Main Street Capital Co. (NYSE:MAIN) is SMH Capital Advisors Inc.’s 6th Largest Position

SMH Capital Advisors Inc. raised its stake in shares of Main Street Capital Co. (NYSE:MAIN) by 11.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,910 shares of the financial services provider’s stock after buying an additional 2,058 shares during the quarter. Main Street Capital comprises about 3.1% of SMH Capital Advisors Inc.’s investment portfolio, making the stock its 6th biggest position. SMH Capital Advisors Inc.’s holdings in Main Street Capital were worth $1,005,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in MAIN. Sanders Morris Harris LLC purchased a new stake in shares of Main Street Capital during the first quarter worth about $9,889,000. First Financial Bankshares Inc bought a new stake in Main Street Capital during the fourth quarter worth approximately $6,122,000. Van ECK Associates Corp raised its holdings in Main Street Capital by 14.0% during the second quarter. Van ECK Associates Corp now owns 1,150,095 shares of the financial services provider’s stock worth $58,069,000 after purchasing an additional 141,312 shares in the last quarter. Confluence Investment Management LLC bought a new position in shares of Main Street Capital in the first quarter valued at $6,110,000. Finally, Adell Harriman & Carpenter Inc. increased its holdings in shares of Main Street Capital by 26.9% in the second quarter. Adell Harriman & Carpenter Inc. now owns 405,210 shares of the financial services provider’s stock valued at $20,459,000 after buying an additional 85,995 shares in the last quarter. Institutional investors and hedge funds own 20.31% of the company’s stock.

Main Street Capital Price Performance

MAIN opened at $50.17 on Thursday. Main Street Capital Co. has a one year low of $37.70 and a one year high of $52.39. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.07 and a quick ratio of 0.07. The company’s 50 day simple moving average is $49.74 and its 200-day simple moving average is $48.92. The stock has a market capitalization of $4.30 billion, a P/E ratio of 9.16 and a beta of 1.30.

Main Street Capital (NYSE:MAIN) last announced its quarterly earnings results on Thursday, August 8th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.01. Main Street Capital had a net margin of 87.58% and a return on equity of 14.41%. The company had revenue of $132.15 million during the quarter, compared to analyst estimates of $132.62 million. During the same quarter in the previous year, the business earned $1.06 EPS. Sell-side analysts anticipate that Main Street Capital Co. will post 4.13 earnings per share for the current fiscal year.

Main Street Capital Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, September 27th. Investors of record on Monday, September 23rd will be paid a $0.30 dividend. The ex-dividend date is Friday, September 20th. This represents a yield of 7.66%. Main Street Capital’s dividend payout ratio (DPR) is currently 53.65%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $52.00 target price on shares of Main Street Capital in a research note on Wednesday, August 14th. Oppenheimer upped their price objective on shares of Main Street Capital from $43.00 to $44.00 and gave the stock a “market perform” rating in a report on Tuesday, August 13th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Main Street Capital has an average rating of “Hold” and a consensus target price of $48.40.

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.