Nomura Asset Management Co. Ltd. Acquires 1,501 Shares of Main Street Capital Co. (NYSE:MAIN)

Nomura Asset Management Co. Ltd. grew its holdings in Main Street Capital Co. (NYSE:MAIN) by 149.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,508 shares of the financial services provider’s stock after purchasing an additional 1,501 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Main Street Capital were worth $126,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Godsey & Gibb Inc. purchased a new stake in Main Street Capital during the third quarter worth $28,000. Truvestments Capital LLC purchased a new stake in shares of Main Street Capital during the 3rd quarter worth $39,000. Prospera Private Wealth LLC bought a new stake in Main Street Capital during the third quarter valued at about $50,000. Northwestern Mutual Wealth Management Co. grew its stake in Main Street Capital by 59.2% in the second 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 during the last quarter. Finally, International Assets Investment Management LLC bought a new position in Main Street Capital in the second quarter worth about $79,000. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Main Street Capital Trading Up 0.4 %

Shares of NYSE:MAIN opened at $55.63 on Monday. The business’s 50-day moving average is $52.81 and its 200 day moving average is $50.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08. Main Street Capital Co. has a 1 year low of $42.53 and a 1 year high of $55.85. The firm has a market capitalization of $4.91 billion, a P/E ratio of 10.08 and a beta of 1.30.

Main Street Capital Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 20th will be paid a $0.30 dividend. The ex-dividend date is Friday, December 20th. Main Street Capital’s dividend payout ratio (DPR) is presently 53.26%.

Analysts Set New Price Targets

Separately, B. Riley raised their price target 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 equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $48.80.

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.