IHT Wealth Management LLC Purchases 218 Shares of Main Street Capital Co. (NYSE:MAIN)

IHT Wealth Management LLC lifted its position in Main Street Capital Co. (NYSE:MAIN) by 0.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 63,628 shares of the financial services provider’s stock after purchasing an additional 218 shares during the quarter. IHT Wealth Management LLC owned about 0.07% of Main Street Capital worth $3,190,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in MAIN. Van ECK Associates Corp grew its stake in Main Street Capital by 14.0% in the 2nd quarter. Van ECK Associates Corp now owns 1,150,095 shares of the financial services provider’s stock worth $58,069,000 after buying an additional 141,312 shares in the last quarter. Benjamin Edwards Inc. lifted its holdings in shares of Main Street Capital by 971.3% during the 3rd quarter. Benjamin Edwards Inc. now owns 141,165 shares of the financial services provider’s stock worth $7,078,000 after acquiring an additional 127,988 shares during the last quarter. Joel Isaacson & Co. LLC grew its position 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 acquiring an additional 123,994 shares in the last quarter. International Assets Investment Management LLC increased 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 valued at $5,625,000 after acquiring an additional 110,619 shares during the last quarter. Finally, Adell Harriman & Carpenter Inc. increased 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 valued at $20,459,000 after acquiring an additional 85,995 shares during the last quarter. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Wall Street Analysts Forecast Growth

MAIN has been the subject of a number of research reports. Oppenheimer upped their price objective 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. Royal Bank of Canada reaffirmed 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 lifted their price target on shares of Main Street Capital from $49.00 to $51.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Four 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 company has a consensus rating of “Hold” and a consensus target price of $48.80.

Main Street Capital Stock Up 0.1 %

MAIN opened at $55.38 on Wednesday. The company has a market cap of $4.88 billion, a P/E ratio of 10.03 and a beta of 1.30. Main Street Capital Co. has a 12 month low of $41.31 and a 12 month high of $55.85. The business’s 50-day moving average price is $52.00 and its 200-day moving average price is $50.52. 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 Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, December 27th. Shareholders 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 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.