Taylor Frigon Capital Management LLC lessened its stake in Main Street Capital Co. (NYSE:MAIN) by 1.5% during the 4th quarter, HoldingsChannel reports. The firm owned 22,835 shares of the financial services provider’s stock after selling 351 shares during the quarter. Taylor Frigon Capital Management LLC’s holdings in Main Street Capital were worth $984,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in MAIN. Sound Income Strategies LLC lifted its position in shares of Main Street Capital by 10.7% during the 3rd quarter. Sound Income Strategies LLC now owns 643,410 shares of the financial services provider’s stock valued at $27,802,000 after buying an additional 62,116 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of Main Street Capital by 37.7% during the 3rd quarter. California Public Employees Retirement System now owns 141,761 shares of the financial services provider’s stock valued at $6,125,000 after buying an additional 38,783 shares in the last quarter. Mckinley Capital Management LLC Delaware lifted its position in shares of Main Street Capital by 23.1% during the 4th quarter. Mckinley Capital Management LLC Delaware now owns 168,825 shares of the financial services provider’s stock valued at $7,278,000 after buying an additional 31,729 shares in the last quarter. Sigma Planning Corp lifted its position in shares of Main Street Capital by 98.7% during the 3rd quarter. Sigma Planning Corp now owns 39,410 shares of the financial services provider’s stock valued at $1,703,000 after buying an additional 19,576 shares in the last quarter. Finally, DNB Asset Management AS lifted its position in shares of Main Street Capital by 35.6% during the 3rd quarter. DNB Asset Management AS now owns 72,038 shares of the financial services provider’s stock valued at $3,113,000 after buying an additional 18,926 shares in the last quarter. Institutional investors and hedge funds own 22.93% of the company’s stock.

Shares of NYSE:MAIN traded down $0.69 during midday trading on Friday, reaching $43.85. 16,365 shares of the company’s stock traded hands, compared to its average volume of 214,964. Main Street Capital Co. has a 1 year low of $36.35 and a 1 year high of $45.00. The company has a market cap of $2.83 billion, a P/E ratio of 22.15 and a beta of 0.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.13 and a current ratio of 0.13. The company has a fifty day simple moving average of $43.60 and a two-hundred day simple moving average of $42.91.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings data on Thursday, November 7th. The financial services provider reported $0.62 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.01). Main Street Capital had a net margin of 50.85% and a return on equity of 10.59%. The firm had revenue of $60.07 million during the quarter, compared to analyst estimates of $61.26 million. During the same period in the prior year, the company posted $0.63 earnings per share. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, research analysts forecast that Main Street Capital Co. will post 2.49 EPS for the current fiscal year.

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 14th. Investors of record on Wednesday, January 22nd will be paid a $0.205 dividend. This represents a $2.46 annualized dividend and a yield of 5.61%. The ex-dividend date is Tuesday, January 21st. Main Street Capital’s dividend payout ratio is currently 94.62%.

A number of research analysts have recently issued reports on the company. Royal Bank of Canada assumed coverage on Main Street Capital in a research report on Tuesday, November 12th. They set an “outperform” rating and a $44.00 target price on the stock. Raymond James lowered Main Street Capital from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 22nd. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded Main Street Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Main Street Capital currently has a consensus rating of “Hold” and an average target price of $43.50.

Main Street Capital Company 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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