20,746 Shares in Main Street Capital Co. (NYSE:MAIN) Acquired by Quantbot Technologies LP

Quantbot Technologies LP bought a new stake in Main Street Capital Co. (NYSE:MAIN) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,746 shares of the financial services provider’s stock, valued at approximately $1,040,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MAIN. Marietta Wealth Management LLC acquired a new stake in shares of Main Street Capital during the 2nd quarter valued at $581,000. Cetera Advisors LLC boosted its stake in shares of Main Street Capital by 49.0% during the first quarter. Cetera Advisors LLC now owns 34,878 shares of the financial services provider’s stock valued at $1,650,000 after purchasing an additional 11,464 shares in the last quarter. Susquehanna Fundamental Investments LLC boosted its stake 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 purchasing an additional 23,970 shares in the last quarter. Cetera Investment Advisers bought a new stake in shares of Main Street Capital during the first quarter worth about $2,669,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Main Street Capital by 9.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 209,924 shares of the financial services provider’s stock valued at $10,526,000 after buying an additional 18,059 shares during the period. Institutional investors own 20.31% of the company’s stock.

Main Street Capital Trading Up 0.9 %

MAIN opened at $55.47 on Friday. Main Street Capital Co. has a twelve month low of $41.25 and a twelve month high of $55.85. The company has a fifty day moving average of $51.78 and a 200-day moving average of $50.41. The stock has a market cap of $4.89 billion, a PE ratio of 10.05 and a beta of 1.29. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.13.

Main Street Capital Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 20th will be given a $0.30 dividend. The ex-dividend date is Friday, December 20th. Main Street Capital’s dividend payout ratio (DPR) is presently 53.26%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on MAIN shares. Royal Bank of Canada reissued an “outperform” rating and set a $52.00 target price on shares of Main Street Capital in a report on Wednesday, August 14th. B. Riley increased their price objective on Main Street Capital from $49.00 to $51.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Finally, Oppenheimer lifted their target price on Main Street Capital from $43.00 to $44.00 and gave the stock a “market perform” rating in a report on Tuesday, August 13th. Four investment 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.com, the company presently has a consensus rating of “Hold” and an average price target 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.