Sunbelt Securities Inc. Acquires 229 Shares of Main Street Capital Co. (NYSE:MAIN)

Sunbelt Securities Inc. boosted its stake in Main Street Capital Co. (NYSE:MAIN) by 7.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,509 shares of the financial services provider’s stock after purchasing an additional 229 shares during the quarter. Sunbelt Securities Inc.’s holdings in Main Street Capital were worth $176,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MAIN. Godsey & Gibb Inc. bought a new stake in shares of Main Street Capital during the 3rd quarter valued at about $28,000. Truvestments Capital LLC purchased a new stake in Main Street Capital in the third quarter worth about $39,000. Prospera Private Wealth LLC bought a new stake in Main Street Capital during the 3rd quarter valued at approximately $50,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of 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 worth $55,000 after acquiring an additional 405 shares during the period. Finally, International Assets Investment Management LLC bought a new position in Main Street Capital in the second quarter worth $79,000. 20.31% of the stock is owned by hedge funds and other institutional investors.

Main Street Capital Stock Performance

Main Street Capital stock opened at $55.63 on Friday. Main Street Capital Co. has a twelve month low of $42.53 and a twelve month high of $55.85. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $4.91 billion, a P/E ratio of 10.08 and a beta of 1.30. The stock’s 50 day moving average is $52.81 and its 200 day moving average is $50.89.

Main Street Capital Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 20th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, December 20th. Main Street Capital’s payout ratio is presently 53.26%.

Wall Street Analysts Forecast Growth

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

Main Street Capital Company 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.