Clear Trail Advisors LLC Acquires New Stake in Main Street Capital Corporation $MAIN

Clear Trail Advisors LLC bought a new position in Main Street Capital Corporation (NYSE:MAIN) during the 1st quarter, Holdings Channel.com reports. The fund bought 21,624 shares of the financial services provider’s stock, valued at approximately $1,145,000.

A number of other large investors have also made changes to their positions in MAIN. Freedom Financial Partners LLC increased its position in shares of Main Street Capital by 3.3% during the 4th quarter. Freedom Financial Partners LLC now owns 5,356 shares of the financial services provider’s stock valued at $323,000 after purchasing an additional 170 shares during the last quarter. Prospera Financial Services Inc lifted its stake in shares of Main Street Capital by 0.4% in the 4th quarter. Prospera Financial Services Inc now owns 48,229 shares of the financial services provider’s stock worth $2,915,000 after purchasing an additional 194 shares during the period. SMH Capital Advisors Inc. boosted its holdings in shares of Main Street Capital by 1.1% in the fourth quarter. SMH Capital Advisors Inc. now owns 18,884 shares of the financial services provider’s stock worth $1,140,000 after buying an additional 206 shares during the last quarter. Lido Advisors LLC boosted its holdings in shares of Main Street Capital by 1.7% in the fourth quarter. Lido Advisors LLC now owns 12,520 shares of the financial services provider’s stock worth $794,000 after buying an additional 209 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its position in Main Street Capital by 5.4% during the fourth quarter. State of Alaska Department of Revenue now owns 4,127 shares of the financial services provider’s stock valued at $249,000 after buying an additional 212 shares during the period. 20.31% of the stock is currently owned by institutional investors.

Main Street Capital Trading Down 1.0%

Shares of Main Street Capital stock opened at $50.45 on Tuesday. Main Street Capital Corporation has a fifty-two week low of $48.95 and a fifty-two week high of $67.77. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.06 and a current ratio of 0.06. The company has a market capitalization of $4.69 billion, a P/E ratio of 10.62 and a beta of 0.72. The company has a fifty day moving average of $52.64 and a 200 day moving average of $56.89.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.93 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.11). Main Street Capital had a net margin of 74.86% and a return on equity of 12.01%. The business had revenue of $73.44 million for the quarter, compared to the consensus estimate of $145.23 million. On average, sell-side analysts anticipate that Main Street Capital Corporation will post 3.78 earnings per share for the current fiscal year.

Main Street Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 8th will be paid a dividend of $0.265 per share. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Tuesday, September 8th. Main Street Capital’s dividend payout ratio (DPR) is 65.68%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MAIN. Wall Street Zen cut shares of Main Street Capital from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Citizens Jmp dropped their price target on shares of Main Street Capital from $74.00 to $70.00 and set a “market outperform” rating on the stock in a research note on Wednesday, April 22nd. Wells Fargo & Company assumed coverage on shares of Main Street Capital in a research report on Friday, May 22nd. They set an “equal weight” rating and a $50.00 price objective for the company. Zacks Research lowered Main Street Capital from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 28th. Finally, Royal Bank Of Canada decreased their target price on Main Street Capital from $66.00 to $58.00 and set an “outperform” rating on the stock in a report on Thursday, May 14th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Main Street Capital presently has a consensus rating of “Hold” and an average price target of $59.14.

Main Street Capital 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.