Virtus ETF Advisers LLC acquired a new position in shares of Main Street Capital Co. (NYSE:MAIN) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 62,658 shares of the financial services provider’s stock, valued at approximately $2,576,000. Virtus ETF Advisers LLC owned about 0.10% of Main Street Capital at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Marshall Wace North America L.P. acquired a new position in Main Street Capital in the 1st quarter valued at about $30,000. Bartlett & Co. LLC acquired a new position in shares of Main Street Capital during the second quarter worth about $41,000. Redhawk Wealth Advisors Inc. acquired a new position in shares of Main Street Capital during the second quarter worth about $86,000. Parkside Financial Bank & Trust grew its position in shares of Main Street Capital by 300,000.0% during the second quarter. Parkside Financial Bank & Trust now owns 3,001 shares of the financial services provider’s stock worth $123,000 after buying an additional 3,000 shares in the last quarter. Finally, Stelac Advisory Services LLC acquired a new position in shares of Main Street Capital during the second quarter worth about $138,000. 22.42% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have weighed in on the company. Zacks Investment Research lowered Main Street Capital from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. B. Riley set a $43.00 price objective on Main Street Capital and gave the company a “buy” rating in a research note on Tuesday, August 20th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $40.80.

NYSE:MAIN traded up $0.12 during trading hours on Friday, reaching $43.30. 10,955 shares of the stock were exchanged, compared to its average volume of 226,727. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.21. The firm has a 50 day simple moving average of $42.81 and a 200-day simple moving average of $40.45. Main Street Capital Co. has a 52 week low of $31.95 and a 52 week high of $44.30. The stock has a market capitalization of $2.73 billion, a P/E ratio of 16.73 and a beta of 0.82.

Main Street Capital (NYSE:MAIN) last announced its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.01. The business had revenue of $61.30 million for the quarter, compared to the consensus estimate of $61.33 million. Main Street Capital had a return on equity of 10.57% and a net margin of 65.74%. The business’s revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the business posted $0.66 EPS. As a group, analysts expect that Main Street Capital Co. will post 2.54 earnings per share for the current year.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Investors of record on Thursday, September 19th will be given a dividend of $0.205 per share. This represents a $2.46 dividend on an annualized basis and a dividend yield of 5.68%. The ex-dividend date is Wednesday, September 18th. Main Street Capital’s payout ratio is 94.62%.

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

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