Main Street Capital Corporation $MAIN Stock Holdings Boosted by Muzinich & Co. Inc.

Muzinich & Co. Inc. raised its position in Main Street Capital Corporation (NYSE:MAIN) by 15.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 367,140 shares of the financial services provider’s stock after buying an additional 50,332 shares during the quarter. Main Street Capital comprises about 9.0% of Muzinich & Co. Inc.’s holdings, making the stock its 4th largest position. Muzinich & Co. Inc. owned approximately 0.41% of Main Street Capital worth $23,346,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its holdings in shares of Main Street Capital by 109.6% in the 2nd quarter. Smartleaf Asset Management LLC now owns 478 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 250 shares during the period. Quarry LP acquired a new stake in shares of Main Street Capital during the first quarter valued at about $48,000. First Horizon Advisors Inc. purchased a new stake in shares of Main Street Capital during the second quarter worth about $50,000. Financial Management Professionals Inc. lifted its stake in shares of Main Street Capital by 45.0% in the second quarter. Financial Management Professionals Inc. now owns 1,196 shares of the financial services provider’s stock worth $71,000 after acquiring an additional 371 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in Main Street Capital by 5,416.7% during the 1st quarter. NewEdge Advisors LLC now owns 1,655 shares of the financial services provider’s stock valued at $94,000 after purchasing an additional 1,625 shares in the last quarter. Institutional investors and hedge funds own 20.31% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on MAIN shares. Truist Financial cut their target price on Main Street Capital from $64.00 to $60.00 and set a “hold” rating on the stock in a research report on Wednesday, October 15th. Citizens Jmp started coverage on Main Street Capital in a report on Monday, December 8th. They set a “market outperform” rating and a $70.00 target price for the company. Wall Street Zen downgraded shares of Main Street Capital from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Citigroup assumed coverage on shares of Main Street Capital in a research note on Monday, December 8th. They set an “outperform” rating for the company. Finally, Royal Bank Of Canada decreased their price objective on Main Street Capital from $67.00 to $66.00 and set an “outperform” rating for the company in a report on Tuesday, December 9th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $62.43.

Main Street Capital Stock Performance

MAIN opened at $59.81 on Tuesday. The stock’s 50 day simple moving average is $58.77 and its 200-day simple moving average is $61.52. The stock has a market cap of $5.36 billion, a PE ratio of 9.92 and a beta of 0.80. Main Street Capital Corporation has a 1 year low of $47.00 and a 1 year high of $67.77. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.12.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings results on Thursday, November 6th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.09). Main Street Capital had a return on equity of 12.39% and a net margin of 95.59%.The business had revenue of $151.23 million during the quarter, compared to analyst estimates of $140.53 million. Sell-side analysts forecast that Main Street Capital Corporation will post 4.11 EPS for the current year.

Main Street Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, March 6th will be given a $0.26 dividend. The ex-dividend date is Friday, March 6th. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. Main Street Capital’s dividend payout ratio is currently 50.75%.

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.