Main Street Capital Co. (NYSE:MAIN) Holdings Boosted by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC raised its holdings in Main Street Capital Co. (NYSE:MAIN - Free Report) by 93.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 69,067 shares of the financial services provider's stock after acquiring an additional 33,450 shares during the period. Main Street Capital accounts for about 0.6% of Legacy Capital Wealth Partners LLC's holdings, making the stock its 26th biggest position. Legacy Capital Wealth Partners LLC owned 0.08% of Main Street Capital worth $3,463,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in MAIN. Susquehanna Fundamental Investments LLC purchased a new position in shares of Main Street Capital in the 1st quarter worth $475,000. Concurrent Investment Advisors LLC grew its holdings in shares of Main Street Capital by 17.3% during the 1st quarter. Concurrent Investment Advisors LLC now owns 10,604 shares of the financial services provider's stock worth $502,000 after purchasing an additional 1,564 shares during the period. NorthRock Partners LLC purchased a new position in Main Street Capital in the first quarter valued at approximately $241,000. ProShare Advisors LLC lifted its position in Main Street Capital by 16.3% during the first quarter. ProShare Advisors LLC now owns 11,913 shares of the financial services provider's stock valued at $564,000 after buying an additional 1,666 shares in the last quarter. Finally, Entropy Technologies LP acquired a new stake in shares of Main Street Capital in the first quarter worth $549,000. Institutional investors and hedge funds own 20.31% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and set 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 company a "market perform" rating in a research note on Tuesday, August 13th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $48.40.

Main Street Capital Stock Up 0.7 %

Shares of Main Street Capital stock traded up $0.37 during trading hours on Friday, hitting $51.87. 449,038 shares of the company's stock traded hands, compared to its average volume of 339,695. Main Street Capital Co. has a twelve month low of $40.25 and a twelve month high of $52.63. The company has a market cap of $4.52 billion, a PE ratio of 9.70 and a beta of 1.29. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.11. The stock has a 50 day simple moving average of $50.60 and a 200-day simple moving average of $50.04.

Main Street Capital (NYSE:MAIN - Get Free Report) last announced its earnings results on Thursday, August 8th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.01. Main Street Capital had a return on equity of 14.06% and a net margin of 87.58%. The company had revenue of $132.15 million for the quarter, compared to analyst estimates of $132.62 million. During the same period in the prior year, the company posted $1.06 EPS. Equities research analysts anticipate that Main Street Capital Co. will post 4.12 earnings per share for the current fiscal year.

Main Street Capital Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, March 7th will be given a $0.25 dividend. This is a positive change from Main Street Capital's previous monthly dividend of $0.25. The ex-dividend date of this dividend is Friday, March 7th. This represents a $3.00 annualized dividend and a dividend yield of 5.78%. Main Street Capital's dividend payout ratio (DPR) is presently 54.95%.

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.