Muzinich & Co. Inc. trimmed its position in Main Street Capital Co. (NYSE:MAIN) by 16.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,896,424 shares of the financial services provider’s stock after selling 363,177 shares during the period. Main Street Capital makes up approximately 9.8% of Muzinich & Co. Inc.’s portfolio, making the stock its 2nd biggest position. Muzinich & Co. Inc. owned approximately 3.26% of Main Street Capital worth $75,345,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of the stock. Burgundy Asset Management Ltd. increased its position in Main Street Capital by 6.8% in the 3rd quarter. Burgundy Asset Management Ltd. now owns 1,828,173 shares of the financial services provider’s stock valued at $72,670,000 after buying an additional 116,075 shares in the last quarter. Macquarie Group Ltd. increased its position in Main Street Capital by 7.3% in the 3rd quarter. Macquarie Group Ltd. now owns 1,105,132 shares of the financial services provider’s stock valued at $43,929,000 after buying an additional 75,462 shares in the last quarter. M&T Bank Corp increased its position in Main Street Capital by 1.6% in the 4th quarter. M&T Bank Corp now owns 478,304 shares of the financial services provider’s stock valued at $19,004,000 after buying an additional 7,687 shares in the last quarter. Van ECK Associates Corp increased its position in Main Street Capital by 5.8% in the 3rd quarter. Van ECK Associates Corp now owns 403,372 shares of the financial services provider’s stock valued at $16,034,000 after buying an additional 21,957 shares in the last quarter. Finally, BlackRock Inc. increased its position in Main Street Capital by 7.8% in the 4th quarter. BlackRock Inc. now owns 338,702 shares of the financial services provider’s stock valued at $13,457,000 after buying an additional 24,620 shares in the last quarter. 27.81% of the stock is owned by institutional investors and hedge funds.
MAIN has been the subject of a number of research analyst reports. Zacks Investment Research lowered Main Street Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. ValuEngine lowered Main Street Capital from a “buy” rating to a “hold” rating in a research report on Monday, February 5th. Finally, National Securities raised Main Street Capital from a “sell” rating to a “neutral” rating and boosted their target price for the company from $33.00 to $35.00 in a research report on Monday, February 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $39.58.
Main Street Capital (NYSE:MAIN) last released its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 10.34% and a net margin of 82.93%. The company’s quarterly revenue was up 19.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.57 EPS. equities research analysts expect that Main Street Capital Co. will post 2.42 earnings per share for the current fiscal year.
The business also recently declared a monthly dividend, which will be paid on Monday, April 16th. Shareholders of record on Wednesday, March 21st will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, March 20th. This represents a $2.28 dividend on an annualized basis and a yield of 6.18%. Main Street Capital’s dividend payout ratio (DPR) is currently 76.25%.
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Main Street Capital Profile
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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