Centaurus Financial Inc. Decreases Stock Holdings in Main Street Capital Co. (NYSE:MAIN)

Centaurus Financial Inc. lessened its holdings in Main Street Capital Co. (NYSE:MAIN) by 3.7% during the second quarter, HoldingsChannel.com reports. The fund owned 13,857 shares of the financial services provider’s stock after selling 529 shares during the quarter. Centaurus Financial Inc.’s holdings in Main Street Capital were worth $700,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in MAIN. Callahan Advisors LLC raised its position in Main Street Capital by 1.3% in the second quarter. Callahan Advisors LLC now owns 15,429 shares of the financial services provider’s stock valued at $779,000 after purchasing an additional 200 shares during the period. PFG Investments LLC raised its holdings in shares of Main Street Capital by 1.8% during the 2nd quarter. PFG Investments LLC now owns 12,557 shares of the financial services provider’s stock valued at $634,000 after buying an additional 227 shares during the period. Taylor Frigon Capital Management LLC lifted its position in Main Street Capital by 0.6% during the 1st quarter. Taylor Frigon Capital Management LLC now owns 40,320 shares of the financial services provider’s stock worth $1,908,000 after acquiring an additional 232 shares in the last quarter. Hexagon Capital Partners LLC boosted its holdings in Main Street Capital by 8.4% in the 1st quarter. Hexagon Capital Partners LLC now owns 3,851 shares of the financial services provider’s stock worth $182,000 after acquiring an additional 298 shares during the period. Finally, Harbour Investments Inc. grew its position in Main Street Capital by 13.5% in the second quarter. Harbour Investments Inc. now owns 2,868 shares of the financial services provider’s stock valued at $145,000 after acquiring an additional 342 shares in the last quarter. Institutional investors and hedge funds own 20.31% of the company’s stock.

Main Street Capital Stock Up 0.8 %

MAIN stock opened at $51.02 on Friday. The company has a market capitalization of $4.37 billion, a P/E ratio of 9.31 and a beta of 1.30. The firm has a 50 day simple moving average of $49.57 and a 200-day simple moving average of $49.26. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.11. Main Street Capital Co. has a twelve month low of $37.70 and a twelve month high of $52.39.

Main Street Capital (NYSE:MAIN) last released its 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. Main Street Capital had a net margin of 87.58% and a return on equity of 14.06%. The company had revenue of $132.15 million during the quarter, compared to the consensus estimate of $132.62 million. During the same quarter in the previous year, the firm earned $1.06 EPS. On average, equities research analysts predict that Main Street Capital Co. will post 4.13 earnings per share for the current fiscal year.

Main Street Capital Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a dividend of $0.30 per share. This represents a yield of 7.66%. The ex-dividend date of this dividend was Friday, September 20th. Main Street Capital’s dividend payout ratio is presently 53.65%.

Wall Street Analysts Forecast Growth

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