Accurate Investment Solutions Inc. Raises Holdings in Main Street Capital Co. (MAIN)

Accurate Investment Solutions Inc. boosted its stake in shares of Main Street Capital Co. (NYSE:MAIN) by 9.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 108,730 shares of the financial services provider’s stock after buying an additional 9,025 shares during the quarter. Main Street Capital accounts for approximately 3.0% of Accurate Investment Solutions Inc.’s portfolio, making the stock its 9th largest holding. Accurate Investment Solutions Inc. owned 0.18% of Main Street Capital worth $4,138,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of MAIN. Goldman Sachs Group Inc. grew its position in shares of Main Street Capital by 68.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 51,997 shares of the financial services provider’s stock valued at $2,066,000 after purchasing an additional 21,139 shares during the last quarter. BlackRock Inc. grew its position in shares of Main Street Capital by 7.8% in the fourth quarter. BlackRock Inc. now owns 338,702 shares of the financial services provider’s stock valued at $13,457,000 after purchasing an additional 24,620 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Main Street Capital by 8.7% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 176,047 shares of the financial services provider’s stock valued at $6,469,000 after purchasing an additional 14,034 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Main Street Capital in the fourth quarter valued at approximately $350,000. Finally, Advisor Group Inc. grew its position in shares of Main Street Capital by 6.5% in the fourth quarter. Advisor Group Inc. now owns 52,277 shares of the financial services provider’s stock valued at $2,076,000 after purchasing an additional 3,171 shares during the last quarter. Institutional investors own 25.25% of the company’s stock.

Several research firms have recently commented on MAIN. Zacks Investment Research lowered shares of Main Street Capital from a “hold” rating to a “sell” rating in a research report on Tuesday. National Securities reiterated a “neutral” rating and issued a $35.00 price target on shares of Main Street Capital in a research report on Wednesday, May 9th. ValuEngine lowered shares of Main Street Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, April 11th. Finally, B. Riley began coverage on shares of Main Street Capital in a research report on Tuesday, March 27th. They issued a “buy” rating and a $40.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Main Street Capital presently has an average rating of “Hold” and a consensus price target of $39.33.

Main Street Capital traded down $0.05, reaching $38.45, during mid-day trading on Wednesday, according to MarketBeat.com. 133,095 shares of the stock were exchanged, compared to its average volume of 270,202. Main Street Capital Co. has a 1-year low of $34.37 and a 1-year high of $41.79. The firm has a market cap of $2.28 billion, a P/E ratio of 16.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.10 and a current ratio of 0.10.

Main Street Capital (NYSE:MAIN) last announced its earnings results on Thursday, May 3rd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.04. Main Street Capital had a net margin of 81.24% and a return on equity of 10.48%. The firm had revenue of $55.94 million for the quarter, compared to analyst estimates of $53.54 million. During the same quarter last year, the business earned $0.57 earnings per share. Main Street Capital’s revenue was up 16.8% compared to the same quarter last year. equities analysts predict that Main Street Capital Co. will post 2.47 EPS for the current year.

The company also recently announced a dividend, which was paid on Tuesday, June 26th. Investors of record on Tuesday, June 19th were given a dividend of $0.275 per share. The ex-dividend date was Monday, June 18th. This is a positive change from Main Street Capital’s previous dividend of $0.19. Main Street Capital’s dividend payout ratio (DPR) is 95.40%.

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.

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

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