Truvestments Capital LLC Invests $39,000 in Main Street Capital Co. (NYSE:MAIN)

Truvestments Capital LLC acquired a new position in shares of Main Street Capital Co. (NYSE:MAIN) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 772 shares of the financial services provider’s stock, valued at approximately $39,000.

Other institutional investors also recently modified their holdings of the company. Godsey & Gibb Inc. acquired a new stake in Main Street Capital in the 3rd quarter valued at $28,000. Triad Wealth Partners LLC bought a new position in shares of Main Street Capital in the second quarter valued at approximately $38,000. Optimum Investment Advisors boosted its holdings in shares of Main Street Capital by 100.0% in the 2nd quarter. Optimum Investment Advisors now owns 1,000 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 500 shares in the last quarter. Prospera Private Wealth LLC bought a new stake in Main Street Capital during the 3rd quarter worth approximately $50,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Main Street Capital by 59.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,089 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 405 shares in the last quarter. Institutional investors and hedge funds own 20.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. B. Riley boosted their price objective on Main Street Capital from $49.00 to $51.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Oppenheimer increased their target price on Main Street Capital from $43.00 to $44.00 and gave the stock a “market perform” rating in a report on Tuesday, August 13th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $52.00 target price on shares of Main Street Capital in a report on Wednesday, August 14th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $48.80.

Main Street Capital Price Performance

Main Street Capital stock opened at $55.00 on Thursday. The business’s 50-day simple moving average is $51.58 and its 200 day simple moving average is $50.33. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of 9.96 and a beta of 1.29. Main Street Capital Co. has a 12-month low of $41.18 and a 12-month high of $55.19. 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 declared a dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 20th will be issued a $0.30 dividend. The ex-dividend date is Friday, December 20th. Main Street Capital’s dividend payout ratio is 53.26%.

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.