Clear Trail Advisors LLC Invests $1.15 Million in Main Street Capital Corporation $MAIN

Clear Trail Advisors LLC purchased a new stake in shares of Main Street Capital Corporation (NYSE:MAIN) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 21,624 shares of the financial services provider’s stock, valued at approximately $1,145,000.

Other hedge funds have also bought and sold shares of the company. Van ECK Associates Corp grew its holdings in Main Street Capital by 100.9% in the third quarter. Van ECK Associates Corp now owns 2,448,201 shares of the financial services provider’s stock worth $155,681,000 after purchasing an additional 1,229,863 shares during the period. Corient Private Wealth LLC boosted its position in shares of Main Street Capital by 3,880.8% in the 4th quarter. Corient Private Wealth LLC now owns 890,461 shares of the financial services provider’s stock worth $53,774,000 after purchasing an additional 868,092 shares in the last quarter. UBS Group AG boosted its position in shares of Main Street Capital by 160.7% in the 3rd quarter. UBS Group AG now owns 866,884 shares of the financial services provider’s stock worth $55,125,000 after purchasing an additional 534,374 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Main Street Capital by 637.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 356,799 shares of the financial services provider’s stock worth $21,547,000 after buying an additional 308,404 shares during the last quarter. Finally, Childress Capital Advisors LLC grew its stake in shares of Main Street Capital by 165.2% in the 4th quarter. Childress Capital Advisors LLC now owns 293,733 shares of the financial services provider’s stock worth $17,739,000 after buying an additional 182,973 shares during the last quarter. Institutional investors own 20.31% of the company’s stock.

Analyst Upgrades and Downgrades

MAIN has been the subject of a number of analyst reports. Royal Bank Of Canada reduced their price objective on Main Street Capital from $66.00 to $58.00 and set an “outperform” rating for the company in a research report on Thursday, May 14th. Truist Financial cut 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, May 19th. Weiss Ratings cut Main Street Capital from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 22nd. Wall Street Zen downgraded Main Street Capital from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Finally, Citizens Jmp dropped their price target on shares of Main Street Capital from $74.00 to $70.00 and set a “market outperform” rating on the stock in a research note on Wednesday, April 22nd. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Main Street Capital currently has a consensus rating of “Hold” and a consensus price target of $59.14.

Main Street Capital Price Performance

Shares of NYSE:MAIN opened at $50.45 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.06 and a current ratio of 0.06. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of 10.62 and a beta of 0.72. The business has a 50-day simple moving average of $52.64 and a two-hundred day simple moving average of $56.89. Main Street Capital Corporation has a fifty-two week low of $48.95 and a fifty-two week high of $67.77.

Main Street Capital (NYSE:MAIN) last announced its quarterly earnings results 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). Main Street Capital had a net margin of 74.86% and a return on equity of 12.01%. The company had revenue of $73.44 million for the quarter, compared to analysts’ expectations of $145.23 million. On average, analysts expect that Main Street Capital Corporation will post 3.78 earnings per share for the current year.

Main Street Capital Dividend Announcement

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 $0.265 dividend. The ex-dividend date is Tuesday, September 8th. This represents a c) annualized dividend and a yield of 6.3%. Main Street Capital’s dividend payout ratio (DPR) is currently 65.68%.

About Main Street Capital

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.