Hsbc Holdings PLC Purchases New Position in Main Street Capital Co. (MAIN)

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Hsbc Holdings PLC bought a new position in shares of Main Street Capital Co. (NYSE:MAIN) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 59,400 shares of the financial services provider’s stock, valued at approximately $2,037,000.

Several other hedge funds have also bought and sold shares of the company. Van ECK Associates Corp raised its position in shares of Main Street Capital by 5.6% in the 4th quarter. Van ECK Associates Corp now owns 481,988 shares of the financial services provider’s stock worth $16,296,000 after acquiring an additional 25,653 shares in the last quarter. Sound Income Strategies LLC raised its position in shares of Main Street Capital by 5.0% in the 4th quarter. Sound Income Strategies LLC now owns 412,900 shares of the financial services provider’s stock worth $14,831,000 after acquiring an additional 19,515 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of Main Street Capital by 969,029.0% in the 3rd quarter. Clearbridge Investments LLC now owns 300,430 shares of the financial services provider’s stock worth $11,567,000 after acquiring an additional 300,399 shares in the last quarter. BlackRock Inc. raised its position in shares of Main Street Capital by 11.5% in the 3rd quarter. BlackRock Inc. now owns 273,473 shares of the financial services provider’s stock worth $10,529,000 after acquiring an additional 28,267 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of Main Street Capital by 1.5% in the 3rd quarter. Legal & General Group Plc now owns 232,890 shares of the financial services provider’s stock worth $8,979,000 after acquiring an additional 3,329 shares in the last quarter. 22.92% of the stock is owned by hedge funds and other institutional investors.

Shares of MAIN opened at $38.03 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.13 and a quick ratio of 0.13. The stock has a market capitalization of $2.35 billion, a PE ratio of 14.63 and a beta of 0.96. Main Street Capital Co. has a one year low of $31.95 and a one year high of $40.77.

The company also recently announced a monthly dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, May 20th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $2.40 annualized dividend and a dividend yield of 6.31%. Main Street Capital’s dividend payout ratio is presently 90.00%.

MAIN has been the subject of several research analyst reports. Zacks Investment Research lowered Main Street Capital from a “buy” rating to a “hold” rating in a research report on Saturday, December 15th. National Securities reissued a “neutral” rating and issued a $38.00 price objective on shares of Main Street Capital in a research report on Monday, March 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $38.50.

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Main Street Capital Profile

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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Want to see what other hedge funds are holding MAIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Main Street Capital Co. (NYSE:MAIN).

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

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