Main Street Capital Co. (NYSE:MAIN) Stake Raised by Dearborn Partners LLC

Dearborn Partners LLC grew its holdings in shares of Main Street Capital Co. (NYSE:MAIN) by 3.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,267 shares of the financial services provider’s stock after purchasing an additional 1,036 shares during the period. Dearborn Partners LLC’s holdings in Main Street Capital were worth $1,768,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in MAIN. Godsey & Gibb Inc. acquired a new position in Main Street Capital in the third quarter worth approximately $28,000. Triad Wealth Partners LLC acquired a new position in shares of Main Street Capital in the 2nd quarter worth $38,000. Optimum Investment Advisors raised its position in shares of 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 worth $50,000 after purchasing an additional 500 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Main Street Capital by 59.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,089 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 405 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of Main Street Capital in the 2nd quarter valued at $79,000. Institutional investors and hedge funds own 20.31% of the company’s stock.

Analysts Set New Price Targets

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

Main Street Capital Stock Performance

MAIN stock opened at $52.16 on Friday. The stock has a market cap of $4.60 billion, a P/E ratio of 9.45 and a beta of 1.29. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.07 and a current ratio of 0.08. The firm has a 50 day simple moving average of $50.77 and a 200 day simple moving average of $50.11. Main Street Capital Co. has a 52 week low of $40.51 and a 52 week high of $52.89.

Main Street Capital Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, March 7th will be paid a $0.25 dividend. The ex-dividend date is Friday, March 7th. This is an increase from Main Street Capital’s previous monthly dividend of $0.25. This represents a $3.00 dividend on an annualized basis and a dividend yield of 5.75%. Main Street Capital’s dividend payout ratio is 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.