Main Street Capital Co. (NYSE:MAIN) Shares Acquired by MGB Wealth Management LLC

MGB Wealth Management LLC lifted its position in shares of Main Street Capital Co. (NYSE:MAIN) by 2.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,859 shares of the financial services provider’s stock after purchasing an additional 1,150 shares during the period. Main Street Capital comprises about 0.8% of MGB Wealth Management LLC’s holdings, making the stock its 27th largest position. MGB Wealth Management LLC’s holdings in Main Street Capital were worth $2,149,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Advisors Asset Management Inc. increased its position in shares of Main Street Capital by 42.9% during the third quarter. Advisors Asset Management Inc. now owns 60,548 shares of the financial services provider’s stock worth $3,036,000 after purchasing an additional 18,188 shares in the last quarter. Prospera Private Wealth LLC acquired a new stake in shares of Main Street Capital during the third quarter worth about $50,000. Prospera Financial Services Inc increased its position in shares of Main Street Capital by 1.4% during the third quarter. Prospera Financial Services Inc now owns 46,873 shares of the financial services provider’s stock worth $2,352,000 after purchasing an additional 631 shares in the last quarter. Vertex Planning Partners LLC acquired a new stake in shares of Main Street Capital during the third quarter worth about $261,000. Finally, CAP Partners LLC increased its position in shares of Main Street Capital by 6.4% during the third quarter. CAP Partners LLC now owns 4,290 shares of the financial services provider’s stock worth $215,000 after purchasing an additional 258 shares in the last quarter. Institutional investors and hedge funds own 20.31% of the company’s stock.

Main Street Capital Stock Performance

NYSE MAIN opened at $53.97 on Friday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average is $51.30 and its two-hundred day moving average is $50.24. Main Street Capital Co. has a 12-month low of $41.18 and a 12-month high of $53.98. The stock has a market capitalization of $4.76 billion, a price-to-earnings ratio of 9.78 and a beta of 1.29.

Main Street Capital Announces Dividend

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

Analyst Ratings Changes

MAIN has been the topic of several recent research reports. Oppenheimer boosted their price target on Main Street Capital from $43.00 to $44.00 and gave the company a “market perform” rating in a research report on Tuesday, August 13th. B. Riley boosted their price target on Main Street Capital from $49.00 to $51.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $52.00 price target on shares of Main Street Capital in a research report on Wednesday, August 14th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $48.80.

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.