Main Street Capital Co. (NYSE:MAIN) Shares Sold by Capital Investment Advisors LLC

Capital Investment Advisors LLC reduced its stake in shares of Main Street Capital Co. (NYSE:MAIN) by 4.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,107 shares of the financial services provider’s stock after selling 2,501 shares during the period. Capital Investment Advisors LLC owned 0.06% of Main Street Capital worth $2,935,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Godsey & Gibb Inc. purchased a new position in shares of Main Street Capital in the 3rd quarter worth about $28,000. Truvestments Capital LLC acquired a new stake in Main Street Capital during the 3rd quarter worth approximately $39,000. Prospera Private Wealth LLC purchased a new position in Main Street Capital in the third quarter valued at approximately $50,000. Wilmington Savings Fund Society FSB acquired a new position in Main Street Capital during the third quarter valued at approximately $50,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in 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 worth $55,000 after buying an additional 405 shares during the period. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Main Street Capital Price Performance

Shares of MAIN opened at $57.96 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08. The company has a market cap of $5.11 billion, a P/E ratio of 10.50 and a beta of 1.28. Main Street Capital Co. has a 12 month low of $43.26 and a 12 month high of $60.19. The stock has a fifty day moving average price of $55.38 and a 200 day moving average price of $52.12.

Main Street Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $3.60 annualized dividend and a dividend yield of 6.21%. Main Street Capital’s payout ratio is 54.35%.

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 report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average 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.