Fox Run Management L.L.C. raised its position in Main Street Capital Co. (NYSE:MAIN – Free Report) by 12.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,983 shares of the financial services provider’s stock after buying an additional 1,553 shares during the quarter. Fox Run Management L.L.C.’s holdings in Main Street Capital were worth $568,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its stake in Main Street Capital by 2.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,425,606 shares of the financial services provider’s stock valued at $135,175,000 after buying an additional 72,880 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Main Street Capital by 7.7% during the second quarter. Van ECK Associates Corp now owns 716,261 shares of the financial services provider’s stock worth $28,672,000 after purchasing an additional 51,189 shares during the last quarter. Morgan Stanley raised its stake in shares of Main Street Capital by 0.8% during the fourth quarter. Morgan Stanley now owns 702,270 shares of the financial services provider’s stock worth $25,949,000 after purchasing an additional 5,805 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Main Street Capital by 8.0% during the fourth quarter. Legal & General Group Plc now owns 500,913 shares of the financial services provider’s stock worth $18,514,000 after purchasing an additional 37,161 shares during the last quarter. Finally, LPL Financial LLC raised its stake in shares of Main Street Capital by 7.4% during the second quarter. LPL Financial LLC now owns 244,004 shares of the financial services provider’s stock worth $9,767,000 after purchasing an additional 16,713 shares during the last quarter. Hedge funds and other institutional investors own 20.20% of the company’s stock.
Main Street Capital Stock Up 1.0 %
Main Street Capital stock opened at $45.98 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 9.31 and a beta of 1.30. Main Street Capital Co. has a fifty-two week low of $36.48 and a fifty-two week high of $45.98. The stock’s fifty day moving average is $43.17 and its two-hundred day moving average is $41.42.
Main Street Capital Cuts Dividend
The company also recently announced a dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 8th were issued a $0.235 dividend. This represents a yield of 6.91%. The ex-dividend date of this dividend was Tuesday, November 7th. Main Street Capital’s dividend payout ratio (DPR) is 58.30%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the company. Royal Bank of Canada upped their price target on Main Street Capital from $46.00 to $48.00 and gave the stock an “outperform” rating in a research note on Monday, January 22nd. StockNews.com assumed coverage on Main Street Capital in a research note on Thursday, October 5th. They set a “hold” rating for the company. Finally, B. Riley cut Main Street Capital from a “buy” rating to a “neutral” rating and set a $47.00 price target for the company. in a research note on Monday, January 8th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $44.80.
Main Street Capital Profile
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.
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