GSA Capital Partners LLP Buys New Holdings in Main Street Capital Corporation $MAIN

GSA Capital Partners LLP bought a new stake in shares of Main Street Capital Corporation (NYSE:MAIN) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 16,759 shares of the financial services provider’s stock, valued at approximately $1,012,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MAIN. Brighton Jones LLC bought a new stake in Main Street Capital during the 4th quarter valued at approximately $304,000. NewEdge Advisors LLC raised its stake in Main Street Capital by 5,416.7% during the 1st quarter. NewEdge Advisors LLC now owns 1,655 shares of the financial services provider’s stock valued at $94,000 after purchasing an additional 1,625 shares during the period. Guggenheim Capital LLC raised its stake in Main Street Capital by 4.8% during the 2nd quarter. Guggenheim Capital LLC now owns 12,492 shares of the financial services provider’s stock valued at $738,000 after purchasing an additional 570 shares during the period. First Trust Advisors LP raised its stake in Main Street Capital by 2.3% during the 2nd quarter. First Trust Advisors LP now owns 188,296 shares of the financial services provider’s stock valued at $11,128,000 after purchasing an additional 4,317 shares during the period. Finally, Jump Financial LLC bought a new stake in Main Street Capital during the 2nd quarter valued at approximately $228,000. Institutional investors own 20.31% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on MAIN shares. Truist Financial decreased their target price on Main Street Capital from $60.00 to $53.00 and set a “hold” rating on the stock in a research note on Tuesday. Weiss Ratings downgraded Main Street Capital from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Royal Bank Of Canada reduced their price objective on Main Street Capital from $66.00 to $58.00 and set an “outperform” rating on the stock in a research note on Thursday, May 14th. Wall Street Zen downgraded Main Street Capital from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Main Street Capital in a research note on Tuesday, January 27th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $60.67.

Main Street Capital Stock Performance

NYSE:MAIN opened at $51.00 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.06 and a quick ratio of 0.06. Main Street Capital Corporation has a 1 year low of $49.85 and a 1 year high of $67.77. The stock’s 50 day simple moving average is $53.92 and its two-hundred day simple moving average is $57.88. The company has a market cap of $4.74 billion, a price-to-earnings ratio of 10.74 and a beta of 0.76.

Main Street Capital (NYSE:MAIN) last released its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.11). The firm had revenue of $73.44 million during the quarter, compared to the consensus estimate of $145.23 million. Main Street Capital had a return on equity of 12.01% and a net margin of 74.86%. As a group, equities analysts anticipate that Main Street Capital Corporation will post 3.96 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. Stockholders of record on Tuesday, September 8th will be given a dividend of $0.265 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a c) annualized dividend and a dividend yield of 6.2%. Main Street Capital’s payout ratio is currently 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.