RDA Financial Network Has $392,000 Stock Holdings in Main Street Capital Co. (NYSE:MAIN)

RDA Financial Network lowered its stake in shares of Main Street Capital Co. (NYSE:MAIN) by 10.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 6,697 shares of the financial services provider’s stock after selling 750 shares during the quarter. RDA Financial Network’s holdings in Main Street Capital were worth $392,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Franklin Resources Inc. grew its position in Main Street Capital by 19.3% in the 3rd quarter. Franklin Resources Inc. now owns 217,461 shares of the financial services provider’s stock valued at $11,119,000 after purchasing an additional 35,227 shares during the period. Susquehanna Fundamental Investments LLC grew its holdings in shares of Main Street Capital by 238.5% during the second quarter. Susquehanna Fundamental Investments LLC now owns 34,020 shares of the financial services provider’s stock valued at $1,718,000 after buying an additional 23,970 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Main Street Capital by 9.4% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 209,924 shares of the financial services provider’s stock worth $10,526,000 after acquiring an additional 18,059 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Main Street Capital by 188.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 20,176 shares of the financial services provider’s stock worth $1,012,000 after acquiring an additional 13,177 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in Main Street Capital in the 3rd quarter valued at about $1,029,000. Institutional investors own 20.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley boosted their price objective 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 investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Main Street Capital currently has an average rating of “Hold” and a consensus price target of $48.80.

Main Street Capital Stock Down 0.7 %

MAIN stock opened at $60.03 on Friday. The stock has a market cap of $5.29 billion, a P/E ratio of 10.88 and a beta of 1.28. 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’s fifty day simple moving average is $56.03 and its two-hundred day simple moving average is $52.35. Main Street Capital Co. has a 1-year low of $43.52 and a 1-year high of $60.87.

Main Street Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $3.60 annualized dividend and a yield of 6.00%. Main Street Capital’s payout ratio is currently 54.35%.

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.