Main Street Capital Co. (NYSE:MAIN) Stake Boosted by Tradition Wealth Management LLC

Tradition Wealth Management LLC increased its stake in Main Street Capital Co. (NYSE:MAIN) by 2.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,010 shares of the financial services provider’s stock after purchasing an additional 294 shares during the period. Tradition Wealth Management LLC’s holdings in Main Street Capital were worth $602,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Callahan Advisors LLC lifted its stake in Main Street Capital by 1.3% in the second quarter. Callahan Advisors LLC now owns 15,429 shares of the financial services provider’s stock valued at $779,000 after buying an additional 200 shares during the last quarter. Widmann Financial Services Inc. lifted its position in Main Street Capital by 0.9% in the 3rd quarter. Widmann Financial Services Inc. now owns 22,990 shares of the financial services provider’s stock valued at $1,153,000 after purchasing an additional 202 shares during the last quarter. PFG Investments LLC boosted its stake in Main Street Capital by 1.8% during the 2nd quarter. PFG Investments LLC now owns 12,557 shares of the financial services provider’s stock valued at $634,000 after purchasing an additional 227 shares during the period. CAP Partners LLC grew its position in Main Street Capital by 6.4% in the 3rd quarter. CAP Partners LLC now owns 4,290 shares of the financial services provider’s stock worth $215,000 after purchasing an additional 258 shares during the last quarter. Finally, Segment Wealth Management LLC increased its stake in shares of Main Street Capital by 0.7% in the third quarter. Segment Wealth Management LLC now owns 43,512 shares of the financial services provider’s stock valued at $2,182,000 after purchasing an additional 287 shares during the period. Institutional investors and hedge funds own 20.31% of the company’s stock.

Main Street Capital Stock Performance

MAIN opened at $55.47 on Monday. The business has a 50 day moving average price of $51.78 and a two-hundred day moving average price of $50.42. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08. The company has a market capitalization of $4.89 billion, a price-to-earnings ratio of 10.05 and a beta of 1.29. Main Street Capital Co. has a 1-year low of $41.25 and a 1-year high of $55.85.

Main Street Capital Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 20th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, December 20th. Main Street Capital’s dividend payout ratio is currently 53.26%.

Wall Street Analyst Weigh In

MAIN has been the subject of several 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 report on Tuesday, August 13th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 target price on shares of Main Street Capital in a research note on Wednesday, August 14th. Finally, B. Riley increased their price target on 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 assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $48.80.

About Main Street Capital

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.