CoreCap Advisors LLC Has $4.56 Million Stake in Main Street Capital Corporation $MAIN

CoreCap Advisors LLC lifted its holdings in Main Street Capital Corporation (NYSE:MAIN) by 16.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,499 shares of the financial services provider’s stock after acquiring an additional 10,539 shares during the period. CoreCap Advisors LLC’s holdings in Main Street Capital were worth $4,559,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quest 10 Wealth Builders Inc. acquired a new stake in Main Street Capital during the third quarter worth approximately $25,000. City Holding Co. acquired a new stake in shares of Main Street Capital during the 3rd quarter worth approximately $26,000. Smartleaf Asset Management LLC increased 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 valued at $28,000 after acquiring 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 valued at $30,000. Finally, Assetmark Inc. lifted 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 acquiring an additional 339 shares during the period. Institutional investors own 20.31% of the company’s stock.

Main Street Capital Trading Down 2.5%

MAIN opened at $51.58 on Friday. Main Street Capital Corporation has a fifty-two week low of $47.00 and a fifty-two week high of $67.77. The firm has a market capitalization of $4.65 billion, a PE ratio of 9.34 and a beta of 0.80. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.06 and a quick ratio of 0.06. The company’s 50-day moving average is $59.01 and its 200 day moving average is $59.91.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings data on Thursday, February 26th. The financial services provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. Main Street Capital had a return on equity of 12.44% and a net margin of 87.11%.The firm had revenue of $156.17 million during the quarter, compared to analyst estimates of $141.50 million. As a group, research analysts predict that Main Street Capital Corporation will post 4.11 earnings per share for the current fiscal year.

Main Street Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 8th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, April 8th. Main Street Capital’s dividend payout ratio is presently 56.52%.

Analyst Upgrades and Downgrades

A number of research firms have commented on MAIN. Weiss Ratings restated a “buy (b+)” rating on shares of Main Street Capital in a report on Monday, December 22nd. Noble Financial reissued a “neutral” rating on shares of Main Street Capital in a research report on Thursday, January 15th. Citigroup restated an “outperform” rating on shares of Main Street Capital in a research note on Tuesday, January 27th. Loop Capital raised Main Street Capital to a “neutral” rating and set a $65.00 target price for the company in a research report on Thursday, January 15th. Finally, Wall Street Zen raised Main Street Capital from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $61.71.

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.