Americana Partners LLC Purchases 1,066 Shares of Main Street Capital Co. (NYSE:MAIN)

Americana Partners LLC raised its position in Main Street Capital Co. (NYSE:MAIN) by 1.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,405 shares of the financial services provider’s stock after buying an additional 1,066 shares during the quarter. Americana Partners LLC owned about 0.09% of Main Street Capital worth $3,706,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Corient Private Wealth LLC boosted its holdings in Main Street Capital by 226.1% in the 4th quarter. Corient Private Wealth LLC now owns 29,996 shares of the financial services provider’s stock worth $1,297,000 after buying an additional 20,799 shares during the period. First Financial Bankshares Inc purchased a new position in shares of Main Street Capital in the fourth quarter valued at $6,122,000. Marietta Wealth Management LLC bought a new stake in shares of Main Street Capital during the 2nd quarter valued at $581,000. Freestone Capital Holdings LLC purchased a new stake in Main Street Capital during the 1st quarter worth about $568,000. Finally, Baader Bank Aktiengesellschaft bought a new position in Main Street Capital in the 4th quarter worth about $273,000. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Main Street Capital Trading Up 0.6 %

MAIN stock traded up $0.29 during trading on Friday, reaching $49.40. The company had a trading volume of 260,699 shares, compared to its average volume of 367,386. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.10 and a quick ratio of 0.10. Main Street Capital Co. has a 52 week low of $37.70 and a 52 week high of $52.39. The business has a 50 day moving average of $50.14 and a 200 day moving average of $48.51. The company has a market cap of $4.23 billion, a P/E ratio of 9.01 and a beta of 1.29.

Main Street Capital (NYSE:MAIN) last announced 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 14.83% and a net margin of 89.11%. The firm had revenue of $132.15 million during the quarter, compared to analyst estimates of $132.62 million. During the same quarter in the prior year, the company earned $1.06 EPS. As a group, sell-side analysts forecast that Main Street Capital Co. will post 4.08 earnings per share for the current fiscal year.

Main Street Capital Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 20th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, September 20th. Main Street Capital’s payout ratio is currently 53.65%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MAIN shares. B. Riley upped their price target on Main Street Capital from $47.00 to $49.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price target on shares of Main Street Capital in a report on Wednesday, August 14th. Oppenheimer upped their target price on Main Street Capital from $43.00 to $44.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 13th. Finally, Truist Financial lifted their price target on Main Street Capital from $45.00 to $52.00 and gave the company a “hold” rating in a research report on Monday, May 13th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Main Street Capital has a consensus rating of “Hold” and a consensus price target of $48.40.

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.