Magnetar Financial LLC Purchases Shares of 26,561 Main Street Capital Co. (MAIN)

Magnetar Financial LLC purchased a new stake in Main Street Capital Co. (NYSE:MAIN) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 26,561 shares of the financial services provider’s stock, valued at approximately $1,056,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Muzinich & Co. Inc. boosted its stake in Main Street Capital by 6.1% during the 2nd quarter. Muzinich & Co. Inc. now owns 2,313,404 shares of the financial services provider’s stock valued at $88,974,000 after purchasing an additional 133,731 shares during the period. Macquarie Group Ltd. boosted its stake in Main Street Capital by 7.3% during the 3rd quarter. Macquarie Group Ltd. now owns 1,105,132 shares of the financial services provider’s stock valued at $43,929,000 after purchasing an additional 75,462 shares during the period. Van ECK Associates Corp boosted its stake in Main Street Capital by 5.8% during the 3rd quarter. Van ECK Associates Corp now owns 403,372 shares of the financial services provider’s stock valued at $16,034,000 after purchasing an additional 21,957 shares during the period. Usca Ria LLC boosted its stake in Main Street Capital by 127.4% during the 2nd quarter. Usca Ria LLC now owns 372,302 shares of the financial services provider’s stock valued at $14,319,000 after purchasing an additional 208,555 shares during the period. Finally, M&T Bank Corp boosted its stake in Main Street Capital by 6.4% during the 2nd quarter. M&T Bank Corp now owns 355,682 shares of the financial services provider’s stock valued at $13,680,000 after purchasing an additional 21,448 shares during the period. 27.23% of the stock is owned by institutional investors and hedge funds.

Main Street Capital Co. (NYSE:MAIN) traded up $0.22 during mid-day trading on Friday, hitting $40.46. 218,432 shares of the company’s stock were exchanged, compared to its average volume of 195,122. Main Street Capital Co. has a one year low of $35.25 and a one year high of $41.79. The company has a market cap of $2,350.65, a P/E ratio of 17.52 and a beta of 1.02. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.10 and a quick ratio of 0.10.

Main Street Capital (NYSE:MAIN) last released its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. Main Street Capital had a net margin of 79.87% and a return on equity of 10.14%. The company had revenue of $51.79 million for the quarter, compared to the consensus estimate of $50.89 million. During the same period in the previous year, the firm earned $0.58 EPS. Main Street Capital’s revenue was up 11.1% on a year-over-year basis. sell-side analysts anticipate that Main Street Capital Co. will post 2.33 EPS for the current year.

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Friday, January 19th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.64%. Main Street Capital’s payout ratio is currently 80.28%.

A number of research analysts have issued reports on the stock. Raymond James Financial raised shares of Main Street Capital from an “underperform” rating to a “market perform” rating in a research note on Tuesday, November 7th. Zacks Investment Research downgraded shares of Main Street Capital from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. BidaskClub downgraded shares of Main Street Capital from a “hold” rating to a “sell” rating in a research report on Saturday, October 7th. National Securities restated a “sell” rating and set a $33.00 price target on shares of Main Street Capital in a research report on Monday, November 6th. Finally, ValuEngine upgraded shares of Main Street Capital from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. Main Street Capital currently has an average rating of “Hold” and an average price target of $39.15.

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Main Street Capital 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.

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

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