Advisors Asset Management Inc. Increases Position in Main Street Capital Co. (NYSE:MAIN)

Advisors Asset Management Inc. raised its position in Main Street Capital Co. (NYSE:MAIN - Free Report) by 42.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,548 shares of the financial services provider's stock after purchasing an additional 18,188 shares during the period. Advisors Asset Management Inc. owned about 0.07% of Main Street Capital worth $3,036,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MAIN. Prospera Private Wealth LLC acquired a new stake in shares of Main Street Capital during the third quarter worth $50,000. Prospera Financial Services Inc lifted its position in Main Street Capital by 1.4% during the third quarter. Prospera Financial Services Inc now owns 46,873 shares of the financial services provider's stock worth $2,352,000 after buying an additional 631 shares during the period. Vertex Planning Partners LLC acquired a new stake in Main Street Capital in the 3rd quarter worth about $261,000. CAP Partners LLC grew its holdings 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 valued at $215,000 after buying an additional 258 shares during the period. Finally, MAI Capital Management grew its holdings in Main Street Capital by 2.7% in the 3rd quarter. MAI Capital Management now owns 15,136 shares of the financial services provider's stock valued at $759,000 after buying an additional 394 shares during the period. 20.31% of the stock is owned by institutional investors and hedge funds.

Main Street Capital Trading Up 1.5 %

MAIN traded up $0.79 during trading on Friday, hitting $53.97. 338,746 shares of the company's stock were exchanged, compared to its average volume of 437,086. The stock has a 50 day moving average price of $51.30 and a 200 day moving average price of $50.24. Main Street Capital Co. has a 1 year low of $41.18 and a 1 year high of $53.98. 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 firm has a market cap of $4.76 billion, a P/E ratio of 9.78 and a beta of 1.29.

Main Street Capital Announces Dividend

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

Analysts Set New Price Targets

MAIN has been the topic of several research analyst reports. B. Riley raised their target price on shares of Main Street Capital from $49.00 to $51.00 and gave the stock a "neutral" rating in a research report on Monday, November 11th. Royal Bank of Canada reissued an "outperform" rating and set a $52.00 price objective on shares of Main Street Capital in a research note on Wednesday, August 14th. Finally, 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. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus 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.