AllSquare Wealth Management LLC Has $806,000 Stake in Main Street Capital Co. (MAIN)

AllSquare Wealth Management LLC continued to hold its stake in shares of Main Street Capital Co. (NYSE:MAIN) during the first quarter, Holdings Channel reports. The fund owned 21,050 shares of the financial services provider’s stock at the end of the first quarter. Main Street Capital comprises 0.7% of AllSquare Wealth Management LLC’s portfolio, making the stock its 17th largest position. AllSquare Wealth Management LLC’s holdings in Main Street Capital were worth $806,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. HL Financial Services LLC boosted its stake in shares of Main Street Capital by 5.8% in the first quarter. HL Financial Services LLC now owns 35,466 shares of the financial services provider’s stock worth $1,357,000 after buying an additional 1,936 shares during the period. Segment Wealth Management LLC boosted its stake in Main Street Capital by 84.1% in the first quarter. Segment Wealth Management LLC now owns 33,614 shares of the financial services provider’s stock worth $1,286,000 after buying an additional 15,360 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Main Street Capital by 54.8% in the first quarter. Ameriprise Financial Inc. now owns 27,523 shares of the financial services provider’s stock worth $1,054,000 after buying an additional 9,739 shares during the last quarter. Texas Yale Capital Corp. boosted its stake in Main Street Capital by 9.0% in the first quarter. Texas Yale Capital Corp. now owns 63,648 shares of the financial services provider’s stock worth $2,436,000 after buying an additional 5,245 shares during the last quarter. Finally, US Bancorp DE boosted its stake in Main Street Capital by 20.7% in the first quarter. US Bancorp DE now owns 3,207 shares of the financial services provider’s stock worth $123,000 after buying an additional 549 shares during the last quarter. 25.83% of the stock is owned by hedge funds and other institutional investors.

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

Main Street Capital Co. (NYSE:MAIN) traded up 0.24% during mid-day trading on Friday, hitting $38.17. The stock had a trading volume of 289,654 shares. The company has a 50-day moving average of $39.00 and a 200-day moving average of $37.17. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 13.22 and a beta of 1.10. Main Street Capital Co. has a 12-month low of $31.42 and a 12-month high of $40.86.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings data on Thursday, May 4th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.56. The business had revenue of $47.90 million during the quarter, compared to the consensus estimate of $47.24 million. Main Street Capital had a return on equity of 10.38% and a net margin of 56.26%. The business’s revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 earnings per share. On average, analysts anticipate that Main Street Capital Co. will post $2.24 earnings per share for the current fiscal year.

The company also recently announced a monthly dividend, which will be paid on Friday, September 15th. Shareholders of record on Monday, August 21st will be given a $0.185 dividend. The ex-dividend date is Thursday, August 17th. This represents a $2.22 dividend on an annualized basis and a yield of 5.83%. Main Street Capital’s dividend payout ratio (DPR) is 116.84%.

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MAIN has been the subject of a number of recent research reports. Vetr raised Main Street Capital from a “hold” rating to a “buy” rating and set a $40.88 price objective for the company in a research report on Tuesday, April 11th. FBR & Co cut Main Street Capital from an “outperform” rating to a “mkt perform” rating and set a $37.00 price objective for the company. in a research report on Friday, January 20th. Zacks Investment Research cut Main Street Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, May 10th. Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Main Street Capital in a research report on Wednesday, May 10th. Finally, Citigroup Inc cut Main Street Capital from a “market perform” rating to an “underperform” rating in a research report on Wednesday, May 10th. They noted that the move was a valuation call. Four analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $38.13.

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.

12 Month Chart for NYSE:MAIN

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).

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