Newbridge Financial Services Group Inc. Increases Stake in Main Street Capital Co. (NYSE:MAIN)

Newbridge Financial Services Group Inc. raised its holdings in shares of Main Street Capital Co. (NYSE:MAIN) by 34.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,111 shares of the financial services provider’s stock after purchasing an additional 539 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Main Street Capital were worth $124,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Godsey & Gibb Inc. bought a new position in Main Street Capital in the third quarter worth approximately $28,000. Truvestments Capital LLC bought a new position in shares of Main Street Capital in the 3rd quarter worth $39,000. Prospera Private Wealth LLC purchased a new stake in shares of Main Street Capital during the 3rd quarter worth $50,000. Wilmington Savings Fund Society FSB bought a new stake in Main Street Capital during the third quarter valued at about $50,000. Finally, AdvisorNet Financial Inc boosted its holdings in shares of Main Street Capital by 145.8% in the 4th quarter. AdvisorNet Financial Inc now owns 1,229 shares of the financial services provider’s stock valued at $72,000 after buying an additional 729 shares in the last quarter. Institutional investors own 20.31% of the company’s stock.

Main Street Capital Stock Performance

Shares of Main Street Capital stock opened at $60.67 on Tuesday. The firm has a market capitalization of $5.35 billion, a P/E ratio of 10.99 and a beta of 1.28. Main Street Capital Co. has a 52 week low of $43.90 and a 52 week high of $62.19. 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 50 day moving average price of $58.33 and a 200 day moving average price of $53.41.

Main Street Capital Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 10th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a yield of 4.91%. Main Street Capital’s dividend payout ratio (DPR) is 54.35%.

Wall Street Analysts Forecast Growth

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

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.