Main Street Capital Corporation $MAIN Shares Sold by Sanders Morris Harris LLC

Sanders Morris Harris LLC cut its position in shares of Main Street Capital Corporation (NYSE:MAIN) by 4.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 203,832 shares of the financial services provider’s stock after selling 9,508 shares during the quarter. Main Street Capital accounts for 1.7% of Sanders Morris Harris LLC’s portfolio, making the stock its 9th largest position. Sanders Morris Harris LLC’s holdings in Main Street Capital were worth $12,962,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MAIN. Smartleaf Asset Management LLC lifted its holdings in shares of Main Street Capital by 109.6% during the second quarter. Smartleaf Asset Management LLC now owns 478 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 250 shares during the last quarter. Quarry LP acquired a new stake in Main Street Capital during the 1st quarter worth about $48,000. First Horizon Advisors Inc. purchased a new stake in Main Street Capital during the second quarter valued at about $50,000. Wealth Preservation Advisors LLC acquired a new position in shares of Main Street Capital in the first quarter worth about $58,000. Finally, Financial Management Professionals Inc. boosted its holdings in shares of Main Street Capital by 45.0% in the second quarter. Financial Management Professionals Inc. now owns 1,196 shares of the financial services provider’s stock worth $71,000 after buying an additional 371 shares during the period. 20.31% of the stock is currently owned by institutional investors.

Main Street Capital Trading Down 0.5%

Main Street Capital stock opened at $60.46 on Wednesday. Main Street Capital Corporation has a 12 month low of $47.00 and a 12 month high of $67.77. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.12. The stock has a market cap of $5.42 billion, a P/E ratio of 10.03 and a beta of 0.80. The company’s fifty day simple moving average is $58.35 and its 200-day simple moving average is $61.34.

Main Street Capital (NYSE:MAIN) last released its quarterly earnings data on Thursday, November 6th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.09). Main Street Capital had a net margin of 95.59% and a return on equity of 12.39%. The firm had revenue of $151.23 million for the quarter, compared to analyst estimates of $140.53 million. As a group, sell-side analysts forecast that Main Street Capital Corporation will post 4.11 EPS for the current fiscal year.

Main Street Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, March 6th will be issued a $0.26 dividend. The ex-dividend date is Friday, March 6th. This represents a c) dividend on an annualized basis and a yield of 5.2%. Main Street Capital’s dividend payout ratio is currently 50.75%.

Analyst Ratings Changes

Several equities research analysts recently commented on MAIN shares. Truist Financial reduced their price target on shares of Main Street Capital from $64.00 to $60.00 and set a “hold” rating for the company in a research report on Wednesday, October 15th. Wall Street Zen downgraded shares of Main Street Capital from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Main Street Capital in a research report on Monday. Citigroup initiated coverage on Main Street Capital in a report on Monday, December 8th. They set an “outperform” rating on the stock. Finally, Royal Bank Of Canada dropped their price target on Main Street Capital from $67.00 to $66.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 9th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Main Street Capital has an average rating of “Hold” and an average target price of $62.43.

Main Street Capital Company 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.