Childress Capital Advisors LLC Trims Position in Main Street Capital Co. (NYSE:MAIN)

Childress Capital Advisors LLC reduced its stake in shares of Main Street Capital Co. (NYSE:MAIN) by 1.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 116,610 shares of the financial services provider’s stock after selling 2,065 shares during the period. Main Street Capital makes up approximately 1.7% of Childress Capital Advisors LLC’s portfolio, making the stock its 12th biggest holding. Childress Capital Advisors LLC owned 0.14% of Main Street Capital worth $5,888,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Main Street Capital by 2.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,435,508 shares of the financial services provider’s stock valued at $148,518,000 after purchasing an additional 71,698 shares during the last quarter. Van ECK Associates Corp increased its stake in Main Street Capital by 14.0% in the second quarter. Van ECK Associates Corp now owns 1,150,095 shares of the financial services provider’s stock valued at $58,069,000 after purchasing an additional 141,312 shares during the last quarter. Burgundy Asset Management Ltd. raised its stake in Main Street Capital by 1.4% during the 1st quarter. Burgundy Asset Management Ltd. now owns 1,089,159 shares of the financial services provider’s stock worth $51,528,000 after acquiring an additional 15,392 shares in the last quarter. Adell Harriman & Carpenter Inc. grew its position in shares of Main Street Capital by 26.9% during the second quarter. Adell Harriman & Carpenter Inc. now owns 405,210 shares of the financial services provider’s stock worth $20,459,000 after acquiring an additional 85,995 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its stake in Main Street Capital by 2.2% during the 1st quarter. Sound Income Strategies LLC now owns 359,773 shares of the financial services provider’s stock worth $17,021,000 after purchasing an additional 7,790 shares during the period. 20.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MAIN has been the subject of several recent research reports. Truist Financial increased their target price on shares of Main Street Capital from $45.00 to $52.00 and gave the stock a “hold” rating in a research note on Monday, May 13th. B. Riley raised their price target on Main Street Capital from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 price target on shares of Main Street Capital in a report on Wednesday, August 14th. Finally, Oppenheimer increased their target price on shares of Main Street Capital from $43.00 to $44.00 and gave the company a “market perform” rating in a report on Tuesday, August 13th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $48.40.

Main Street Capital Stock Performance

NYSE MAIN opened at $49.25 on Friday. The firm has a market capitalization of $4.22 billion, a P/E ratio of 9.04 and a beta of 1.29. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.07 and a quick ratio of 0.07. Main Street Capital Co. has a 1-year low of $37.70 and a 1-year high of $52.39. The business’s 50-day simple moving average is $50.13 and its 200-day simple moving average is $48.64.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings results on Thursday, August 8th. The financial services provider reported $1.01 EPS for the quarter, meeting analysts’ consensus estimates of $1.01. The firm had revenue of $132.15 million during the quarter, compared to the consensus estimate of $132.62 million. Main Street Capital had a return on equity of 14.41% and a net margin of 87.58%. During the same quarter in the prior year, the business posted $1.06 earnings per share. Equities analysts predict that Main Street Capital Co. will post 4.13 EPS for the current year.

Main Street Capital Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 20th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, September 20th. Main Street Capital’s payout ratio is currently 53.65%.

Main Street Capital Profile

Main Street Capital Corporation is a business development company specializes in equity capital to lower middle market companies. The firm specializing in recapitalizations, management buyouts, refinancing, family estate planning, management buyouts, refinancing, industry consolidation, mature, later stage emerging growth.