Larson Financial Group LLC Buys 1,931 Shares of Main Street Capital Co. (NYSE:MAIN)

Larson Financial Group LLC raised its stake in Main Street Capital Co. (NYSE:MAIN) by 4.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,968 shares of the financial services provider’s stock after acquiring an additional 1,931 shares during the period. Larson Financial Group LLC owned about 0.05% of Main Street Capital worth $2,255,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Van ECK Associates Corp boosted its stake in Main Street Capital by 14.0% in the second quarter. Van ECK Associates Corp now owns 1,150,095 shares of the financial services provider’s stock worth $58,069,000 after purchasing an additional 141,312 shares in the last quarter. Joel Isaacson & Co. LLC boosted its stake in Main Street Capital by 3,098.3% in the third quarter. Joel Isaacson & Co. LLC now owns 127,996 shares of the financial services provider’s stock worth $6,418,000 after purchasing an additional 123,994 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Main Street Capital by 7,077.4% in the third quarter. International Assets Investment Management LLC now owns 112,182 shares of the financial services provider’s stock worth $5,625,000 after purchasing an additional 110,619 shares in the last quarter. Adell Harriman & Carpenter Inc. boosted its stake in Main Street Capital by 26.9% in the second quarter. Adell Harriman & Carpenter Inc. now owns 405,210 shares of the financial services provider’s stock worth $20,459,000 after purchasing an additional 85,995 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new position in Main Street Capital in the first quarter worth $2,669,000. 20.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MAIN has been the topic of a number of recent analyst reports. Oppenheimer boosted their price objective on Main Street Capital from $43.00 to $44.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 13th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 price target on shares of Main Street Capital in a research note on Wednesday, August 14th. Finally, B. Riley upped their price target on Main Street Capital from $49.00 to $51.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $48.80.

Main Street Capital Trading Up 1.5 %

NYSE MAIN opened at $53.97 on Monday. The stock has a 50-day simple moving average of $51.30 and a 200 day simple moving average of $50.24. The company has a market capitalization of $4.76 billion, a PE ratio of 9.78 and a beta of 1.29. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13. Main Street Capital Co. has a 12 month low of $41.18 and a 12 month high of $53.98.

Main Street Capital Dividend Announcement

The business 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 presently 53.26%.

Main Street Capital Company 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.