Quantbot Technologies LP Invests $1.04 Million in Main Street Capital Co. (NYSE:MAIN)

Quantbot Technologies LP acquired a new position in Main Street Capital Co. (NYSE:MAIN - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 20,746 shares of the financial services provider's stock, valued at approximately $1,040,000.

A number of other institutional investors have also recently bought and sold shares of the business. Godsey & Gibb Inc. bought a new stake in shares of Main Street Capital in the 3rd quarter worth approximately $28,000. Triad Wealth Partners LLC purchased a new position in shares of Main Street Capital during the 2nd quarter valued at $38,000. Truvestments Capital LLC purchased a new position in shares of Main Street Capital during the 3rd quarter valued at $39,000. Optimum Investment Advisors grew its stake in shares of Main Street Capital by 100.0% during the 2nd quarter. Optimum Investment Advisors now owns 1,000 shares of the financial services provider's stock worth $50,000 after acquiring an additional 500 shares during the period. Finally, Prospera Private Wealth LLC purchased a new stake in Main Street Capital in the 3rd quarter worth about $50,000. Institutional investors own 20.31% of the company's stock.

Main Street Capital Stock Up 0.9 %

MAIN traded up $0.47 during trading on Friday, reaching $55.47. The stock had a trading volume of 190,390 shares, compared to its average volume of 431,125. Main Street Capital Co. has a one year low of $41.25 and a one year high of $55.85. The company has a market capitalization of $4.89 billion, a price-to-earnings ratio of 10.05 and a beta of 1.29. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13. The stock's 50 day moving average is $51.78 and its two-hundred day moving average is $50.41.

Main Street Capital Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 20th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, December 20th. Main Street Capital's dividend payout ratio is presently 53.26%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on MAIN shares. Royal Bank of Canada reissued an "outperform" rating and issued a $52.00 price target on shares of Main Street Capital in a research report on Wednesday, August 14th. Oppenheimer increased their target price 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. Finally, B. Riley lifted their price target on 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 research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has a consensus 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.