AlphaQuest LLC Has $2.08 Million Stock Holdings in Main Street Capital Corporation $MAIN

AlphaQuest LLC raised its holdings in Main Street Capital Corporation (NYSE:MAIN) by 115.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,409 shares of the financial services provider’s stock after acquiring an additional 18,413 shares during the quarter. AlphaQuest LLC’s holdings in Main Street Capital were worth $2,078,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Wellington Shields & Co. LLC raised its position in shares of Main Street Capital by 247.6% in the fourth quarter. Wellington Shields & Co. LLC now owns 2,520 shares of the financial services provider’s stock valued at $152,000 after purchasing an additional 1,795 shares during the period. Legal & General Group Plc increased its position in Main Street Capital by 15.2% during the fourth quarter. Legal & General Group Plc now owns 719,967 shares of the financial services provider’s stock worth $43,479,000 after acquiring an additional 95,177 shares during the period. Prospera Financial Services Inc increased its position in Main Street Capital by 0.4% during the fourth quarter. Prospera Financial Services Inc now owns 48,229 shares of the financial services provider’s stock worth $2,915,000 after acquiring an additional 194 shares during the period. Catalyst Funds Management Pty Ltd bought a new position in Main Street Capital during the fourth quarter worth $211,000. Finally, Strategic Financial Concepts LLC increased its holdings in Main Street Capital by 65.5% in the 4th quarter. Strategic Financial Concepts LLC now owns 5,966 shares of the financial services provider’s stock valued at $360,000 after buying an additional 2,361 shares during the period. Institutional investors own 20.31% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MAIN. Citizens Jmp lowered 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 report on Wednesday, April 22nd. Wall Street Zen lowered shares of Main Street Capital from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings lowered shares of Main Street Capital from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Wells Fargo & Company began coverage on shares of Main Street Capital in a report on Friday. They issued an “equal weight” rating and a $50.00 price target on the stock. Finally, Citigroup reaffirmed an “outperform” rating on shares of Main Street Capital in a report on Tuesday, January 27th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $59.14.

Main Street Capital Stock Up 3.1%

MAIN opened at $51.18 on Wednesday. The firm’s 50-day simple moving average is $53.60 and its 200-day simple moving average is $57.73. 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 twelve month low of $48.95 and a twelve month high of $67.77. The firm has a market cap of $4.76 billion, a price-to-earnings ratio of 10.77 and a beta of 0.76.

Main Street Capital (NYSE:MAIN) last posted its earnings results on Thursday, May 7th. The financial services provider reported $0.93 earnings per share for the quarter, missing the consensus estimate 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%. Equities research analysts anticipate that Main Street Capital Corporation will post 3.96 EPS for the current fiscal year.

Main Street Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 8th will be given a dividend of $0.265 per share. The ex-dividend date is Tuesday, September 8th. This represents a c) annualized dividend and a yield of 6.2%. Main Street Capital’s dividend payout ratio is 65.68%.

Main Street Capital 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.