Cahill Financial Advisors Inc. Has $695,000 Stock Holdings in Main Street Capital Co. (NYSE:MAIN)

Cahill Financial Advisors Inc. lessened its stake in shares of Main Street Capital Co. (NYSE:MAIN) by 8.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 13,866 shares of the financial services provider’s stock after selling 1,278 shares during the period. Cahill Financial Advisors Inc.’s holdings in Main Street Capital were worth $695,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of MAIN. Marietta Wealth Management LLC acquired a new stake in Main Street Capital during the 2nd quarter worth approximately $581,000. Cetera Advisors LLC boosted its stake in Main Street Capital by 49.0% during the first quarter. Cetera Advisors LLC now owns 34,878 shares of the financial services provider’s stock worth $1,650,000 after acquiring an additional 11,464 shares in the last quarter. Susquehanna Fundamental Investments LLC grew its holdings in Main Street Capital by 238.5% in the second quarter. Susquehanna Fundamental Investments LLC now owns 34,020 shares of the financial services provider’s stock worth $1,718,000 after purchasing an additional 23,970 shares during the period. Cetera Investment Advisers bought a new stake in Main Street Capital in the first quarter valued at $2,669,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Main Street Capital by 9.4% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 209,924 shares of the financial services provider’s stock valued at $10,526,000 after purchasing an additional 18,059 shares during the period. 20.31% of the stock is currently owned by institutional investors and hedge funds.

Main Street Capital Price Performance

MAIN stock opened at $53.97 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.08 and a current ratio of 0.08. The business has a 50-day simple moving average of $51.30 and a two-hundred day simple moving average of $50.24. The company has a market capitalization of $4.76 billion, a P/E ratio of 9.78 and a beta of 1.29. Main Street Capital Co. has a 52-week low of $41.18 and a 52-week high of $53.98.

Main Street Capital Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 20th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, December 20th. Main Street Capital’s dividend payout ratio (DPR) is currently 53.26%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Oppenheimer raised their target price on Main Street Capital from $43.00 to $44.00 and gave the company a “market perform” rating in a research note on Tuesday, August 13th. B. Riley raised their price objective on Main Street Capital from $49.00 to $51.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 target price on shares of Main Street Capital in a research report on Wednesday, August 14th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Main Street Capital has an average rating of “Hold” and an average target price of $48.80.

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.