Main Street Capital Co. (NYSE:MAIN) Shares Sold by United Advisor Group LLC

United Advisor Group LLC decreased its position in shares of Main Street Capital Co. (NYSE:MAIN) by 8.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 7,653 shares of the financial services provider’s stock after selling 730 shares during the quarter. United Advisor Group LLC’s holdings in Main Street Capital were worth $384,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of MAIN. Van ECK Associates Corp grew its holdings in shares of Main Street Capital by 3.9% during the 3rd quarter. Van ECK Associates Corp now owns 1,195,476 shares of the financial services provider’s stock worth $61,758,000 after purchasing an additional 45,381 shares during the period. Janney Montgomery Scott LLC boosted its stake in Main Street Capital by 188.3% during the third quarter. Janney Montgomery Scott LLC now owns 20,176 shares of the financial services provider’s stock worth $1,012,000 after buying an additional 13,177 shares during the period. Pembroke Management LTD boosted its stake in Main Street Capital by 0.6% during the third quarter. Pembroke Management LTD now owns 76,928 shares of the financial services provider’s stock worth $3,857,000 after buying an additional 433 shares during the period. Farther Finance Advisors LLC increased its position in shares of Main Street Capital by 1,641.4% during the third quarter. Farther Finance Advisors LLC now owns 2,943 shares of the financial services provider’s stock valued at $148,000 after acquiring an additional 2,774 shares during the last quarter. Finally, Americana Partners LLC raised its stake in shares of Main Street Capital by 1.5% in the 3rd quarter. Americana Partners LLC now owns 74,479 shares of the financial services provider’s stock valued at $3,734,000 after acquiring an additional 1,074 shares during the period. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Analyst Upgrades and Downgrades

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

Main Street Capital Trading Up 1.6 %

Shares of MAIN stock opened at $51.51 on Thursday. Main Street Capital Co. has a fifty-two week low of $39.87 and a fifty-two week high of $52.62. The company has a 50 day moving average price of $50.50 and a 200 day moving average price of $49.99. The stock has a market capitalization of $4.48 billion, a P/E ratio of 9.63 and a beta of 1.29. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.07 and a current ratio of 0.07.

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

Main Street Capital Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 8th will be issued a dividend of $0.245 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $2.94 annualized dividend and a yield of 5.71%. Main Street Capital’s dividend payout ratio (DPR) is 54.95%.

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.