Main Street Capital Corporation $MAIN Shares Acquired by MGO One Seven LLC

MGO One Seven LLC grew its position in Main Street Capital Corporation (NYSE:MAIN) by 7.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,929 shares of the financial services provider’s stock after acquiring an additional 325 shares during the quarter. MGO One Seven LLC’s holdings in Main Street Capital were worth $291,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MAIN. Brighton Jones LLC acquired a new stake in shares of Main Street Capital in the fourth quarter valued at approximately $304,000. GAMMA Investing LLC lifted its holdings in shares of Main Street Capital by 5,557.9% during the first quarter. GAMMA Investing LLC now owns 1,075 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 1,056 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Main Street Capital by 11.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 65,742 shares of the financial services provider’s stock worth $3,718,000 after purchasing an additional 6,787 shares during the period. Uncommon Cents Investing LLC lifted its holdings in shares of Main Street Capital by 1.4% during the first quarter. Uncommon Cents Investing LLC now owns 16,206 shares of the financial services provider’s stock worth $917,000 after purchasing an additional 231 shares during the period. Finally, Spire Wealth Management acquired a new stake in shares of Main Street Capital during the first quarter worth $40,000. 20.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Royal Bank Of Canada increased their price target on Main Street Capital from $52.00 to $67.00 and gave the stock an “outperform” rating in a report on Thursday, August 28th. Zacks Research downgraded Main Street Capital from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. UBS Group reaffirmed a “neutral” rating and set a $58.00 price target (up from $56.00) on shares of Main Street Capital in a report on Wednesday, July 16th. B. Riley increased their price target on Main Street Capital from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Monday, August 18th. Finally, Wall Street Zen raised Main Street Capital from a “sell” rating to a “hold” rating in a report on Sunday, August 3rd. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $60.40.

Insider Buying and Selling at Main Street Capital

In other news, Director Nicholas Meserve sold 14,000 shares of the firm’s 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 completion of the transaction, the director owned 82,383 shares in the company, valued at $5,532,018.45. This trade represents a 14.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 4.09% of the stock is currently owned by corporate insiders.

Main Street Capital Trading Up 1.6%

Shares of MAIN stock opened at $58.15 on Monday. Main Street Capital Corporation has a fifty-two week low of $47.00 and a fifty-two week high of $67.77. The stock has a market cap of $5.20 billion, a P/E ratio of 9.58 and a beta of 0.87. The business has a fifty day simple moving average of $63.97 and a 200-day simple moving average of $59.88. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12.

Main Street Capital (NYSE:MAIN) last announced its quarterly earnings results on Thursday, August 7th. The financial services provider reported $0.99 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.99. Main Street Capital had a return on equity of 12.70% and a net margin of 96.16%.The business had revenue of $143.97 million during the quarter, compared to analysts’ expectations of $137.23 million. On average, analysts forecast that Main Street Capital Corporation will post 4.11 earnings per share for the current fiscal year.

Main Street Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 8th were given a $0.30 dividend. The ex-dividend date was Wednesday, October 8th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.1%. Main Street Capital’s dividend payout ratio (DPR) is currently 50.41%.

About Main Street Capital

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.