Main Street Capital Corporation $MAIN Stock Position Lifted by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA grew its position in Main Street Capital Corporation (NYSE:MAIN) by 5.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,319 shares of the financial services provider’s stock after acquiring an additional 789 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Main Street Capital were worth $964,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its stake in Main Street Capital by 4.0% during the second quarter. Janney Montgomery Scott LLC now owns 18,417 shares of the financial services provider’s stock valued at $1,088,000 after purchasing an additional 716 shares during the last quarter. Taylor Frigon Capital Management LLC grew its position in shares of Main Street Capital by 12.8% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 50,960 shares of the financial services provider’s stock valued at $3,012,000 after buying an additional 5,772 shares during the last quarter. Albion Financial Group UT grew its position in shares of Main Street Capital by 0.4% during the 2nd quarter. Albion Financial Group UT now owns 95,112 shares of the financial services provider’s stock valued at $5,621,000 after buying an additional 345 shares during the last quarter. Sound Income Strategies LLC raised its stake in Main Street Capital by 3.2% during the second quarter. Sound Income Strategies LLC now owns 345,827 shares of the financial services provider’s stock worth $20,438,000 after acquiring an additional 10,819 shares during the period. Finally, Uncommon Cents Investing LLC lifted its holdings in Main Street Capital by 1.4% in the second quarter. Uncommon Cents Investing LLC now owns 16,437 shares of the financial services provider’s stock worth $971,000 after acquiring an additional 231 shares during the last quarter. 20.31% of the stock is currently owned by institutional investors.

Main Street Capital Trading Up 0.4%

Shares of MAIN stock opened at $63.58 on Wednesday. Main Street Capital Corporation has a 1 year low of $47.00 and a 1 year high of $67.77. The firm has a market capitalization of $5.69 billion, a PE ratio of 10.47 and a beta of 0.88. The stock has a fifty day moving average of $65.28 and a two-hundred day moving average of $59.68. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings data on Thursday, August 7th. The financial services provider reported $0.99 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.99. The business had revenue of $143.97 million for the quarter, compared to analysts’ expectations of $137.23 million. Main Street Capital had a net margin of 96.16% and a return on equity of 12.70%. As a group, research analysts expect that Main Street Capital Corporation will post 4.11 EPS for the current year.

Main Street Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 8th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, October 8th. Main Street Capital’s dividend payout ratio is currently 50.41%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. B. Riley upped their target price on Main Street Capital from $60.00 to $64.00 and gave the company a “neutral” rating in a report on Monday, August 18th. Zacks Research upgraded Main Street Capital from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 20th. Truist Financial increased their target price on Main Street Capital from $54.00 to $64.00 and gave the stock a “hold” rating in a research report on Monday, August 11th. UBS Group reiterated a “neutral” rating and issued a $58.00 target price (up from $56.00) on shares of Main Street Capital in a research note on Wednesday, July 16th. Finally, Royal Bank Of Canada upped their price target on shares of Main Street Capital from $52.00 to $67.00 and gave the stock an “outperform” rating in a research report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.20.

Insider Buying and Selling at Main Street Capital

In other news, Director Nicholas Meserve sold 14,000 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $67.15, for a total value of $940,100.00. Following the completion of the transaction, the director directly owned 82,383 shares in the company, valued at $5,532,018.45. This trade represents a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 4.09% of the company’s stock.

About Main Street Capital

Main Street Capital Corporation is a business development company specializes in equity capital to lower middle market companies. The firm specializing in recapitalizations, management buyouts, refinancing, family estate planning, management buyouts, refinancing, industry consolidation, mature, later stage emerging growth.