Main Street Capital Co. (NYSE:MAIN) Shares Bought by Arkadios Wealth Advisors

Arkadios Wealth Advisors increased its stake in Main Street Capital Co. (NYSE:MAIN) by 1.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,678 shares of the financial services provider’s stock after purchasing an additional 462 shares during the period. Arkadios Wealth Advisors’ holdings in Main Street Capital were worth $1,797,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of MAIN. Benjamin Edwards Inc. boosted its stake in Main Street Capital by 971.3% in the 3rd quarter. Benjamin Edwards Inc. now owns 141,165 shares of the financial services provider’s stock worth $7,078,000 after purchasing an additional 127,988 shares in the last quarter. Joel Isaacson & Co. LLC boosted its stake in Main Street Capital by 3,098.3% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 127,996 shares of the financial services provider’s stock worth $6,418,000 after purchasing an additional 123,994 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Main Street Capital by 7,077.4% during the 3rd quarter. International Assets Investment Management LLC now owns 112,182 shares of the financial services provider’s stock valued at $5,625,000 after acquiring an additional 110,619 shares during the period. Van ECK Associates Corp lifted its stake in Main Street Capital by 3.9% during the 3rd quarter. Van ECK Associates Corp now owns 1,195,476 shares of the financial services provider’s stock valued at $61,758,000 after acquiring an additional 45,381 shares during the period. Finally, Atom Investors LP acquired a new stake in Main Street Capital during the 3rd quarter valued at approximately $2,233,000. 20.31% of the stock is currently owned by institutional investors and hedge funds.

Main Street Capital Stock Performance

Shares of NYSE MAIN opened at $60.03 on Friday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of 10.88 and a beta of 1.28. The company has a 50 day simple moving average of $56.03 and a two-hundred day simple moving average of $52.36. Main Street Capital Co. has a 12 month low of $43.52 and a 12 month high of $60.87.

Main Street Capital Announces Dividend

The company also recently announced 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. This represents a $3.60 annualized dividend and a dividend yield of 6.00%. The ex-dividend date of this dividend is Friday, February 7th. Main Street Capital’s dividend payout ratio (DPR) is 54.35%.

Wall Street Analyst Weigh In

Separately, B. Riley lifted 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 note on Monday, November 11th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Main Street Capital has an average rating of “Hold” and an average target price 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.