Deutsche Bank AG Has $4.24 Million Stake in Main Street Capital (MAIN)

Deutsche Bank AG lifted its holdings in shares of Main Street Capital (NYSE:MAIN) by 7.1% during the 4th quarter, Holdings Channel reports. The firm owned 106,642 shares of the financial services provider’s stock after acquiring an additional 7,114 shares during the period. Deutsche Bank AG’s holdings in Main Street Capital were worth $4,235,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in shares of Main Street Capital by 59.1% during the third quarter. JPMorgan Chase & Co. now owns 4,648 shares of the financial services provider’s stock worth $184,000 after purchasing an additional 1,727 shares during the last quarter. Global Financial Private Capital LLC boosted its holdings in shares of Main Street Capital by 18.3% during the fourth quarter. Global Financial Private Capital LLC now owns 12,936 shares of the financial services provider’s stock worth $514,000 after purchasing an additional 2,000 shares during the last quarter. Resources Investment Advisors Inc. boosted its holdings in shares of Main Street Capital by 42.6% during the fourth quarter. Resources Investment Advisors Inc. now owns 8,743 shares of the financial services provider’s stock worth $347,000 after purchasing an additional 2,613 shares during the last quarter. Advisor Group Inc. boosted its holdings in shares of Main Street Capital by 6.5% during the fourth quarter. Advisor Group Inc. now owns 52,277 shares of the financial services provider’s stock worth $2,076,000 after purchasing an additional 3,171 shares during the last quarter. Finally, Creative Planning boosted its holdings in shares of Main Street Capital by 20.9% during the fourth quarter. Creative Planning now owns 20,580 shares of the financial services provider’s stock worth $818,000 after purchasing an additional 3,564 shares during the last quarter. Institutional investors and hedge funds own 27.59% of the company’s stock.

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Shares of MAIN opened at $37.30 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.15 and a current ratio of 0.15. The firm has a market capitalization of $2,173.89, a P/E ratio of 15.61 and a beta of 0.92. Main Street Capital has a twelve month low of $34.37 and a twelve month high of $41.79.

Main Street Capital (NYSE:MAIN) last issued its earnings results on Thursday, February 22nd. The financial services provider reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.01. The business had revenue of $55.80 million for the quarter, compared to analyst estimates of $53.17 million. Main Street Capital had a return on equity of 10.34% and a net margin of 82.93%. The business’s quarterly revenue was up 19.2% on a year-over-year basis. During the same period last year, the company posted $0.57 EPS. equities research analysts expect that Main Street Capital will post 2.44 EPS for the current year.

The company also recently announced a dividend, which will be paid on Tuesday, May 15th. Investors of record on Friday, April 20th will be given a $0.19 dividend. This is a positive change from Main Street Capital’s previous dividend of $0.19. The ex-dividend date of this dividend is Thursday, April 19th. Main Street Capital’s dividend payout ratio (DPR) is 95.40%.

Several research firms have recently issued reports on MAIN. National Securities upgraded Main Street Capital from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $33.00 to $35.00 in a report on Monday, February 26th. Zacks Investment Research upgraded Main Street Capital from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a report on Friday, January 5th. B. Riley began coverage on Main Street Capital in a report on Tuesday, March 27th. They set a “buy” rating and a $40.00 price objective on the stock. Finally, ValuEngine cut Main Street Capital from a “buy” rating to a “hold” rating in a report on Wednesday, April 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $39.15.

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About Main Street Capital

Main Street Capital Corporation is a business development company specializing in long- term equity and debt investments in small and lower middle market companies. The firm focuses on investments in, subordinated loans, private equity, venture debt, mezzanine investments, mature, mid venture, industry consolidation, later stage, late venture, emerging growth, management buyouts, change of control transactions, ownership transitions, recapitalizations, strategic acquisitions, refinancing, business expansion capital, growth financings, family estate planning, and other growth initiatives primarily for later stage businesses.

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

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