4,350 Shares in Main Street Capital Co. (NYSE:MAIN) Acquired by Transform Wealth LLC

Transform Wealth LLC bought a new stake in shares of Main Street Capital Co. (NYSE:MAIN) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,350 shares of the financial services provider’s stock, valued at approximately $218,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sanders Morris Harris LLC bought a new position in shares of Main Street Capital in the 1st quarter worth approximately $9,889,000. Van ECK Associates Corp boosted its stake in shares of Main Street Capital by 14.0% during the 2nd quarter. Van ECK Associates Corp now owns 1,150,095 shares of the financial services provider’s stock worth $58,069,000 after acquiring an additional 141,312 shares during the last quarter. Adell Harriman & Carpenter Inc. grew its position in shares of Main Street Capital by 26.9% during the 2nd quarter. Adell Harriman & Carpenter Inc. now owns 405,210 shares of the financial services provider’s stock valued at $20,459,000 after acquiring an additional 85,995 shares during the period. Pembroke Management LTD bought a new position in Main Street Capital in the 1st quarter worth $3,026,000. Finally, Cetera Investment Advisers purchased a new position in Main Street Capital during the first quarter valued at $2,669,000. 20.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Main Street Capital Trading Up 1.6 %

Shares of MAIN stock opened at $51.83 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a fifty day simple moving average of $49.76 and a two-hundred day simple moving average of $49.53. The firm has a market capitalization of $4.44 billion, a PE ratio of 9.46 and a beta of 1.30. Main Street Capital Co. has a 52-week low of $37.70 and a 52-week high of $52.39.

Main Street Capital (NYSE:MAIN) last released its earnings results on Thursday, August 8th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.01. Main Street Capital had a return on equity of 14.06% and a net margin of 87.58%. The firm had revenue of $132.15 million during the quarter, compared to analysts’ expectations of $132.62 million. During the same quarter last year, the business posted $1.06 earnings per share. On average, analysts predict that Main Street Capital Co. will post 4.12 EPS for the current fiscal year.

Main Street Capital Dividend Announcement

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