Squarepoint Ops LLC Buys New Position in Main Street Capital Co. (NYSE:MAIN)

Squarepoint Ops LLC purchased a new stake in shares of Main Street Capital Co. (NYSE:MAIN) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 6,918 shares of the financial services provider’s stock, valued at approximately $349,000.

Several other institutional investors have also bought and sold shares of MAIN. ProShare Advisors LLC increased its position in shares of Main Street Capital by 8.2% during the 2nd quarter. ProShare Advisors LLC now owns 12,884 shares of the financial services provider’s stock valued at $651,000 after purchasing an additional 971 shares during the last quarter. AE Wealth Management LLC bought a new stake in shares of Main Street Capital in the 2nd quarter worth approximately $245,000. Benjamin F. Edwards & Company Inc. lifted its stake in Main Street Capital by 1.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 121,977 shares of the financial services provider’s stock valued at $6,159,000 after purchasing an additional 1,614 shares during the last quarter. SMH Capital Advisors Inc. grew its holdings in Main Street Capital by 11.5% during the second quarter. SMH Capital Advisors Inc. now owns 19,910 shares of the financial services provider’s stock valued at $1,005,000 after purchasing an additional 2,058 shares during the period. Finally, Burgundy Asset Management Ltd. increased its position in Main Street Capital by 1.6% in the second quarter. Burgundy Asset Management Ltd. now owns 1,106,782 shares of the financial services provider’s stock worth $55,881,000 after buying an additional 17,623 shares during the last quarter. Institutional investors own 20.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MAIN shares. Oppenheimer boosted their price objective on shares of Main Street Capital from $43.00 to $44.00 and gave the company a “market perform” rating in a research note 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. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $48.40.

Main Street Capital Price Performance

Shares of Main Street Capital stock opened at $50.92 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.07 and a quick ratio of 0.07. Main Street Capital Co. has a one year low of $37.70 and a one year high of $52.39. The stock has a market capitalization of $4.36 billion, a P/E ratio of 9.29 and a beta of 1.30. The business’s 50 day simple moving average is $49.54 and its two-hundred day simple moving average is $49.39.

Main Street Capital (NYSE:MAIN) last announced its earnings results on Thursday, August 8th. The financial services provider reported $1.01 EPS for the quarter, meeting analysts’ consensus estimates 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 in the prior year, the company earned $1.06 earnings per share. Analysts forecast that Main Street Capital Co. will post 4.13 EPS for the current year.

Main Street Capital Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a dividend of $0.30 per share. This represents a yield of 7.66%. The ex-dividend date was Friday, September 20th. Main Street Capital’s dividend payout ratio (DPR) is presently 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.