BostonPremier Wealth LLC Acquires New Position in Main Street Capital Co. (NYSE:MAIN)

BostonPremier Wealth LLC bought a new position in Main Street Capital Co. (NYSE:MAIN) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 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 portfolio, making the stock its 26th largest holding.

Other institutional investors have also modified their holdings of the company. Godsey & Gibb Inc. purchased a new position in Main Street Capital during the third quarter valued at approximately $28,000. Truvestments Capital LLC purchased a new position in shares of Main Street Capital in the 3rd quarter valued at $39,000. Prospera Private Wealth LLC bought a new position in shares of Main Street Capital in the 3rd quarter worth $50,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Main Street Capital during the 3rd quarter worth $50,000. Finally, AdvisorNet Financial Inc boosted its position in Main Street Capital by 145.8% during the fourth quarter. AdvisorNet Financial Inc now owns 1,229 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 729 shares in the last quarter. 20.31% of the stock is owned by hedge funds and other institutional investors.

Main Street Capital Trading Down 0.6 %

Shares of MAIN stock opened at $60.67 on Tuesday. The stock has a 50 day simple moving average of $58.33 and a 200-day simple moving average of $53.41. Main Street Capital Co. has a 1-year low of $43.90 and a 1-year high of $62.19. The company has a market cap of $5.35 billion, a price-to-earnings ratio of 10.99 and a beta of 1.28. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08.

Main Street Capital Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 10th will be issued a $0.25 dividend. The ex-dividend date is Friday, February 7th. This represents a yield of 4.91%. Main Street Capital’s payout ratio is currently 54.35%.

Wall Street Analysts Forecast Growth

Separately, B. Riley boosted their price objective 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 equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus 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.