Joel Isaacson & Co. LLC Increases Position in Main Street Capital Co. (NYSE:MAIN)

Joel Isaacson & Co. LLC lifted its position in shares of Main Street Capital Co. (NYSE:MAIN) by 3,098.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 127,996 shares of the financial services provider’s stock after acquiring an additional 123,994 shares during the period. Joel Isaacson & Co. LLC’s holdings in Main Street Capital were worth $6,418,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp increased its position in shares of Main Street Capital by 14.0% during the second quarter. Van ECK Associates Corp now owns 1,150,095 shares of the financial services provider’s stock valued at $58,069,000 after acquiring an additional 141,312 shares in the last quarter. Burgundy Asset Management Ltd. grew its position in Main Street Capital by 1.6% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,106,782 shares of the financial services provider’s stock worth $55,881,000 after purchasing an additional 17,623 shares during the period. Adell Harriman & Carpenter Inc. grew its position in Main Street Capital by 26.9% in the 2nd quarter. Adell Harriman & Carpenter Inc. now owns 405,210 shares of the financial services provider’s stock worth $20,459,000 after purchasing an additional 85,995 shares during the period. Sanders Morris Harris LLC grew its position in Main Street Capital by 0.7% in the 3rd quarter. Sanders Morris Harris LLC now owns 208,052 shares of the financial services provider’s stock worth $10,432,000 after purchasing an additional 1,443 shares during the period. Finally, Paradiem LLC grew its position in Main Street Capital by 7.6% in the 2nd quarter. Paradiem LLC now owns 194,865 shares of the financial services provider’s stock worth $9,839,000 after purchasing an additional 13,785 shares during the period. Institutional investors own 20.31% of the company’s stock.

Main Street Capital Trading Down 0.1 %

Shares of Main Street Capital stock opened at $51.68 on Friday. The company’s fifty day simple moving average is $50.22 and its 200-day simple moving average is $49.75. The stock has a market capitalization of $4.50 billion, a PE ratio of 9.66 and a beta of 1.30. Main Street Capital Co. has a 1-year low of $37.70 and a 1-year high of $52.62. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.07 and a quick ratio of 0.07.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings results on Thursday, August 8th. The financial services provider reported $1.01 earnings per share for the quarter, hitting the consensus estimate of $1.01. The business had revenue of $132.15 million for the quarter, compared to analysts’ expectations 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 last year, the company posted $1.06 EPS. As a group, equities analysts anticipate that Main Street Capital Co. will post 4.12 earnings per share for the current year.

Main Street Capital Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a dividend of $0.30 per share. This represents a dividend yield of 7.66%. The ex-dividend date was Friday, September 20th. Main Street Capital’s dividend payout ratio (DPR) is 54.95%.

Analyst Ratings Changes

MAIN has been the subject of a number of research analyst reports. Oppenheimer lifted their target price on shares of 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 reaffirmed an “outperform” rating and issued a $52.00 target price on shares of Main Street Capital in a research report on Wednesday, August 14th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $48.40.

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.