B. Riley Wealth Advisors Inc. Sells 21,136 Shares of Main Street Capital Co. (NYSE:MAIN)

B. Riley Wealth Advisors Inc. cut its holdings in shares of Main Street Capital Co. (NYSE:MAIN - Free Report) by 38.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,852 shares of the financial services provider's stock after selling 21,136 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Main Street Capital were worth $1,703,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Susquehanna Fundamental Investments LLC grew its holdings in shares of Main Street Capital by 238.5% during the second quarter. Susquehanna Fundamental Investments LLC now owns 34,020 shares of the financial services provider's stock worth $1,718,000 after buying an additional 23,970 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in Main Street Capital by 9.4% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 209,924 shares of the financial services provider's stock valued at $10,526,000 after purchasing an additional 18,059 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Main Street Capital by 188.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 20,176 shares of the financial services provider's stock worth $1,012,000 after purchasing an additional 13,177 shares in the last quarter. Muzinich & Co. Inc. raised its stake in Main Street Capital by 9.3% in the 3rd quarter. Muzinich & Co. Inc. now owns 212,384 shares of the financial services provider's stock valued at $10,649,000 after acquiring an additional 18,059 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in Main Street Capital by 365.1% during the third quarter. BNP Paribas Financial Markets now owns 27,727 shares of the financial services provider's stock worth $1,390,000 after acquiring an additional 21,766 shares during the last quarter. Institutional investors own 20.31% of the company's stock.

Analyst Upgrades and Downgrades

Separately, B. Riley increased 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 analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $48.80.

Main Street Capital Trading Up 0.5 %

Shares of MAIN stock traded up $0.26 during trading hours on Tuesday, hitting $55.59. 402,812 shares of the company's stock traded hands, compared to its average volume of 365,409. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.13. Main Street Capital Co. has a 12 month low of $42.53 and a 12 month high of $55.85. The stock has a market cap of $4.90 billion, a PE ratio of 10.06 and a beta of 1.30. The stock's 50 day simple moving average is $52.90 and its 200 day simple moving average is $50.96.

Main Street Capital Announces Dividend

The company 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 of this dividend is Friday, December 20th. Main Street Capital's payout ratio is 53.26%.

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.