Atom Investors LP Makes New $2.23 Million Investment in Main Street Capital Co. (NYSE:MAIN)

Atom Investors LP bought a new position in Main Street Capital Co. (NYSE:MAIN) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 44,532 shares of the financial services provider’s stock, valued at approximately $2,233,000. Atom Investors LP owned 0.05% of Main Street Capital at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in MAIN. Virtu Financial LLC acquired a new stake in shares of Main Street Capital in the first quarter worth $234,000. Cetera Investment Advisers acquired a new stake in Main Street Capital during the 1st quarter worth about $2,669,000. Cetera Advisors LLC boosted its position in Main Street Capital by 49.0% during the 1st quarter. Cetera Advisors LLC now owns 34,878 shares of the financial services provider’s stock worth $1,650,000 after acquiring an additional 11,464 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Main Street Capital during the 2nd quarter valued at about $80,000. Finally, CWM LLC lifted its position in shares of Main Street Capital by 700.0% in the second quarter. CWM LLC now owns 5,640 shares of the financial services provider’s stock worth $285,000 after purchasing an additional 4,935 shares in the last quarter. 20.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. B. Riley boosted their price objective 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. Oppenheimer boosted their price target on shares of Main Street Capital from $43.00 to $44.00 and gave the company a “market perform” rating in a report on Tuesday, August 13th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 price objective on shares of Main Street Capital in a report on Wednesday, August 14th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $48.80.

Main Street Capital Stock Performance

MAIN stock opened at $55.35 on Tuesday. The firm has a 50 day moving average of $51.89 and a two-hundred day moving average of $50.47. Main Street Capital Co. has a 12 month low of $41.31 and a 12 month high of $55.85. The company has a market capitalization of $4.88 billion, a price-to-earnings ratio of 10.03 and a beta of 1.30. 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 Announces Dividend

The firm also recently disclosed 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 presently 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.