Vise Technologies Inc. Acquires Shares of 7,548 Main Street Capital Corporation $MAIN

Vise Technologies Inc. acquired a new position in shares of Main Street Capital Corporation (NYSE:MAIN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,548 shares of the financial services provider’s stock, valued at approximately $446,000.

Several other institutional investors and hedge funds also recently made changes to their positions in MAIN. Mackenzie Financial Corp bought a new stake in Main Street Capital in the 1st quarter worth about $578,000. Nabity Jensen Investment Management Inc purchased a new position in shares of Main Street Capital in the 2nd quarter worth approximately $237,000. Victory Capital Management Inc. purchased a new position in shares of Main Street Capital in the 1st quarter worth approximately $6,205,000. Invesco Ltd. grew its holdings in shares of Main Street Capital by 282.5% in the first quarter. Invesco Ltd. now owns 532,267 shares of the financial services provider’s stock valued at $30,105,000 after acquiring an additional 393,101 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC increased its position in shares of Main Street Capital by 8.4% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 139,452 shares of the financial services provider’s stock valued at $8,242,000 after acquiring an additional 10,853 shares during the last quarter. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MAIN shares. Truist Financial cut their price objective 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. Weiss Ratings restated a “buy (b)” rating on shares of Main Street Capital in a research report on Wednesday, November 5th. Zacks Research downgraded shares of Main Street Capital from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Royal Bank Of Canada boosted their target price on shares of Main Street Capital from $52.00 to $67.00 and gave the company an “outperform” rating in a research note on Thursday, August 28th. Finally, B. Riley reduced their target price on shares of Main Street Capital from $64.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $59.60.

Main Street Capital Price Performance

Shares of NYSE:MAIN opened at $58.38 on Friday. The firm has a market capitalization of $5.23 billion, a PE ratio of 9.62 and a beta of 0.84. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average price of $60.80 and a two-hundred day moving average price of $60.63. Main Street Capital Corporation has a twelve month low of $47.00 and a twelve month high of $67.77.

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). The business had revenue of $151.23 million during the quarter, compared to the consensus estimate of $140.53 million. Main Street Capital had a net margin of 96.16% and a return on equity of 12.70%. Equities analysts forecast that Main Street Capital Corporation will post 4.11 EPS for the current year.

Main Street Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, March 6th will be paid a $0.26 dividend. The ex-dividend date is Friday, March 6th. This represents a c) annualized dividend and a yield of 5.3%. Main Street Capital’s dividend payout ratio (DPR) is currently 50.75%.

Main Street Capital Company Profile

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.