Main Street Capital Co. (NYSE:MAIN) Shares Bought by RMR Wealth Builders

RMR Wealth Builders lifted its stake in shares of Main Street Capital Co. (NYSE:MAIN) by 6.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,140 shares of the financial services provider’s stock after purchasing an additional 832 shares during the quarter. RMR Wealth Builders’ holdings in Main Street Capital were worth $828,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Innova Wealth Partners bought a new stake in shares of Main Street Capital during the 4th quarter worth about $497,000. Franklin Resources Inc. raised its stake in shares of Main Street Capital by 19.3% in the 3rd quarter. Franklin Resources Inc. now owns 217,461 shares of the financial services provider’s stock worth $11,119,000 after buying an additional 35,227 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Main Street Capital in the third quarter valued at $50,000. Sanctuary Advisors LLC boosted its stake in Main Street Capital by 9.5% during the third quarter. Sanctuary Advisors LLC now owns 15,650 shares of the financial services provider’s stock valued at $845,000 after buying an additional 1,356 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its position in Main Street Capital by 7.0% in the third quarter. Sunbelt Securities Inc. now owns 3,509 shares of the financial services provider’s stock worth $176,000 after acquiring an additional 229 shares in the last quarter. Institutional investors and hedge funds own 20.31% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Main Street Capital Trading Down 0.8 %

MAIN traded down $0.47 during trading on Friday, reaching $57.71. The company had a trading volume of 456,355 shares, compared to its average volume of 609,945. The firm’s 50-day simple moving average is $55.08 and its 200 day simple moving average is $51.98. The company has a market cap of $5.09 billion, a price-to-earnings ratio of 10.45 and a beta of 1.28. Main Street Capital Co. has a 12-month low of $42.68 and a 12-month high of $60.19. 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 disclosed a monthly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be paid a $0.30 dividend. This represents a $3.60 annualized dividend and a yield of 6.24%. The ex-dividend date is Friday, February 7th. Main Street Capital’s dividend payout ratio is currently 54.35%.

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.