Main Street Capital Corporation $MAIN Stock Holdings Lifted by Delta Investment Management LLC

Delta Investment Management LLC lifted its position in Main Street Capital Corporation (NYSE:MAIN) by 42.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,425 shares of the financial services provider’s stock after acquiring an additional 11,145 shares during the period. Delta Investment Management LLC’s holdings in Main Street Capital were worth $2,117,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in MAIN. Burgundy Asset Management Ltd. boosted its holdings in shares of Main Street Capital by 1.5% during the fourth quarter. Burgundy Asset Management Ltd. now owns 1,153,600 shares of the financial services provider’s stock worth $67,578,000 after purchasing an additional 17,196 shares during the period. Invesco Ltd. boosted its holdings in shares of Main Street Capital by 282.5% during the first quarter. Invesco Ltd. now owns 532,267 shares of the financial services provider’s stock worth $30,105,000 after purchasing an additional 393,101 shares during the period. Adell Harriman & Carpenter Inc. boosted its holdings in shares of Main Street Capital by 5.2% during the first quarter. Adell Harriman & Carpenter Inc. now owns 447,642 shares of the financial services provider’s stock worth $25,319,000 after purchasing an additional 22,090 shares during the period. LPL Financial LLC boosted its holdings in shares of Main Street Capital by 2.7% during the first quarter. LPL Financial LLC now owns 307,368 shares of the financial services provider’s stock worth $17,385,000 after purchasing an additional 8,203 shares during the period. Finally, Muzinich & Co. Inc. raised its position in Main Street Capital by 10.8% during the first quarter. Muzinich & Co. Inc. now owns 247,107 shares of the financial services provider’s stock valued at $13,976,000 after acquiring an additional 24,130 shares in the last quarter. 20.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MAIN has been the topic of several recent research reports. Wall Street Zen raised shares of Main Street Capital from a “sell” rating to a “hold” rating in a research report on Sunday, August 3rd. Zacks Research raised shares of Main Street Capital from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 20th. B. Riley raised their price objective on shares of Main Street Capital from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Monday, August 18th. Truist Financial raised their price objective on shares of Main Street Capital from $54.00 to $64.00 and gave the company a “hold” rating in a research report on Monday, August 11th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Main Street Capital in a research report on Tuesday, May 13th. One analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $59.75.

Main Street Capital Stock Performance

Shares of NYSE MAIN opened at $64.56 on Wednesday. The business has a fifty day simple moving average of $63.13 and a 200 day simple moving average of $58.67. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $5.77 billion, a price-to-earnings ratio of 10.64 and a beta of 0.85. Main Street Capital Corporation has a one year low of $47.00 and a one year high of $67.77.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings data on Thursday, August 7th. The financial services provider reported $0.99 EPS for the quarter, hitting analysts’ consensus estimates of $0.99. The company had revenue of $143.97 million for the quarter, compared to analyst estimates of $137.23 million. Main Street Capital had a return on equity of 12.70% and a net margin of 96.16%. Sell-side analysts expect that Main Street Capital Corporation will post 4.11 EPS for the current year.

Main Street Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 8th will be paid a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, December 8th. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. Main Street Capital’s payout ratio is 50.41%.

Insiders Place Their Bets

In related news, EVP Jason B. Beauvais sold 13,664 shares of Main Street Capital stock in a transaction on Friday, June 27th. The stock was sold at an average price of $59.37, for a total transaction of $811,231.68. Following the completion of the sale, the executive vice president directly owned 181,526 shares of the company’s stock, valued at $10,777,198.62. The trade was a 7.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Nicholas Meserve sold 14,000 shares of Main Street Capital stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $67.15, for a total value of $940,100.00. Following the sale, the director directly owned 82,383 shares of the company’s stock, valued at approximately $5,532,018.45. This trade represents a 14.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.09% of the stock is owned by insiders.

Main Street Capital Company Profile

Main Street Capital Corporation is a business development company specializes in equity capital to lower middle market companies. The firm specializing in recapitalizations, management buyouts, refinancing, family estate planning, management buyouts, refinancing, industry consolidation, mature, later stage emerging growth.