Main Street Capital Corporation (NYSE:MAIN) Shares Bought by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC lifted its stake in Main Street Capital Corporation (NYSE:MAIN) by 4.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,369 shares of the financial services provider’s stock after acquiring an additional 977 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Main Street Capital Corporation were worth $860,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. acquired a new stake in Main Street Capital Corporation during the first quarter valued at approximately $101,000. US Bancorp DE lifted its stake in Main Street Capital Corporation by 20.7% during the first quarter. US Bancorp DE now owns 3,207 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 549 shares during the last quarter. V Wealth Management LLC acquired a new stake in Main Street Capital Corporation during the second quarter valued at approximately $139,000. Global X Management Co. LLC lifted its stake in Main Street Capital Corporation by 49.7% during the first quarter. Global X Management Co. LLC now owns 3,657 shares of the financial services provider’s stock valued at $140,000 after purchasing an additional 1,214 shares during the last quarter. Finally, Green Square Capital LLC acquired a new stake in Main Street Capital Corporation during the first quarter valued at approximately $204,000. 26.32% of the stock is owned by institutional investors.

MAIN has been the subject of several recent research reports. Royal Bank Of Canada reissued an “outperform” rating and set a $40.00 target price (up from $35.00) on shares of Main Street Capital Corporation in a research note on Thursday, May 18th. Zacks Investment Research raised shares of Main Street Capital Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, May 30th. BidaskClub lowered shares of Main Street Capital Corporation from a “buy” rating to a “hold” rating in a research note on Sunday, July 16th. National Securities restated a “sell” rating and set a $33.00 price target on shares of Main Street Capital Corporation in a report on Tuesday, August 8th. Finally, ValuEngine upgraded shares of Main Street Capital Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $38.98.

Main Street Capital Corporation (MAIN) opened at 40.00 on Friday. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 13.14 and a beta of 1.03. Main Street Capital Corporation has a 1-year low of $32.12 and a 1-year high of $40.86. The firm has a 50-day moving average of $39.48 and a 200 day moving average of $38.68.

Main Street Capital Corporation (NYSE:MAIN) last announced its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. Main Street Capital Corporation had a return on equity of 10.24% and a net margin of 86.36%. The company had revenue of $50.30 million during the quarter, compared to analyst estimates of $47.82 million. During the same quarter last year, the firm posted $0.54 EPS. The firm’s revenue for the quarter was up 17.2% on a year-over-year basis. Analysts expect that Main Street Capital Corporation will post $2.30 earnings per share for the current fiscal year.

The business also recently announced a monthly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, November 21st will be paid a $0.19 dividend. The ex-dividend date is Monday, November 20th. This represents a $2.28 annualized dividend and a yield of 5.70%. Main Street Capital Corporation’s dividend payout ratio is currently 72.79%.

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Main Street Capital Corporation Company 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.

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

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