Texas Yale Capital Corp. increased its position in Main Street Capital Corporation (NYSE:MAIN) by 9.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 70,423 shares of the financial services provider’s stock after purchasing an additional 6,000 shares during the quarter. Texas Yale Capital Corp. owned approximately 0.12% of Main Street Capital Corporation worth $2,799,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Tower Research Capital LLC TRC bought a new stake in shares of Main Street Capital Corporation in the 2nd quarter valued at about $119,000. US Bancorp DE raised its holdings in shares of Main Street Capital Corporation by 15.6% in the 2nd quarter. US Bancorp DE now owns 3,707 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 500 shares during the period. Good Life Advisors LLC bought a new stake in shares of Main Street Capital Corporation in the 3rd quarter valued at about $203,000. Aperio Group LLC bought a new stake in shares of Main Street Capital Corporation in the 2nd quarter valued at about $204,000. Finally, Stifel Financial Corp bought a new stake in shares of Main Street Capital Corporation in the 2nd quarter valued at about $231,000. 27.15% of the stock is currently owned by institutional investors.

Shares of Main Street Capital Corporation (NYSE MAIN) traded down $0.24 on Wednesday, reaching $40.29. 92,073 shares of the company were exchanged, compared to its average volume of 236,605. Main Street Capital Corporation has a twelve month low of $35.25 and a twelve month high of $41.79. The firm has a market cap of $2,300.00, a price-to-earnings ratio of 17.59 and a beta of 1.05. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.10 and a current ratio of 0.10.

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

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Friday, January 19th will be given a dividend of $0.19 per share. The ex-dividend date is Thursday, January 18th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.66%. Main Street Capital Corporation’s payout ratio is presently 80.57%.

A number of research analysts recently commented on MAIN shares. Zacks Investment Research upgraded shares of Main Street Capital Corporation from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Thursday, August 10th. BidaskClub upgraded shares of Main Street Capital Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Raymond James Financial, Inc. upgraded shares of Main Street Capital Corporation from an “underperform” rating to a “market perform” rating in a research note on Tuesday, November 7th. National Securities reiterated a “sell” rating and issued a $33.00 price target on shares of Main Street Capital Corporation in a research note on Tuesday, August 8th. Finally, ValuEngine upgraded shares of Main Street Capital Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $39.15.

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Main Street Capital Corporation Company 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 Corporation (NYSE:MAIN)

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