Main Street Capital Co. (NYSE:MAIN) Position Decreased by Capital Investment Advisors LLC

Capital Investment Advisors LLC reduced its holdings in Main Street Capital Co. (NYSE:MAIN) by 4.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,107 shares of the financial services provider’s stock after selling 2,501 shares during the quarter. Capital Investment Advisors LLC’s holdings in Main Street Capital were worth $2,935,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Van ECK Associates Corp lifted its stake in Main Street Capital by 3.9% during the third quarter. Van ECK Associates Corp now owns 1,195,476 shares of the financial services provider’s stock valued at $61,758,000 after buying an additional 45,381 shares in the last quarter. Burgundy Asset Management Ltd. lifted its position in shares of Main Street Capital by 1.6% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,106,782 shares of the financial services provider’s stock valued at $55,881,000 after acquiring an additional 17,623 shares in the last quarter. Adell Harriman & Carpenter Inc. boosted its stake in Main Street Capital by 3.5% in the 3rd quarter. Adell Harriman & Carpenter Inc. now owns 419,255 shares of the financial services provider’s stock worth $21,021,000 after purchasing an additional 14,045 shares during the period. Franklin Resources Inc. grew its position in Main Street Capital by 19.3% during the 3rd quarter. Franklin Resources Inc. now owns 217,461 shares of the financial services provider’s stock worth $11,119,000 after purchasing an additional 35,227 shares in the last quarter. Finally, Muzinich & Co. Inc. raised its stake in Main Street Capital by 9.3% during the 3rd quarter. Muzinich & Co. Inc. now owns 212,384 shares of the financial services provider’s stock valued at $10,649,000 after purchasing an additional 18,059 shares during the period. 20.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, B. Riley raised their target price on Main Street Capital from $49.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $48.80.

Main Street Capital Stock Up 0.4 %

MAIN stock opened at $57.96 on Tuesday. The company has a 50 day moving average of $55.38 and a two-hundred day moving average of $52.12. The company has a market cap of $5.11 billion, a price-to-earnings ratio of 10.50 and a beta of 1.28. Main Street Capital Co. has a 12-month low of $43.26 and a 12-month high of $60.19. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.13.

Main Street Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $3.60 dividend on an annualized basis and a yield of 6.21%. Main Street Capital’s payout ratio is 54.35%.

About Main Street Capital

Main Street Capital Corporation is a business development company specializes in equity capital to lower middle market companies. The firm specializing in recapitalizations, management buyouts, refinancing, family estate planning, management buyouts, refinancing, industry consolidation, mature, later stage emerging growth.