Benjamin Edwards Inc. Has $7.08 Million Holdings in Main Street Capital Co. (NYSE:MAIN)

Benjamin Edwards Inc. lifted its holdings in Main Street Capital Co. (NYSE:MAIN - Free Report) by 971.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 141,165 shares of the financial services provider's stock after purchasing an additional 127,988 shares during the period. Benjamin Edwards Inc. owned 0.16% of Main Street Capital worth $7,078,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Van ECK Associates Corp grew its position in shares of Main Street Capital by 3.9% in the third quarter. Van ECK Associates Corp now owns 1,195,476 shares of the financial services provider's stock valued at $61,758,000 after purchasing an additional 45,381 shares during the last quarter. Burgundy Asset Management Ltd. increased its position in Main Street Capital by 1.6% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,106,782 shares of the financial services provider's stock worth $55,881,000 after buying an additional 17,623 shares during the period. Adell Harriman & Carpenter Inc. lifted its holdings in shares of Main Street Capital by 3.5% during the third quarter. Adell Harriman & Carpenter Inc. now owns 419,255 shares of the financial services provider's stock worth $21,021,000 after buying an additional 14,045 shares during the last quarter. Muzinich & Co. Inc. boosted its position in shares of Main Street Capital by 9.3% in the third 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, Sumitomo Mitsui Trust Group Inc. increased 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 worth $10,526,000 after acquiring an additional 18,059 shares during the period. 20.31% of the stock is currently owned by institutional investors.

Main Street Capital Price Performance

NYSE:MAIN traded up $0.10 during trading hours on Tuesday, reaching $55.45. The company had a trading volume of 150,360 shares, compared to its average volume of 365,900. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average of $51.89 and a two-hundred day moving average of $50.47. Main Street Capital Co. has a one year low of $41.31 and a one year high of $55.85. The firm has a market capitalization of $4.89 billion, a PE ratio of 10.03 and a beta of 1.30.

Main Street Capital Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, December 27th. Stockholders 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%.

Analysts Set New Price Targets

MAIN has been the topic of several research analyst reports. B. Riley raised their price target 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. Oppenheimer upped their price target on Main Street Capital from $43.00 to $44.00 and gave the company a "market perform" rating in a report on Tuesday, August 13th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $52.00 target price on shares of Main Street Capital in a research report on Wednesday, August 14th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $48.80.

Main Street Capital Company 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.