8,485 Shares in Main Street Capital Co. (NYSE:MAIN) Bought by Innova Wealth Partners

Innova Wealth Partners acquired a new stake in Main Street Capital Co. (NYSE:MAIN) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,485 shares of the financial services provider’s stock, valued at approximately $497,000.

Several other hedge funds also recently added to or reduced their stakes in MAIN. Godsey & Gibb Inc. acquired a new stake in Main Street Capital during the 3rd quarter valued at $28,000. Truvestments Capital LLC purchased a new position in Main Street Capital in the 3rd quarter valued at about $39,000. Prospera Private Wealth LLC acquired a new stake in shares of Main Street Capital during the third quarter valued at about $50,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Main Street Capital during the third quarter worth about $50,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Main Street Capital by 59.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,089 shares of the financial services provider’s stock worth $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.

Wall Street Analyst Weigh In

Separately, 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. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $48.80.

Main Street Capital Price Performance

MAIN opened at $58.41 on Wednesday. The company has a market capitalization of $5.15 billion, a P/E ratio of 10.58 and a beta of 1.28. The company has a 50-day moving average of $54.67 and a 200-day moving average of $51.83. 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 Co. has a 1-year low of $42.68 and a 1-year high of $60.19.

Main Street Capital Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 20th were issued a $0.30 dividend. The ex-dividend date was Friday, December 20th. Main Street Capital’s dividend payout ratio is currently 54.35%.

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.