JPMorgan Chase & Co. Has $24.32 Million Stock Position in Main Street Capital Corporation $MAIN

JPMorgan Chase & Co. boosted its stake in shares of Main Street Capital Corporation (NYSE:MAIN) by 90.5% during the third quarter, Holdings Channel reports. The fund owned 382,450 shares of the financial services provider’s stock after acquiring an additional 181,733 shares during the period. JPMorgan Chase & Co.’s holdings in Main Street Capital were worth $24,320,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. TCTC Holdings LLC lifted its position in shares of Main Street Capital by 1.1% during the third quarter. TCTC Holdings LLC now owns 123,791 shares of the financial services provider’s stock worth $7,872,000 after purchasing an additional 1,400 shares in the last quarter. Naviter Wealth LLC raised its position in Main Street Capital by 6.6% in the 3rd quarter. Naviter Wealth LLC now owns 81,730 shares of the financial services provider’s stock worth $5,197,000 after purchasing an additional 5,052 shares during the last quarter. Cookson Peirce & Co. Inc. acquired a new position in Main Street Capital during the 3rd quarter worth $258,000. Assetmark Inc. boosted its position in Main Street Capital by 203.0% in the 3rd quarter. Assetmark Inc. now owns 506 shares of the financial services provider’s stock valued at $32,000 after buying an additional 339 shares during the last quarter. Finally, Savvy Advisors Inc. boosted its position in Main Street Capital by 12.4% in the 3rd quarter. Savvy Advisors Inc. now owns 16,360 shares of the financial services provider’s stock valued at $1,040,000 after buying an additional 1,805 shares during the last quarter. 20.31% of the stock is owned by institutional investors.

Main Street Capital Trading Down 2.3%

Shares of NYSE MAIN opened at $56.77 on Monday. Main Street Capital Corporation has a twelve month low of $47.00 and a twelve month high of $67.77. The stock has a market cap of $5.09 billion, a price-to-earnings ratio of 10.28 and a beta of 0.80. 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 company’s fifty day moving average is $61.18 and its 200-day moving average is $61.23.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings data on Thursday, February 26th. The financial services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.06 by $0.03. The business had revenue of $156.17 million for the quarter, compared to the consensus estimate of $141.50 million. Main Street Capital had a return on equity of 12.56% and a net margin of 87.11%. Equities research analysts predict that Main Street Capital Corporation will post 4.11 EPS for the current year.

Main Street Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 8th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Wednesday, April 8th. Main Street Capital’s payout ratio is 56.52%.

More Main Street Capital News

Here are the key news stories impacting Main Street Capital this week:

• Positive Sentiment: Q4 results beat estimates — Main Street reported Q4 EPS of $1.09 (above Street estimates of roughly $1.05–$1.06) and revenue that topped expectations, with management publishing the formal results and slides. Read More.
• Positive Sentiment: Portfolio value and NAV support — Coverage notes an increase in portfolio value and a healthy reported NAV ($33.33/share) and distributable net investment income metrics, which underpin dividend coverage and long‑term cash generation. Read More.
• Neutral Sentiment: Earnings call transcript and supplementary materials available — The company hosted a conference call and released slides/transcript; investors can review management commentary for details on expense drivers and portfolio marks. Read More.
• Negative Sentiment: Rising operating/other expenses year-over-year weighed on sentiment — Analysts and headlines highlighted higher expenses y/y despite the revenue/EPS beat; that was cited as the main near-term reason shares softened. Read More.
• Negative Sentiment: BDC-sector pressure and cautious investor sentiment — Coverage flagged continued pressure across the business development company (BDC) group, which can amplify stock downside even after beats if investors worry about credit, fee, or expense trends. Read More.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MAIN. Royal Bank Of Canada dropped their target price on Main Street Capital from $67.00 to $66.00 and set an “outperform” rating for the company in a research report on Tuesday, December 9th. Citizens Jmp set a $70.00 price objective on Main Street Capital in a report on Monday, December 8th. Wall Street Zen raised shares of Main Street Capital from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. B. Riley Financial lowered their price target on shares of Main Street Capital from $64.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, November 12th. Finally, Noble Financial restated a “neutral” rating on shares of Main Street Capital in a report on Thursday, January 15th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $61.71.

Main Street Capital Company Profile

Main Street Capital Corporation (NYSE: MAIN) is a publicly traded business development company that provides flexible debt and equity capital to lower middle market companies in the United States. Headquartered in Houston, Texas, Main Street Capital was formed in 2007 and operates under the Investment Company Act of 1940. The firm’s management services are provided by Main Street Capital Management, L.P., which focuses on identifying growing private companies with enterprise values typically between $10 million and $150 million.

Main Street Capital’s primary offerings include first-lien senior secured loans, second-lien loans, subordinated debt, and equity co-investments or minority equity positions.