18,982 Shares in Main Street Capital Corporation $MAIN Bought by Quantinno Capital Management LP

Quantinno Capital Management LP purchased a new stake in Main Street Capital Corporation (NYSE:MAIN) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 18,982 shares of the financial services provider’s stock, valued at approximately $1,005,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Adell Harriman & Carpenter Inc. grew its holdings in shares of Main Street Capital by 5.3% during the fourth quarter. Adell Harriman & Carpenter Inc. now owns 478,435 shares of the financial services provider’s stock valued at $28,893,000 after buying an additional 23,942 shares during the last quarter. Entropy Technologies LP bought a new stake in shares of Main Street Capital during the first quarter worth about $1,964,000. Brighton Jones LLC acquired a new stake in shares of Main Street Capital in the 4th quarter worth about $304,000. Legal & General Group Plc raised its holdings in shares of Main Street Capital by 15.2% in the 4th 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 last quarter. Finally, LGT Fund Management Co Ltd. bought a new position in Main Street Capital in the 1st quarter valued at about $1,470,000. Institutional investors own 20.31% of the company’s stock.

Main Street Capital Trading Down 0.8%

Shares of MAIN stock opened at $58.74 on Friday. Main Street Capital Corporation has a 52-week low of $48.95 and a 52-week high of $67.48. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.06 and a current ratio of 0.05. The company has a 50-day simple moving average of $53.51 and a two-hundred day simple moving average of $54.91. The company has a market capitalization of $5.49 billion, a price-to-earnings ratio of 11.84 and a beta of 0.71.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings data on Thursday, August 6th. The financial services provider reported $0.97 EPS for the quarter, beating the consensus estimate of $0.96 by $0.01. Main Street Capital had a net margin of 78.49% and a return on equity of 11.80%. The firm had revenue of $327.56 million during the quarter, compared to analyst estimates of $144.59 million. Research analysts anticipate that Main Street Capital Corporation will post 3.78 EPS for the current fiscal year.

Main Street Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 8th will be given a dividend of $0.265 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend is Tuesday, December 8th. Main Street Capital’s dividend payout ratio (DPR) is presently 64.11%.

Analyst Ratings Changes

A number of brokerages have commented on MAIN. Royal Bank Of Canada decreased their price objective on Main Street Capital from $66.00 to $58.00 and set an “outperform” rating for the company in a report on Thursday, May 14th. Zacks Research upgraded Main Street Capital from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Weiss Ratings cut Main Street Capital from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. Wall Street Zen downgraded Main Street Capital from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Finally, Citigroup reissued a “market outperform” rating on shares of Main Street Capital in a research report on Monday, August 10th. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $60.83.

Insiders Place Their Bets

In other Main Street Capital news, EVP Jason B. Beauvais sold 6,830 shares of the company’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $51.73, for a total value of $353,315.90. Following the completion of the transaction, the executive vice president owned 196,185 shares in the company, valued at $10,148,650.05. This represents a 3.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Ryan Mchugh acquired 2,550 shares of Main Street Capital stock in a transaction on Thursday, August 13th. The stock was acquired at an average price of $59.05 per share, with a total value of $150,577.50. Following the purchase, the chief accounting officer directly owned 22,647 shares in the company, valued at approximately $1,337,305.35. This trade represents a 12.69% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 3.83% of the company’s stock.

Main Street Capital Company 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.