Capital Fund Management S.A. lessened its position in shares of Main Street Capital Co. (NYSE:MAIN) by 13.1% in the second quarter, HoldingsChannel.com reports. The fund owned 37,900 shares of the financial services provider’s stock after selling 5,700 shares during the period. Capital Fund Management S.A.’s holdings in Main Street Capital were worth $1,442,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. CNO Financial Group Inc. boosted its holdings in shares of Main Street Capital by 114.3% during the second quarter. CNO Financial Group Inc. now owns 300,000 shares of the financial services provider’s stock worth $11,418,000 after acquiring an additional 160,000 shares during the period. Royal Bank of Canada boosted its holdings in shares of Main Street Capital by 145.9% during the first quarter. Royal Bank of Canada now owns 59,343 shares of the financial services provider’s stock worth $2,190,000 after acquiring an additional 35,211 shares during the period. Castle Rock Wealth Management LLC boosted its holdings in shares of Main Street Capital by 72.4% during the second quarter. Castle Rock Wealth Management LLC now owns 11,717 shares of the financial services provider’s stock worth $446,000 after acquiring an additional 4,922 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Main Street Capital by 8.7% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 176,047 shares of the financial services provider’s stock worth $6,469,000 after acquiring an additional 14,034 shares during the period. Finally, State of Wisconsin Investment Board boosted its holdings in shares of Main Street Capital by 2.2% during the second quarter. State of Wisconsin Investment Board now owns 149,292 shares of the financial services provider’s stock worth $5,682,000 after acquiring an additional 3,265 shares during the period. Institutional investors own 23.67% of the company’s stock.

Shares of MAIN stock opened at $39.73 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.11. The company has a market capitalization of $2.40 billion, a P/E ratio of 16.61 and a beta of 0.86. Main Street Capital Co. has a 1 year low of $34.37 and a 1 year high of $41.79.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings results on Thursday, August 2nd. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.04. The business had revenue of $59.87 million during the quarter, compared to analysts’ expectations of $57.88 million. Main Street Capital had a return on equity of 11.81% and a net margin of 83.40%. The firm’s revenue for the quarter was up 19.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.58 earnings per share. analysts predict that Main Street Capital Co. will post 2.58 earnings per share for the current year.

The business also recently declared a dividend, which will be paid on Monday, October 15th. Investors of record on Thursday, September 20th will be paid a $0.195 dividend. The ex-dividend date of this dividend is Wednesday, September 19th. Main Street Capital’s dividend payout ratio (DPR) is currently 95.40%.

A number of brokerages have recently issued reports on MAIN. SunTrust Banks restated a “hold” rating and set a $40.00 price objective on shares of Main Street Capital in a report on Friday, August 3rd. National Securities boosted their price target on Main Street Capital from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday, August 8th. Finally, Zacks Investment Research cut Main Street Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $40.25.

Main Street Capital Profile

Main Street Capital Corporation is a business development company specializing in long- term equity and debt investments in small and lower middle market companies. The firm focuses on investments in, subordinated loans, private equity, venture debt, mezzanine investments, mature, mid venture, industry consolidation, later stage, late venture, emerging growth, management buyouts, change of control transactions, ownership transitions, recapitalizations, strategic acquisitions, refinancing, business expansion capital, growth financings, family estate planning, and other growth initiatives primarily for later stage businesses.

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

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