9,550 Shares in Main Street Capital Co. (NYSE:MAIN) Purchased by BostonPremier Wealth LLC

BostonPremier Wealth LLC purchased a new position in Main Street Capital Co. (NYSE:MAIN) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 9,550 shares of the financial services provider’s stock, valued at approximately $559,000. Main Street Capital makes up about 0.3% of BostonPremier Wealth LLC’s investment portfolio, making the stock its 26th largest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sanctuary Advisors LLC purchased a new position in Main Street Capital during the 2nd quarter valued at approximately $702,000. Procyon Advisors LLC purchased a new position in shares of Main Street Capital in the third quarter valued at $224,000. Creative Planning increased its position in Main Street Capital by 37.0% in the third quarter. Creative Planning now owns 73,176 shares of the financial services provider’s stock worth $3,669,000 after purchasing an additional 19,777 shares during the last quarter. Transform Wealth LLC purchased a new stake in Main Street Capital during the third quarter valued at $218,000. Finally, Naviter Wealth LLC grew its stake in shares of Main Street Capital by 10.9% in the 3rd quarter. Naviter Wealth LLC now owns 61,403 shares of the financial services provider’s stock worth $3,079,000 after buying an additional 6,026 shares in the last quarter. 20.31% of the stock is currently owned by institutional investors.

Main Street Capital Stock Down 0.6 %

NYSE MAIN opened at $60.67 on Tuesday. Main Street Capital Co. has a 52 week low of $43.90 and a 52 week high of $62.19. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 10.99 and a beta of 1.28. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.13. The company has a fifty day moving average of $58.33 and a two-hundred day moving average of $53.41.

Main Street Capital Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 10th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a dividend yield of 4.91%. Main Street Capital’s dividend payout ratio is 54.35%.

Analyst Ratings Changes

Separately, B. Riley upped their target price on shares of Main Street Capital from $49.00 to $51.00 and gave the company a “neutral” rating in a research 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.