CAP Partners LLC Purchases 258 Shares of Main Street Capital Co. (NYSE:MAIN)

CAP Partners LLC raised its stake in shares of Main Street Capital Co. (NYSE:MAIN) by 6.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,290 shares of the financial services provider’s stock after purchasing an additional 258 shares during the quarter. CAP Partners LLC’s holdings in Main Street Capital were worth $215,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Godsey & Gibb Inc. purchased a new stake in Main Street Capital in the third quarter valued at approximately $28,000. Triad Wealth Partners LLC acquired a new stake in Main Street Capital during the 2nd quarter valued at approximately $38,000. Optimum Investment Advisors boosted its holdings in shares of 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 valued at $50,000 after acquiring an additional 500 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Main Street Capital by 59.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,089 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 405 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in shares of Main Street Capital during the second quarter worth $79,000. 20.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Oppenheimer upped their price target on shares of Main Street Capital from $43.00 to $44.00 and gave the company a “market perform” rating in a report on Tuesday, August 13th. Royal Bank of Canada restated an “outperform” rating and issued a $52.00 target price on shares of Main Street Capital in a research note on Wednesday, August 14th. Finally, B. Riley raised their target price 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, the company currently has a consensus rating of “Hold” and a consensus price target of $48.80.

Main Street Capital Stock Down 0.1 %

MAIN opened at $52.10 on Monday. The company has a fifty day moving average of $50.90 and a two-hundred day moving average of $50.14. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.07 and a current ratio of 0.08. Main Street Capital Co. has a fifty-two week low of $40.54 and a fifty-two week high of $52.89. The stock has a market capitalization of $4.59 billion, a price-to-earnings ratio of 9.45 and a beta of 1.29.

Main Street Capital Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, March 7th will be paid a $0.25 dividend. This represents a $3.00 annualized dividend and a dividend yield of 5.76%. The ex-dividend date is Friday, March 7th. This is a positive change from Main Street Capital’s previous monthly dividend of $0.25. Main Street Capital’s payout ratio is currently 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.