4,350 Shares in Main Street Capital Co. (NYSE:MAIN) Acquired by Transform Wealth LLC

Transform Wealth LLC purchased a new stake in shares of Main Street Capital Co. (NYSE:MAIN) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,350 shares of the financial services provider’s stock, valued at approximately $218,000.

Several other large investors have also recently made changes to their positions in MAIN. Triad Wealth Partners LLC bought a new position in shares of Main Street Capital during the 2nd quarter valued at $38,000. Optimum Investment Advisors increased its holdings in shares of Main Street Capital by 100.0% in the second quarter. Optimum Investment Advisors now owns 1,000 shares of the financial services provider’s stock worth $50,000 after buying an additional 500 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Main Street Capital by 59.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,089 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 405 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Main Street Capital during the 2nd quarter valued at about $79,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in Main Street Capital during the 2nd quarter worth approximately $80,000. 20.31% of the stock is owned by hedge funds and other institutional investors.

Main Street Capital Price Performance

Shares of MAIN opened at $51.83 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.07 and a current ratio of 0.07. The firm’s 50-day simple moving average is $49.76 and its two-hundred day simple moving average is $49.53. Main Street Capital Co. has a fifty-two week low of $37.70 and a fifty-two week high of $52.39. The stock has a market cap of $4.44 billion, a PE ratio of 9.46 and a beta of 1.30.

Main Street Capital (NYSE:MAIN) last issued its earnings results on Thursday, August 8th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.01. The business had revenue of $132.15 million during the quarter, compared to analysts’ expectations of $132.62 million. Main Street Capital had a net margin of 87.58% and a return on equity of 14.06%. During the same period in the previous year, the company earned $1.06 earnings per share. Analysts anticipate that Main Street Capital Co. will post 4.12 earnings per share for the current fiscal year.

Main Street Capital Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a $0.30 dividend. The ex-dividend date was Friday, September 20th. This represents a yield of 7.66%. Main Street Capital’s payout ratio is 53.65%.

Analyst Ratings Changes

Several brokerages have weighed in on MAIN. Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 price objective on shares of Main Street Capital in a research report on Wednesday, August 14th. Oppenheimer raised their target price on shares of Main Street Capital from $43.00 to $44.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 13th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Main Street Capital has a consensus rating of “Hold” and an average target price of $48.40.

Main Street Capital Company 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.