Widmann Financial Services Inc. Purchases 202 Shares of Main Street Capital Co. (NYSE:MAIN)

Widmann Financial Services Inc. raised its position in shares of Main Street Capital Co. (NYSE:MAIN) by 0.9% in the third quarter, HoldingsChannel reports. The firm owned 22,990 shares of the financial services provider’s stock after buying an additional 202 shares during the quarter. Widmann Financial Services Inc.’s holdings in Main Street Capital were worth $1,153,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Godsey & Gibb Inc. bought a new stake in shares of Main Street Capital during the 3rd quarter valued at $28,000. Triad Wealth Partners LLC purchased a new stake in Main Street Capital during the 2nd quarter valued at approximately $38,000. Truvestments Capital LLC bought a new stake in shares of Main Street Capital during the third quarter valued at approximately $39,000. Optimum Investment Advisors lifted its holdings in shares of Main Street Capital by 100.0% in the second quarter. Optimum Investment Advisors now owns 1,000 shares of the financial services provider’s stock worth $50,000 after buying an additional 500 shares in the last quarter. Finally, Prospera Private Wealth LLC bought a new position in shares of Main Street Capital during the third quarter worth $50,000. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Wall Street Analyst Weigh In

MAIN has been the topic of a number of research reports. Oppenheimer lifted 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. B. Riley boosted their target price on Main Street Capital from $49.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 price objective on shares of Main Street Capital in a research note on Wednesday, August 14th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $48.80.

Main Street Capital Trading Up 0.9 %

Shares of NYSE MAIN opened at $55.49 on Friday. The business’s 50 day moving average is $51.78 and its two-hundred day moving average is $50.41. Main Street Capital Co. has a 1-year low of $41.25 and a 1-year high of $55.85. The stock has a market capitalization of $4.89 billion, a P/E ratio of 10.05 and a beta of 1.29. 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 Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, December 27th. Stockholders 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 (DPR) 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.