Wealth Enhancement Advisory Services LLC Buys 15,813 Shares of Main Street Capital Co. (NYSE:MAIN)

Wealth Enhancement Advisory Services LLC grew its stake in shares of Main Street Capital Co. (NYSE:MAIN - Free Report) by 36.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 58,726 shares of the financial services provider's stock after purchasing an additional 15,813 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.07% of Main Street Capital worth $2,945,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. PFG Investments LLC raised its position in Main Street Capital by 6.9% in the 3rd quarter. PFG Investments LLC now owns 13,423 shares of the financial services provider's stock valued at $673,000 after buying an additional 866 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Main Street Capital by 7.3% in the third quarter. Allworth Financial LP now owns 9,629 shares of the financial services provider's stock valued at $483,000 after purchasing an additional 658 shares during the last quarter. Joel Isaacson & Co. LLC lifted its position in shares of Main Street Capital by 3,098.3% during the third quarter. Joel Isaacson & Co. LLC now owns 127,996 shares of the financial services provider's stock valued at $6,418,000 after purchasing an additional 123,994 shares in the last quarter. Tectonic Advisors LLC boosted its holdings in Main Street Capital by 16.3% during the third quarter. Tectonic Advisors LLC now owns 167,065 shares of the financial services provider's stock worth $8,377,000 after purchasing an additional 23,464 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake in Main Street Capital by 7,077.4% in the 3rd quarter. International Assets Investment Management LLC now owns 112,182 shares of the financial services provider's stock valued at $5,625,000 after buying an additional 110,619 shares during the last quarter. 20.31% of the stock is owned by hedge funds and other institutional investors.

Main Street Capital Stock Performance

Main Street Capital stock traded down $0.67 during trading on Friday, hitting $50.67. The stock had a trading volume of 311,940 shares, compared to its average volume of 321,356. 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's 50 day moving average is $50.41 and its two-hundred day moving average is $49.91. Main Street Capital Co. has a 1 year low of $39.50 and a 1 year high of $52.62. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 9.47 and a beta of 1.29.

Main Street Capital (NYSE:MAIN - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The financial services provider reported $1.01 earnings per share for the quarter, hitting the consensus estimate of $1.01. The company had revenue of $132.15 million during the quarter, compared to analyst estimates of $132.62 million. Main Street Capital had a return on equity of 14.06% and a net margin of 87.58%. During the same quarter last year, the firm posted $1.06 EPS. As a group, analysts predict that Main Street Capital Co. will post 4.12 EPS for the current year.

Main Street Capital Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a $0.30 dividend. This represents a yield of 7.66%. The ex-dividend date was Friday, September 20th. Main Street Capital's dividend payout ratio (DPR) is presently 54.95%.

Analyst Ratings Changes

MAIN has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $52.00 target price on shares of Main Street Capital in a report on Wednesday, August 14th. Oppenheimer upped their price objective 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 investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Main Street Capital presently has an average rating of "Hold" and an average target price of $48.40.

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.