Main Street Capital Co. (NYSE:MAIN) Shares Purchased by RMR Wealth Builders

RMR Wealth Builders boosted its position in shares of Main Street Capital Co. (NYSE:MAIN) by 6.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,140 shares of the financial services provider’s stock after purchasing an additional 832 shares during the period. RMR Wealth Builders’ holdings in Main Street Capital were worth $828,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Godsey & Gibb Inc. bought a new stake in shares of Main Street Capital in the 3rd quarter worth about $28,000. Truvestments Capital LLC acquired a new position in Main Street Capital in the third quarter worth $39,000. Prospera Private Wealth LLC bought a new stake in Main Street Capital during the third quarter valued at $50,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Main Street Capital during the third quarter worth $50,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Main Street Capital by 59.2% in the 2nd 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 last quarter. Institutional investors and hedge funds own 20.31% of the company’s stock.

Main Street Capital Stock Performance

Shares of MAIN opened at $59.20 on Thursday. 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 $43.26 and a 1 year high of $60.19. The firm has a fifty day moving average of $55.70 and a 200-day moving average of $52.23. The company has a market cap of $5.22 billion, a price-to-earnings ratio of 10.72 and a beta of 1.28.

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 issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 6.08%. Main Street Capital’s dividend payout ratio (DPR) is presently 54.35%.

Wall Street Analyst Weigh In

Separately, B. Riley boosted their price objective on shares of 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 research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company 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.