Advisors Asset Management Inc. Acquires 18,188 Shares of Main Street Capital Co. (NYSE:MAIN)

Advisors Asset Management Inc. increased its holdings in Main Street Capital Co. (NYSE:MAIN) by 42.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,548 shares of the financial services provider’s stock after acquiring an additional 18,188 shares during the quarter. Advisors Asset Management Inc. owned about 0.07% of Main Street Capital worth $3,036,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of MAIN. Godsey & Gibb Inc. purchased a new position in shares of Main Street Capital during the third quarter valued at approximately $28,000. Triad Wealth Partners LLC purchased a new position in Main Street Capital during the second quarter valued at $38,000. Optimum Investment Advisors raised its stake in 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 valued at $50,000 after buying an additional 500 shares during the last quarter. Prospera Private Wealth LLC purchased a new stake in shares of Main Street Capital in the third quarter worth $50,000. Finally, Northwestern Mutual Wealth Management Co. increased 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 acquiring an additional 405 shares in the last quarter. 20.31% of the stock is owned by hedge funds and other institutional investors.

Main Street Capital Price Performance

MAIN opened at $53.97 on Friday. The company’s 50-day simple moving average is $51.30 and its two-hundred day simple moving average is $50.24. Main Street Capital Co. has a 52-week low of $41.18 and a 52-week high of $53.98. The stock has a market capitalization of $4.76 billion, a P/E ratio of 9.78 and a beta of 1.29. 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 business also recently announced a dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 20th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, December 20th. Main Street Capital’s dividend payout ratio is currently 53.26%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on MAIN shares. Oppenheimer upped their price target on shares of Main Street Capital from $43.00 to $44.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 13th. B. Riley upped their target price 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. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $52.00 price target on shares of Main Street Capital in a research report on Wednesday, August 14th. Four 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 currently has a consensus rating of “Hold” and a consensus price target of $48.80.

Main Street Capital 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.