B. Riley Wealth Advisors Inc. Decreases Stake in Main Street Capital Co. (NYSE:MAIN)

B. Riley Wealth Advisors Inc. decreased its holdings in Main Street Capital Co. (NYSE:MAIN) by 38.4% in the third quarter, Holdings Channel reports. The fund owned 33,852 shares of the financial services provider’s stock after selling 21,136 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Main Street Capital were worth $1,703,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. increased its position in Main Street Capital by 1.1% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 191,865 shares of the financial services provider’s stock worth $9,687,000 after purchasing an additional 2,103 shares during the last quarter. Raymond James & Associates raised its position in shares of Main Street Capital by 1.8% during the 2nd quarter. Raymond James & Associates now owns 47,854 shares of the financial services provider’s stock valued at $2,416,000 after buying an additional 826 shares during the period. Focus Financial Network Inc. lifted its holdings in Main Street Capital by 19.3% in the second quarter. Focus Financial Network Inc. now owns 22,897 shares of the financial services provider’s stock valued at $1,154,000 after acquiring an additional 3,703 shares during the last quarter. Atria Wealth Solutions Inc. grew its position in Main Street Capital by 40.4% in the second quarter. Atria Wealth Solutions Inc. now owns 40,896 shares of the financial services provider’s stock worth $2,065,000 after acquiring an additional 11,760 shares during the period. Finally, Raymond James Trust N.A. acquired a new stake in Main Street Capital during the second quarter worth $348,000. 20.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, B. Riley increased their price target on Main Street Capital from $49.00 to $51.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $48.80.

Main Street Capital Price Performance

Shares of MAIN opened at $55.34 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. Main Street Capital Co. has a 1-year low of $42.53 and a 1-year high of $55.85. The stock has a market cap of $4.88 billion, a PE ratio of 10.07 and a beta of 1.30. The firm has a fifty day moving average price of $52.81 and a 200 day moving average price of $50.91.

Main Street Capital Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 27th. Stockholders 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 payout ratio is 53.26%.

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.