Wambolt & Associates LLC Has $3.09 Million Stock Position in Main Street Capital Co. (NYSE:MAIN)

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Wambolt & Associates LLC decreased its stake in shares of Main Street Capital Co. (NYSE:MAIN) by 3.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,504 shares of the financial services provider’s stock after selling 2,216 shares during the quarter. Main Street Capital makes up 2.6% of Wambolt & Associates LLC’s portfolio, making the stock its 3rd largest position. Wambolt & Associates LLC’s holdings in Main Street Capital were worth $3,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. DNB Asset Management AS raised its holdings in shares of Main Street Capital by 112.3% in the 2nd quarter. DNB Asset Management AS now owns 53,112 shares of the financial services provider’s stock valued at $2,184,000 after purchasing an additional 28,100 shares in the last quarter. Stelac Advisory Services LLC bought a new stake in shares of Main Street Capital in the 2nd quarter valued at about $138,000. Cetera Advisor Networks LLC raised its holdings in shares of Main Street Capital by 3.8% in the 2nd quarter. Cetera Advisor Networks LLC now owns 18,492 shares of the financial services provider’s stock valued at $758,000 after purchasing an additional 683 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of Main Street Capital by 5.0% in the 1st quarter. Clearbridge Investments LLC now owns 311,439 shares of the financial services provider’s stock valued at $11,586,000 after purchasing an additional 14,873 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of Main Street Capital by 15.1% in the 2nd quarter. Bank of Montreal Can now owns 612,320 shares of the financial services provider’s stock valued at $25,179,000 after purchasing an additional 80,304 shares in the last quarter. Institutional investors own 22.45% of the company’s stock.

Shares of NYSE MAIN traded up $0.32 during trading hours on Tuesday, hitting $42.22. 7,433 shares of the stock were exchanged, compared to its average volume of 241,975. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.65 billion, a PE ratio of 16.24 and a beta of 0.80. The firm has a fifty day moving average price of $43.08 and a 200-day moving average price of $41.22. Main Street Capital Co. has a 12 month low of $31.95 and a 12 month high of $44.35.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.63 EPS for the quarter, topping the consensus estimate of $0.62 by $0.01. The firm had revenue of $61.30 million during the quarter, compared to analyst estimates of $61.33 million. Main Street Capital had a net margin of 65.74% and a return on equity of 10.57%. Main Street Capital’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.66 EPS. As a group, equities analysts anticipate that Main Street Capital Co. will post 2.54 earnings per share for the current fiscal year.

The company also recently disclosed a dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be paid a dividend of $0.205 per share. The ex-dividend date is Thursday, October 17th. Main Street Capital’s dividend payout ratio (DPR) is presently 94.62%.

Several equities research analysts have recently commented on the stock. B. Riley set a $43.00 price target on shares of Main Street Capital and gave the company a “buy” rating in a report on Tuesday, August 20th. National Securities assumed coverage on shares of Main Street Capital in a report on Monday, September 23rd. They issued a “neutral” rating and a $40.00 price target for the company. Finally, Zacks Investment Research lowered shares of Main Street Capital from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $41.20.

About Main Street Capital

Main Street Capital Corporation is a business development company specializing in long- term equity and debt investments in small and lower middle market companies. The firm focuses on investments in, subordinated loans, private equity, venture debt, mezzanine investments, mature, mid venture, industry consolidation, later stage, late venture, emerging growth, management buyouts, change of control transactions, ownership transitions, recapitalizations, strategic acquisitions, refinancing, business expansion capital, growth financings, family estate planning, and other growth initiatives primarily for later stage businesses.

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

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