Prospera Private Wealth LLC Buys Shares of 1,000 Main Street Capital Co. (NYSE:MAIN)

Prospera Private Wealth LLC purchased a new position in Main Street Capital Co. (NYSE:MAIN) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,000 shares of the financial services provider’s stock, valued at approximately $50,000.

Other large investors have also added to or reduced their stakes in the company. Godsey & Gibb Inc. purchased a new stake in Main Street Capital during the third quarter valued at approximately $28,000. Triad Wealth Partners LLC purchased a new position in shares of Main Street Capital in the second quarter valued at about $38,000. Optimum Investment Advisors boosted its stake in Main Street Capital by 100.0% in the 2nd quarter. Optimum Investment Advisors now owns 1,000 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 500 shares during the period. 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 valued at $55,000 after acquiring an additional 405 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of Main Street Capital during the second quarter valued at about $79,000. Institutional investors own 20.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Oppenheimer boosted 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 report on Tuesday, August 13th. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price objective on shares of Main Street Capital in a research report on Wednesday, August 14th. Finally, B. Riley increased their target price 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 research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Main Street Capital has an average rating of “Hold” and an average target price of $48.80.

Main Street Capital Price Performance

Shares of Main Street Capital stock opened at $53.18 on Friday. Main Street Capital Co. has a 12 month low of $41.00 and a 12 month high of $53.49. 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 stock has a market capitalization of $4.69 billion, a P/E ratio of 9.63 and a beta of 1.29. The business has a 50 day simple moving average of $51.14 and a two-hundred day simple moving average of $50.20.

Main Street Capital Announces Dividend

The company also recently disclosed 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 is Friday, December 20th. Main Street Capital’s dividend payout ratio is currently 53.26%.

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.