Day & Ennis LLC Invests $202,000 in Main Street Capital Co. (NYSE:MAIN)

Day & Ennis LLC bought a new position in shares of Main Street Capital Co. (NYSE:MAIN) in the second quarter, HoldingsChannel reports. The firm bought 4,908 shares of the financial services provider’s stock, valued at approximately $202,000.

Several other institutional investors have also recently bought and sold shares of MAIN. Sanders Morris Harris LLC lifted its holdings in Main Street Capital by 75.4% in the second quarter. Sanders Morris Harris LLC now owns 371,327 shares of the financial services provider’s stock worth $15,258,000 after buying an additional 159,631 shares during the period. Vestor Capital LLC purchased a new stake in Main Street Capital in the first quarter worth about $3,072,000. Price T Rowe Associates Inc. MD increased its stake in shares of Main Street Capital by 8.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 953,045 shares of the financial services provider’s stock valued at $37,312,000 after purchasing an additional 76,669 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Main Street Capital by 14.7% during the second quarter. Van ECK Associates Corp now owns 570,258 shares of the financial services provider’s stock valued at $23,432,000 after purchasing an additional 73,136 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Main Street Capital by 31.1% during the first quarter. JPMorgan Chase & Co. now owns 271,912 shares of the financial services provider’s stock valued at $10,645,000 after purchasing an additional 64,574 shares in the last quarter. Institutional investors own 17.42% of the company’s stock.

Shares of MAIN traded up $0.49 on Tuesday, hitting $41.06. 1,107 shares of the stock traded hands, compared to its average volume of 326,079. The company has a market capitalization of $2.82 billion, a PE ratio of 8.82 and a beta of 1.51. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.10 and a current ratio of 0.10. The business has a 50 day simple moving average of $41.64 and a 200 day simple moving average of $41.13. Main Street Capital Co. has a one year low of $26.68 and a one year high of $43.56.

Main Street Capital (NYSE:MAIN) last posted its earnings results on Thursday, August 5th. The financial services provider reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.06. Main Street Capital had a net margin of 126.72% and a return on equity of 10.01%. The business had revenue of $67.29 million during the quarter, compared to the consensus estimate of $62.56 million. On average, equities analysts expect that Main Street Capital Co. will post 2.44 earnings per share for the current year.

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 15th. Shareholders of record on Wednesday, November 24th will be given a $0.21 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 6.14%. The ex-dividend date of this dividend is Tuesday, November 23rd. Main Street Capital’s dividend payout ratio (DPR) is presently 117.14%.

Several equities research analysts recently weighed in on MAIN shares. Raymond James raised their price target on shares of Main Street Capital from $43.50 to $44.00 and gave the company an “outperform” rating in a research report on Monday, August 9th. Zacks Investment Research raised shares of Main Street Capital from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Thursday, August 12th.

Main Street Capital Company Profile

Main Street Capital is a principal investment firm that provides long-term debt and equity capital to lower middle market companies. Main Street’s investments are primarily made to support management buyouts, recapitalizations, growth financings and acquisitions of companies that operate in diverse industry sectors and generally have annual revenues ranging from $10 million to $100 million.

See Also: Debt-To-Equity Ratio

Want to see what other hedge funds are holding MAIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Main Street Capital Co. (NYSE:MAIN).

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

Receive News & Ratings for Main Street Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Main Street Capital and related companies with MarketBeat.com's FREE daily email newsletter.