. City Holding Co. bought a new position in Main Street Capital during the third quarter valued at $26,000. Smartleaf Asset Management LLC grew its stake in shares of Main Street Capital by 109.6% in the 2nd quarter. Smartleaf Asset Management LLC now owns 478 shares of the financial services provider’s stock worth $28,000 after buying an additional 250 shares in the last quarter. Investors Research Corp bought a new stake in shares of Main Street Capital in the 4th quarter worth about $30,000. Finally, Assetmark Inc. raised its position in shares of Main Street Capital by 203.0% during the 3rd quarter. Assetmark Inc. now owns 506 shares of the financial services provider’s stock valued at $32,000 after buying an additional 339 shares in the last quarter. 20.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on MAIN. Loop Capital upgraded Main Street Capital to a “neutral” rating and set a $65.00 price target for the company in a research report on Thursday, January 15th. Citizens Jmp decreased their price objective on Main Street Capital from $74.00 to $70.00 and set a “market outperform” rating on the stock in a research report on Wednesday. Citigroup reaffirmed an “outperform” rating on shares of Main Street Capital in a research note on Tuesday, January 27th. Noble Financial reissued a “neutral” rating on shares of Main Street Capital in a research report on Thursday, January 15th. Finally, Wall Street Zen upgraded Main Street Capital from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Main Street Capital presently has a consensus rating of “Hold” and an average target price of $61.71.

Main Street Capital Trading Up 1.0%

NYSE MAIN opened at $54.57 on Thursday. The stock has a market cap of $4.92 billion, a PE ratio of 9.89 and a beta of 0.80. Main Street Capital Corporation has a 12 month low of $50.77 and a 12 month high of $67.77. The company’s 50-day moving average price is $55.77 and its 200-day moving average price is $58.51. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.12.

Main Street Capital (NYSE:MAIN) last released its quarterly earnings data on Thursday, February 26th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.03. Main Street Capital had a net margin of 87.11% and a return on equity of 12.44%. The company had revenue of $156.17 million during the quarter, compared to analysts’ expectations of $141.50 million. Equities research analysts forecast that Main Street Capital Corporation will post 4.02 earnings per share for the current year.

Main Street Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 8th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, April 8th. This represents a $1.20 dividend on an annualized basis and a yield of 2.2%. Main Street Capital’s payout ratio is 56.52%.

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.