Main Street Capital Co. (NYSE:MAIN) is Sanders Morris Harris LLC’s 8th Largest Position

Sanders Morris Harris LLC reduced its position in Main Street Capital Co. (NYSE:MAIN) by 1.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 205,797 shares of the financial services provider’s stock after selling 2,255 shares during the quarter. Main Street Capital comprises about 1.8% of Sanders Morris Harris LLC’s holdings, making the stock its 8th largest position. Sanders Morris Harris LLC’s holdings in Main Street Capital were worth $11,916,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in MAIN. Van ECK Associates Corp boosted its stake in shares of Main Street Capital by 3.9% in 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. boosted its position in shares of Main Street Capital by 1.6% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,106,782 shares of the financial services provider’s stock worth $55,881,000 after purchasing an additional 17,623 shares in the last quarter. Adell Harriman & Carpenter Inc. increased its holdings in shares of 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 valued at $21,021,000 after purchasing an additional 14,045 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Main Street Capital by 19.3% in the third quarter. Franklin Resources Inc. now owns 217,461 shares of the financial services provider’s stock valued at $11,119,000 after purchasing an additional 35,227 shares during the period. Finally, Muzinich & Co. Inc. grew its position in Main Street Capital by 9.3% during the third quarter. Muzinich & Co. Inc. now owns 212,384 shares of the financial services provider’s stock worth $10,649,000 after buying an additional 18,059 shares during the period. Institutional investors and hedge funds own 20.31% of the company’s stock.

Analyst Ratings Changes

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

Main Street Capital Stock Performance

NYSE:MAIN opened at $59.83 on Thursday. The firm’s fifty day simple moving average is $55.70 and its 200 day simple moving average is $52.23. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13. Main Street Capital Co. has a twelve month low of $43.48 and a twelve month high of $60.19. The firm has a market capitalization of $5.28 billion, a price-to-earnings ratio of 10.84 and a beta of 1.28.

Main Street Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, February 7th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 6.02%. Main Street Capital’s dividend payout ratio is currently 54.35%.

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.