Main Street Capital Co. (NYSE:MAIN) Position Increased by Benjamin Edwards Inc.

Benjamin Edwards Inc. increased its position in shares of Main Street Capital Co. (NYSE:MAIN) by 971.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,165 shares of the financial services provider’s stock after acquiring an additional 127,988 shares during the period. Benjamin Edwards Inc.’s holdings in Main Street Capital were worth $7,078,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Godsey & Gibb Inc. purchased a new stake in shares of Main Street Capital during the third quarter worth $28,000. Triad Wealth Partners LLC bought a new position in Main Street Capital during the second quarter valued at about $38,000. Truvestments Capital LLC bought a new position in Main Street Capital during the third quarter valued at about $39,000. Optimum Investment Advisors raised its holdings in Main Street Capital by 100.0% during the second quarter. Optimum Investment Advisors now owns 1,000 shares of the financial services provider’s stock valued at $50,000 after buying an additional 500 shares in the last quarter. Finally, Prospera Private Wealth LLC bought a new position in Main Street Capital during the third quarter valued at about $50,000. 20.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on MAIN. B. Riley raised their target price on Main Street Capital from $49.00 to $51.00 and gave the company a “neutral” rating in a report on Monday, November 11th. 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. Finally, Oppenheimer raised their target price on Main Street Capital from $43.00 to $44.00 and gave the company a “market perform” rating in a report on Tuesday, August 13th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $48.80.

Main Street Capital Trading Down 0.2 %

Shares of NYSE:MAIN opened at $55.35 on Tuesday. The company has a market cap of $4.88 billion, a P/E ratio of 10.03 and a beta of 1.30. The stock’s 50-day moving average is $51.89 and its 200-day moving average is $50.47. Main Street Capital Co. has a 52-week low of $41.31 and a 52-week high of $55.85. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.08 and a current ratio of 0.08.

Main Street Capital Announces Dividend

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

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.