Main Street Capital Co. (NYSE:MAIN) is Muzinich & Co. Inc.'s 2nd Largest Position

Muzinich & Co. Inc. increased its stake in Main Street Capital Co. (NYSE:MAIN - Free Report) by 9.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 212,384 shares of the financial services provider's stock after purchasing an additional 18,059 shares during the quarter. Main Street Capital comprises about 7.5% of Muzinich & Co. Inc.'s holdings, making the stock its 2nd largest position. Muzinich & Co. Inc. owned 0.24% of Main Street Capital worth $10,649,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Callahan Advisors LLC grew its stake in shares of Main Street Capital by 1.3% in the second quarter. Callahan Advisors LLC now owns 15,429 shares of the financial services provider's stock worth $779,000 after purchasing an additional 200 shares during the last quarter. PFG Investments LLC raised its position in Main Street Capital by 1.8% during the second quarter. PFG Investments LLC now owns 12,557 shares of the financial services provider's stock valued at $634,000 after purchasing an additional 227 shares during the period. Segment Wealth Management LLC increased its position in shares of Main Street Capital by 0.7% during the third quarter. Segment Wealth Management LLC now owns 43,512 shares of the financial services provider's stock worth $2,182,000 after acquiring an additional 287 shares during the period. Harbour Investments Inc. lifted its position in shares of Main Street Capital by 13.5% during the second quarter. Harbour Investments Inc. now owns 2,868 shares of the financial services provider's stock valued at $145,000 after buying an additional 342 shares during the last quarter. Finally, Milestone Asset Management LLC raised its holdings in shares of Main Street Capital by 5.8% in the second quarter. Milestone Asset Management LLC now owns 6,515 shares of the financial services provider's stock worth $329,000 after buying an additional 356 shares during the last quarter. 20.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on MAIN shares. Royal Bank of Canada reissued an "outperform" rating and set a $52.00 target price on shares of Main Street Capital in a report on Wednesday, August 14th. Oppenheimer lifted their price target on Main Street Capital from $43.00 to $44.00 and gave the stock a "market perform" rating in a research note on Tuesday, August 13th. Finally, B. Riley boosted 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's stock. According to data from MarketBeat, Main Street Capital currently has a consensus rating of "Hold" and an average price target of $48.80.

Main Street Capital Price Performance

Shares of Main Street Capital stock remained flat at $52.16 during trading hours on Friday. The company's stock had a trading volume of 551,786 shares, compared to its average volume of 395,748. The stock has a 50 day simple moving average of $50.90 and a 200 day simple moving average of $50.14. The company has a quick ratio of 0.07, 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 $40.51 and a 12 month high of $52.89. The company has a market capitalization of $4.60 billion, a P/E ratio of 9.45 and a beta of 1.29.

Main Street Capital Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, March 14th. Investors 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. This represents a $3.00 dividend on an annualized basis and a yield of 5.75%. The ex-dividend date of this dividend is Friday, March 7th. Main Street Capital's dividend payout ratio is presently 53.26%.

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.