Main Street Capital Co. (NYSE:MAIN) Stock Position Raised by Tradition Wealth Management LLC

Tradition Wealth Management LLC lifted its stake in shares of Main Street Capital Co. (NYSE:MAIN) by 2.5% during the third quarter, Holdings Channel reports. The firm owned 12,010 shares of the financial services provider’s stock after purchasing an additional 294 shares during the quarter. Tradition Wealth Management LLC’s holdings in Main Street Capital were worth $602,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of MAIN. Virtu Financial LLC purchased a new stake in shares of Main Street Capital in the 1st quarter valued at approximately $234,000. Cetera Investment Advisers acquired a new stake in shares of Main Street Capital in the first quarter worth $2,669,000. Cetera Advisors LLC boosted its position in shares of Main Street Capital by 49.0% in the first quarter. Cetera Advisors LLC now owns 34,878 shares of the financial services provider’s stock worth $1,650,000 after buying an additional 11,464 shares during the period. DNB Asset Management AS grew its holdings in shares of Main Street Capital by 14.6% during the second quarter. DNB Asset Management AS now owns 122,925 shares of the financial services provider’s stock valued at $6,206,000 after buying an additional 15,697 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in Main Street Capital during the second quarter valued at $80,000. 20.31% of the stock is owned by hedge funds and other institutional investors.

Main Street Capital Trading Up 0.9 %

Shares of NYSE MAIN opened at $55.47 on Monday. The business has a 50 day simple moving average of $51.78 and a 200 day simple moving average of $50.42. Main Street Capital Co. has a 52 week low of $41.25 and a 52 week high of $55.85. The stock has a market cap of $4.89 billion, a price-to-earnings ratio of 10.05 and a beta of 1.29. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.08 and a current ratio of 0.08.

Main Street Capital Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, December 27th. Stockholders 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 (DPR) is 53.26%.

Analyst Upgrades and Downgrades

MAIN has been the subject of a number of research reports. Oppenheimer raised 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 price objective on shares of Main Street Capital in a research report on Wednesday, August 14th. Finally, B. Riley upped their price objective on shares of 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 research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently 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.