Main Street Capital Co. (NYSE:MAIN) Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Main Street Capital Co. (NYSE:MAIN - Free Report) by 9.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 209,924 shares of the financial services provider's stock after buying an additional 18,059 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.24% of Main Street Capital worth $10,526,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Callahan Advisors LLC increased its holdings in Main Street Capital by 1.3% during the 2nd 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 increased its holdings in Main Street Capital by 1.8% during the 2nd quarter. PFG Investments LLC now owns 12,557 shares of the financial services provider's stock worth $634,000 after purchasing an additional 227 shares during the last quarter. Segment Wealth Management LLC increased its holdings in Main Street Capital by 0.7% during the 3rd quarter. Segment Wealth Management LLC now owns 43,512 shares of the financial services provider's stock worth $2,182,000 after purchasing an additional 287 shares during the last quarter. Harbour Investments Inc. increased its holdings in Main Street Capital by 13.5% during the 2nd quarter. Harbour Investments Inc. now owns 2,868 shares of the financial services provider's stock worth $145,000 after purchasing an additional 342 shares during the last quarter. Finally, Milestone Asset Management LLC increased its holdings in Main Street Capital by 5.8% during the 2nd quarter. Milestone Asset Management LLC now owns 6,515 shares of the financial services provider's stock worth $329,000 after purchasing an additional 356 shares during the last quarter. 20.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MAIN. Royal Bank of Canada reiterated an "outperform" rating and issued a $52.00 target price on shares of Main Street Capital in a research report on Wednesday, August 14th. B. Riley lifted their target price on Main Street Capital from $49.00 to $51.00 and gave the stock a "neutral" rating in a research report on Monday, November 11th. Finally, Oppenheimer lifted their target price on Main Street Capital from $43.00 to $44.00 and gave the stock a "market perform" rating in a research report on Tuesday, August 13th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $48.80.

Main Street Capital Stock Performance

NYSE:MAIN traded up $0.49 during midday trading on Monday, reaching $52.65. 269,021 shares of the company traded hands, compared to its average volume of 366,620. Main Street Capital Co. has a twelve month low of $40.54 and a twelve month high of $52.89. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of 9.46 and a beta of 1.29. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.07. The company has a fifty day moving average price of $50.90 and a 200 day moving average price of $50.14.

Main Street Capital Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, March 7th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, March 7th. This represents a $3.00 dividend on an annualized basis and a yield of 5.70%. This is a positive change from Main Street Capital's previous monthly dividend of $0.25. Main Street Capital's payout ratio is currently 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.