Legal & General Group Plc raised its holdings in Main Street Capital Co. (NYSE:MAIN) by 11.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 165,356 shares of the financial services provider’s stock after acquiring an additional 17,530 shares during the period. Legal & General Group Plc owned about 0.28% of Main Street Capital worth $6,569,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Tower Research Capital LLC TRC bought a new stake in shares of Main Street Capital during the second quarter worth about $119,000. US Bancorp DE grew its holdings in shares of Main Street Capital by 15.6% during the second quarter. US Bancorp DE now owns 3,707 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 500 shares during the last quarter. Good Life Advisors LLC bought a new stake in shares of Main Street Capital during the third quarter worth about $203,000. Aperio Group LLC bought a new stake in shares of Main Street Capital during the second quarter worth about $204,000. Finally, Stifel Financial Corp bought a new stake in shares of Main Street Capital during the second quarter worth about $231,000. Hedge funds and other institutional investors own 27.23% of the company’s stock.

Main Street Capital Co. (NYSE:MAIN) opened at $40.70 on Friday. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $2,355.87, a P/E ratio of 17.55 and a beta of 1.02. Main Street Capital Co. has a 12 month low of $35.25 and a 12 month high of $41.79.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.03. The company had revenue of $51.79 million for the quarter, compared to analyst estimates of $50.89 million. Main Street Capital had a return on equity of 10.14% and a net margin of 79.87%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.58 earnings per share. analysts predict that Main Street Capital Co. will post 2.33 EPS for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Friday, January 19th will be paid a $0.19 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.60%. The ex-dividend date of this dividend is Thursday, January 18th. Main Street Capital’s dividend payout ratio is currently 80.28%.

Several research firms have recently weighed in on MAIN. Raymond James Financial upgraded Main Street Capital from an “underperform” rating to a “market perform” rating in a report on Tuesday, November 7th. ValuEngine raised Main Street Capital from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub raised Main Street Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Zacks Investment Research lowered Main Street Capital from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, National Securities reaffirmed a “sell” rating and issued a $33.00 price objective on shares of Main Street Capital in a research note on Monday, November 6th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. Main Street Capital presently has an average rating of “Hold” and an average price target of $39.15.

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Main Street Capital Profile

Main Street Capital Corporation (MSCC) is a principal investment firm. MSCC’s principal investment objective is to maximize its portfolio’s total return by generating current income from the Company’s debt investments and capital appreciation from its equity and equity related investments, including warrants, convertible securities and other rights to acquire equity securities in a portfolio company.

Institutional Ownership by Quarter for Main Street Capital (NYSE:MAIN)

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