Sequent Asset Management LLC Purchases 1,611 Shares of Main Street Capital Co. (MAIN)

Sequent Asset Management LLC boosted its position in shares of Main Street Capital Co. (NYSE:MAIN) by 5.8% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 29,350 shares of the financial services provider’s stock after buying an additional 1,611 shares during the period. Main Street Capital makes up approximately 0.6% of Sequent Asset Management LLC’s portfolio, making the stock its 29th largest position. Sequent Asset Management LLC owned approximately 0.05% of Main Street Capital worth $1,123,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Van ECK Associates Corp boosted its position in shares of Main Street Capital by 22.4% in the fourth quarter. Van ECK Associates Corp now owns 233,197 shares of the financial services provider’s stock worth $8,575,000 after buying an additional 42,750 shares in the last quarter. Friedberg Investment Management boosted its position in shares of Main Street Capital by 0.4% in the fourth quarter. Friedberg Investment Management now owns 163,862 shares of the financial services provider’s stock worth $6,025,000 after buying an additional 699 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Main Street Capital by 86.8% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 137,085 shares of the financial services provider’s stock worth $5,246,000 after buying an additional 63,712 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Main Street Capital by 19.2% in the first quarter. Wells Fargo & Company MN now owns 105,124 shares of the financial services provider’s stock worth $4,023,000 after buying an additional 16,897 shares in the last quarter. Finally, Gierl Augustine Investment Management Inc boosted its position in shares of Main Street Capital by 6.7% in the first quarter. Gierl Augustine Investment Management Inc now owns 97,090 shares of the financial services provider’s stock worth $3,716,000 after buying an additional 6,130 shares in the last quarter. 25.83% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Main Street Capital (NYSE:MAIN)

Main Street Capital Co. (NYSE:MAIN) traded up 0.24% during mid-day trading on Friday, hitting $38.17. The company had a trading volume of 289,654 shares. Main Street Capital Co. has a 52 week low of $31.42 and a 52 week high of $40.86. The firm’s 50 day moving average is $39.00 and its 200 day moving average is $37.17. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 13.22 and a beta of 1.10.

Main Street Capital (NYSE:MAIN) last released its earnings results on Thursday, May 4th. The financial services provider reported $0.56 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.56. The company had revenue of $47.90 million for the quarter, compared to the consensus estimate of $47.24 million. Main Street Capital had a return on equity of 10.38% and a net margin of 56.26%. Main Street Capital’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 earnings per share. On average, equities research analysts predict that Main Street Capital Co. will post $2.24 EPS for the current year.

The business also recently announced a monthly dividend, which will be paid on Friday, September 15th. Investors of record on Monday, August 21st will be given a dividend of $0.185 per share. The ex-dividend date is Thursday, August 17th. This represents a $2.22 annualized dividend and a yield of 5.83%. Main Street Capital’s dividend payout ratio (DPR) is presently 116.84%.

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A number of research analysts have recently commented on MAIN shares. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Main Street Capital in a research report on Monday, February 27th. They noted that the move was a valuation call. Vetr cut Main Street Capital from a “buy” rating to a “hold” rating and set a $40.90 price target on the stock. in a research report on Monday, April 24th. National Securities reaffirmed a “sell” rating and set a $33.00 price target on shares of Main Street Capital in a research report on Wednesday, May 10th. Zacks Investment Research cut Main Street Capital from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Finally, FBR & Co reaffirmed a “hold” rating and set a $38.00 price target on shares of Main Street Capital in a research report on Monday, May 8th. Four analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $38.13.

About Main Street Capital

Main Street Capital Corporation (MSCC) is a principal investment firm. MSCC’s principal investment objective is to maximize its portfolio’s total return by generating current income from the Company’s debt investments and capital appreciation from its equity and equity related investments, including warrants, convertible securities and other rights to acquire equity securities in a portfolio company.

12 Month Chart for NYSE:MAIN

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