California Public Employees Retirement System Raises Position in Main Street Capital Co. (MAIN)

California Public Employees Retirement System raised its holdings in shares of Main Street Capital Co. (NYSE:MAIN) by 6.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 130,783 shares of the financial services provider’s stock after purchasing an additional 8,110 shares during the quarter. California Public Employees Retirement System’s holdings in Main Street Capital were worth $5,196,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MAIN. JPMorgan Chase & Co. boosted its holdings in Main Street Capital by 59.1% during the third quarter. JPMorgan Chase & Co. now owns 4,648 shares of the financial services provider’s stock worth $184,000 after buying an additional 1,727 shares in the last quarter. Strid Group LLC bought a new stake in Main Street Capital during the fourth quarter worth approximately $204,000. GSA Capital Partners LLP bought a new stake in Main Street Capital during the third quarter worth approximately $208,000. Resources Investment Advisors Inc. boosted its holdings in Main Street Capital by 42.6% during the fourth quarter. Resources Investment Advisors Inc. now owns 8,743 shares of the financial services provider’s stock worth $347,000 after buying an additional 2,613 shares in the last quarter. Finally, Yorktown Management & Research Co Inc bought a new stake in Main Street Capital during the third quarter worth approximately $350,000. Hedge funds and other institutional investors own 27.81% of the company’s stock.

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Shares of Main Street Capital Co. (NYSE:MAIN) opened at $36.95 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.15 and a quick ratio of 0.15. The company has a market cap of $2,150.00, a P/E ratio of 12.36 and a beta of 0.96. Main Street Capital Co. has a 12-month low of $34.37 and a 12-month high of $41.79.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.01. The business had revenue of $55.80 million during the quarter, compared to the consensus estimate of $53.17 million. Main Street Capital had a net margin of 82.93% and a return on equity of 10.34%. The firm’s quarterly revenue was up 19.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.57 EPS. research analysts forecast that Main Street Capital Co. will post 2.42 earnings per share for the current year.

The company also recently declared a monthly dividend, which will be paid on Monday, April 16th. Investors of record on Wednesday, March 21st will be given a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, March 20th. This represents a $2.28 annualized dividend and a dividend yield of 6.17%. Main Street Capital’s dividend payout ratio (DPR) is presently 76.25%.

A number of analysts recently weighed in on the stock. National Securities upgraded shares of Main Street Capital from a “sell” rating to a “neutral” rating and raised their target price for the stock from $33.00 to $35.00 in a report on Monday, February 26th. ValuEngine cut shares of Main Street Capital from a “buy” rating to a “hold” rating in a report on Monday, February 5th. Finally, Zacks Investment Research downgraded shares of Main Street Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. Main Street Capital currently has a consensus rating of “Hold” and an average target price of $39.58.

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About Main Street Capital

Main Street Capital Corporation (MSCC) is a principal investment firm. MSCC’s principal investment objective is to maximize its portfolio’s total return by generating current income from the Company’s debt investments and capital appreciation from its equity and equity related investments, including warrants, convertible securities and other rights to acquire equity securities in a portfolio company.

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Institutional Ownership by Quarter for Main Street Capital (NYSE:MAIN)

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