Rockefeller Capital Management L.P. Sells 25,928 Shares of Main Street Capital Corporation $MAIN

Rockefeller Capital Management L.P. lessened its position in shares of Main Street Capital Corporation (NYSE:MAIN) by 27.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,704 shares of the financial services provider’s stock after selling 25,928 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.08% of Main Street Capital worth $4,543,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MAIN. Cetera Investment Advisers increased its position in shares of Main Street Capital by 9.5% during the second quarter. Cetera Investment Advisers now owns 52,075 shares of the financial services provider’s stock worth $3,078,000 after purchasing an additional 4,521 shares in the last quarter. SG Americas Securities LLC acquired a new position in Main Street Capital during the 2nd quarter valued at about $639,000. Compass Financial Services Inc purchased a new stake in Main Street Capital in the second quarter valued at about $131,000. Foundations Investment Advisors LLC boosted its holdings in Main Street Capital by 29.8% in the second quarter. Foundations Investment Advisors LLC now owns 37,183 shares of the financial services provider’s stock worth $2,198,000 after acquiring an additional 8,526 shares in the last quarter. Finally, Kaizen Financial Strategies purchased a new stake in shares of Main Street Capital during the second quarter worth about $208,000. 20.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on MAIN shares. Royal Bank Of Canada increased their price objective on shares of Main Street Capital from $52.00 to $67.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. Truist Financial lowered their price objective on shares of Main Street Capital from $64.00 to $60.00 and set a “hold” rating for the company in a research note on Wednesday, October 15th. B. Riley dropped their price objective on shares of Main Street Capital from $64.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. Weiss Ratings restated a “buy (b)” rating on shares of Main Street Capital in a research note on Wednesday, November 5th. Finally, Zacks Research downgraded Main Street Capital from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $59.60.

Main Street Capital Stock Up 0.1%

Main Street Capital stock opened at $55.54 on Friday. The business’s 50-day moving average price is $59.78 and its 200 day moving average price is $60.68. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 9.15 and a beta of 0.84. Main Street Capital Corporation has a 52 week low of $47.00 and a 52 week high of $67.77.

Main Street Capital (NYSE:MAIN) last released its quarterly earnings data on Thursday, November 6th. The financial services provider reported $0.97 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.09). The company had revenue of $151.23 million during the quarter, compared to analysts’ expectations of $140.53 million. Main Street Capital had a return on equity of 12.70% and a net margin of 96.16%. As a group, sell-side analysts anticipate that Main Street Capital Corporation will post 4.11 earnings per share for the current year.

Main Street Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, March 6th will be given a dividend of $0.26 per share. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date is Friday, March 6th. Main Street Capital’s dividend payout ratio (DPR) is currently 50.75%.

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.