Quest Partners LLC Sells 15,205 Shares of Main Street Capital Co. (NYSE:MAIN)

Quest Partners LLC reduced its position in Main Street Capital Co. (NYSE:MAIN - Free Report) by 57.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,340 shares of the financial services provider's stock after selling 15,205 shares during the quarter. Quest Partners LLC's holdings in Main Street Capital were worth $569,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MAIN. CANADA LIFE ASSURANCE Co lifted its position in shares of Main Street Capital by 1.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 74,364 shares of the financial services provider's stock worth $3,523,000 after buying an additional 1,107 shares during the period. Advisors Asset Management Inc. boosted its stake in shares of Main Street Capital by 51.6% in the 1st quarter. Advisors Asset Management Inc. now owns 19,008 shares of the financial services provider's stock valued at $899,000 after purchasing an additional 6,468 shares in the last quarter. Innova Wealth Partners acquired a new stake in shares of Main Street Capital in the 1st quarter valued at $304,000. Coppell Advisory Solutions Corp. bought a new stake in shares of Main Street Capital in the 1st quarter worth about $286,000. Finally, Virtu Financial LLC acquired a new stake in shares of Main Street Capital during the 1st quarter worth about $234,000. Institutional investors and hedge funds own 20.31% of the company's stock.

Main Street Capital Price Performance

Shares of Main Street Capital stock traded up $0.79 during midday trading on Friday, reaching $53.97. The company had a trading volume of 338,746 shares, compared to its average volume of 437,086. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13. The stock has a fifty day simple moving average of $51.30 and a 200 day simple moving average of $50.24. Main Street Capital Co. has a 1-year low of $41.18 and a 1-year high of $53.98. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 9.78 and a beta of 1.29.

Main Street Capital Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 20th will be given 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 presently 53.26%.

Analyst Ratings Changes

A number of research firms have commented on MAIN. B. Riley boosted their price target on shares of Main Street Capital from $49.00 to $51.00 and gave the company a "neutral" rating in a research report on Monday, November 11th. Royal Bank of Canada reissued an "outperform" rating and issued a $52.00 target price on shares of Main Street Capital in a report on Wednesday, August 14th. Finally, Oppenheimer raised 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. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average 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.