Northern Trust Corp Acquires 6,927 Shares of Main Street Capital Co. (MAIN)

Northern Trust Corp grew its holdings in Main Street Capital Co. (NYSE:MAIN) by 37.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,642 shares of the financial services provider’s stock after purchasing an additional 6,927 shares during the quarter. Northern Trust Corp’s holdings in Main Street Capital were worth $986,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Homrich & Berg raised its position in shares of Main Street Capital by 1.0% in the 2nd quarter. Homrich & Berg now owns 37,432 shares of the financial services provider’s stock valued at $1,440,000 after acquiring an additional 363 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of Main Street Capital by 6.0% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 94,577 shares of the financial services provider’s stock valued at $3,637,000 after acquiring an additional 5,374 shares during the period. Capital Fund Management S.A. raised its position in shares of Main Street Capital by 103.3% in the 2nd quarter. Capital Fund Management S.A. now owns 18,500 shares of the financial services provider’s stock valued at $712,000 after acquiring an additional 9,400 shares during the period. Schroder Investment Management Group acquired a new stake in shares of Main Street Capital in the 2nd quarter valued at approximately $753,000. Finally, Blair William & Co. IL raised its position in shares of Main Street Capital by 0.6% in the 2nd quarter. Blair William & Co. IL now owns 115,839 shares of the financial services provider’s stock valued at $4,455,000 after acquiring an additional 748 shares during the period. 27.23% of the stock is currently owned by institutional investors.

Shares of Main Street Capital Co. (NYSE:MAIN) traded up $0.27 during mid-day trading on Thursday, reaching $40.18. 197,200 shares of the company’s stock traded hands, compared to its average volume of 234,556. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.20. The firm has a market cap of $2,318.69, a P/E ratio of 17.28 and a beta of 1.02. Main Street Capital Co. has a 52-week low of $35.25 and a 52-week high of $41.79.

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

The business also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Friday, January 19th will be issued a dividend of $0.19 per share. The ex-dividend date is Thursday, January 18th. This represents a $2.28 annualized dividend and a yield of 5.67%. Main Street Capital’s dividend payout ratio (DPR) is currently 80.28%.

MAIN has been the topic of a number of analyst reports. ValuEngine upgraded shares of Main Street Capital from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. National Securities restated a “sell” rating and set a $33.00 target price on shares of Main Street Capital in a report on Monday, November 6th. Zacks Investment Research upgraded shares of Main Street Capital from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Wednesday, November 8th. BidaskClub downgraded shares of Main Street Capital from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Finally, Raymond James Financial upgraded shares of Main Street Capital from an “underperform” rating to a “market perform” rating in a report on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Main Street Capital has a consensus rating of “Hold” and a consensus price target of $39.15.

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About Main Street Capital

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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