Accurate Wealth Management LLC Takes Position in Main Street Capital Co. (NYSE:MAIN)

Accurate Wealth Management LLC purchased a new stake in shares of Main Street Capital Co. (NYSE:MAIN) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 17,795 shares of the financial services provider’s stock, valued at approximately $908,000.

Several other institutional investors have also recently made changes to their positions in the company. Triad Wealth Partners LLC purchased a new stake in shares of Main Street Capital during the second quarter worth about $38,000. Optimum Investment Advisors lifted its holdings in shares of Main Street Capital by 100.0% during the second quarter. Optimum Investment Advisors now owns 1,000 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 500 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Main Street Capital by 59.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,089 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 405 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Main Street Capital during the second quarter worth about $79,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Main Street Capital during the second quarter worth about $80,000. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on MAIN shares. Oppenheimer lifted their target price on Main Street Capital from $43.00 to $44.00 and gave the stock a “market perform” rating in a report on Tuesday, August 13th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 target price on shares of Main Street Capital in a report on Wednesday, August 14th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $48.40.

Main Street Capital Trading Up 0.7 %

Shares of NYSE:MAIN opened at $52.34 on Friday. Main Street Capital Co. has a 12-month low of $37.70 and a 12-month high of $52.39. The company has a market capitalization of $4.49 billion, a PE ratio of 9.55 and a beta of 1.30. The business has a 50 day moving average of $49.90 and a two-hundred day moving average of $49.59. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.11.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings data on Thursday, August 8th. The financial services provider reported $1.01 EPS for the quarter, meeting analysts’ consensus estimates of $1.01. The business had revenue of $132.15 million during the quarter, compared to analysts’ expectations of $132.62 million. Main Street Capital had a return on equity of 14.06% and a net margin of 87.58%. During the same period in the previous year, the business earned $1.06 earnings per share. As a group, analysts forecast that Main Street Capital Co. will post 4.12 EPS for the current year.

Main Street Capital Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a $0.30 dividend. This represents a dividend yield of 7.66%. The ex-dividend date of this dividend was Friday, September 20th. Main Street Capital’s dividend payout ratio (DPR) is presently 53.65%.

Main Street Capital 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.