J.W. Cole Advisors Inc. Buys 9,114 Shares of Main Street Capital Co. (NYSE:MAIN)

J.W. Cole Advisors Inc. raised its stake in shares of Main Street Capital Co. (NYSE:MAIN) by 66.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,880 shares of the financial services provider’s stock after acquiring an additional 9,114 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Main Street Capital were worth $1,155,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of MAIN. LifeSteps Financial Inc. bought a new stake in Main Street Capital during the 1st quarter valued at $35,000. Triad Wealth Partners LLC bought a new stake in Main Street Capital during the 2nd quarter valued at $38,000. Nomura Asset Management Co. Ltd. boosted its position in Main Street Capital by 73.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,139 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 483 shares in the last quarter. Optimum Investment Advisors boosted its position in shares of Main Street Capital by 100.0% in the 2nd 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 in the last quarter. Finally, Scarborough Advisors LLC acquired a new stake in shares of Main Street Capital in the 4th quarter worth $72,000. Institutional investors own 20.31% of the company’s stock.

Main Street Capital Stock Performance

Shares of MAIN opened at $49.95 on Monday. The stock has a 50-day moving average of $49.85 and a two-hundred day moving average of $48.85. Main Street Capital Co. has a one year low of $37.70 and a one year high of $52.39. 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 market cap of $4.28 billion, a P/E ratio of 9.11 and a beta of 1.30.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings results on Thursday, August 8th. The financial services provider reported $1.01 EPS for the quarter, hitting analysts’ consensus estimates of $1.01. Main Street Capital had a return on equity of 14.41% and a net margin of 87.58%. The company had revenue of $132.15 million during the quarter, compared to analysts’ expectations of $132.62 million. During the same quarter in the previous year, the firm posted $1.06 EPS. As a group, research analysts predict that Main Street Capital Co. will post 4.13 EPS for the current year.

Main Street Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 8th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 7.21%. Main Street Capital’s payout ratio is currently 53.65%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Oppenheimer raised their price objective 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 reissued an “outperform” rating and issued a $52.00 price objective on shares of Main Street Capital in a research report on Wednesday, August 14th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $48.40.

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.