UBS Group AG Sells 14,662 Shares of Main Street Capital Co. (NYSE:MAIN)

UBS Group AG decreased its holdings in shares of Main Street Capital Co. (NYSE:MAIN – Get Rating) by 15.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 82,507 shares of the financial services provider’s stock after selling 14,662 shares during the period. UBS Group AG owned approximately 0.11% of Main Street Capital worth $2,776,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD raised its position in shares of Main Street Capital by 250.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,501,374 shares of the financial services provider’s stock valued at $96,378,000 after acquiring an additional 1,788,197 shares during the last quarter. Burgundy Asset Management Ltd. raised its position in shares of Main Street Capital by 3.0% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,730,667 shares of the financial services provider’s stock valued at $66,683,000 after acquiring an additional 50,701 shares during the last quarter. Legal & General Group Plc raised its position in shares of Main Street Capital by 11.2% during the 2nd quarter. Legal & General Group Plc now owns 426,724 shares of the financial services provider’s stock valued at $16,465,000 after acquiring an additional 43,111 shares during the last quarter. Sound Income Strategies LLC raised its position in shares of Main Street Capital by 0.6% during the 3rd quarter. Sound Income Strategies LLC now owns 379,560 shares of the financial services provider’s stock valued at $12,768,000 after acquiring an additional 2,282 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in shares of Main Street Capital by 3.1% in the 2nd quarter. LPL Financial LLC now owns 182,143 shares of the financial services provider’s stock valued at $7,018,000 after buying an additional 5,520 shares during the period. Institutional investors own 18.79% of the company’s stock.

Wall Street Analysts Forecast Growth

MAIN has been the subject of several research analyst reports. Royal Bank of Canada decreased their price target on shares of Main Street Capital from $47.00 to $46.00 and set an “outperform” rating for the company in a report on Wednesday, November 9th. UBS Group initiated coverage on shares of Main Street Capital in a research note on Monday, December 19th. They issued a “neutral” rating and a $40.00 target price for the company. Oppenheimer upped their target price on shares of Main Street Capital from $39.00 to $41.00 and gave the stock a “market perform” rating in a research note on Monday, February 27th. TheStreet upgraded shares of Main Street Capital from a “c+” rating to a “b-” rating in a research note on Monday, February 6th. Finally, StockNews.com upgraded shares of Main Street Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, January 10th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $42.50.

Main Street Capital Stock Up 0.3 %

Shares of MAIN stock opened at $42.27 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.07 and a current ratio of 0.07. The firm’s 50-day moving average is $39.13 and its 200-day moving average is $38.16. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of 13.13 and a beta of 1.31. Main Street Capital Co. has a 52-week low of $31.66 and a 52-week high of $45.67.

Main Street Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 8th will be issued a $0.225 dividend. The ex-dividend date is Wednesday, June 7th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 6.39%. Main Street Capital’s payout ratio is 83.85%.

Main Street Capital Company Profile

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Main Street Capital is a principal investment firm that provides long-term debt and equity capital to lower middle market companies. Main Street’s investments are primarily made to support management buyouts, recapitalizations, growth financings and acquisitions of companies that operate in diverse industry sectors and generally have annual revenues ranging from $10 million to $100 million.