Vanguard Personalized Indexing Management LLC Takes Position in Main Street Capital Co. (NYSE:MAIN)

Vanguard Personalized Indexing Management LLC purchased a new stake in Main Street Capital Co. (NYSE:MAIN) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 6,184 shares of the financial services provider’s stock, valued at approximately $312,000.

Other hedge funds have also modified their holdings of the company. LifeSteps Financial Inc. acquired a new stake in shares of Main Street Capital in the 1st quarter valued at approximately $35,000. Triad Wealth Partners LLC acquired a new position in Main Street Capital during the second quarter worth $38,000. Optimum Investment Advisors raised its holdings in Main Street Capital by 100.0% during the second quarter. Optimum Investment Advisors now owns 1,000 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 500 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in Main Street Capital by 73.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,139 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 483 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in Main Street Capital during the second quarter worth $79,000. 20.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on MAIN. Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 price objective on shares of Main Street Capital in a report on Wednesday, August 14th. Oppenheimer lifted their price objective on 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 investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Main Street Capital has an average rating of “Hold” and a consensus target price of $48.40.

Main Street Capital Stock Performance

Main Street Capital stock opened at $50.23 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a fifty day moving average of $49.61 and a two-hundred day moving average of $49.10. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 9.17 and a beta of 1.30. Main Street Capital Co. has a fifty-two week low of $37.70 and a fifty-two week high of $52.39.

Main Street Capital (NYSE:MAIN) last released its quarterly earnings results on Thursday, August 8th. The financial services provider reported $1.01 earnings per share for the quarter, hitting the consensus estimate of $1.01. The company had revenue of $132.15 million during the quarter, compared to the consensus estimate of $132.62 million. Main Street Capital had a return on equity of 14.06% and a net margin of 87.58%. During the same quarter last year, the business posted $1.06 earnings per share. On average, analysts anticipate that Main Street Capital Co. will post 4.13 EPS for the current fiscal year.

Main Street Capital Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a $0.30 dividend. This represents a dividend yield of 7.66%. The ex-dividend date of this dividend was Friday, September 20th. Main Street Capital’s dividend payout ratio is currently 53.65%.

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.