20,516 Shares in Main Street Capital Co. (NYSE:MAIN) Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company acquired a new position in shares of Main Street Capital Co. (NYSE:MAIN - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 20,516 shares of the financial services provider's stock, valued at approximately $1,029,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Truvestments Capital LLC bought a new stake in shares of Main Street Capital in the 3rd quarter valued at approximately $39,000. Centaurus Financial Inc. increased its stake in Main Street Capital by 6.4% during the third quarter. Centaurus Financial Inc. now owns 14,742 shares of the financial services provider's stock valued at $739,000 after purchasing an additional 885 shares during the last quarter. Larson Financial Group LLC increased its stake in Main Street Capital by 4.5% during the third quarter. Larson Financial Group LLC now owns 44,968 shares of the financial services provider's stock valued at $2,255,000 after purchasing an additional 1,931 shares during the last quarter. MGB Wealth Management LLC raised its holdings in shares of Main Street Capital by 2.8% during the third quarter. MGB Wealth Management LLC now owns 42,859 shares of the financial services provider's stock worth $2,149,000 after purchasing an additional 1,150 shares during the period. Finally, Advisors Asset Management Inc. lifted its position in shares of Main Street Capital by 42.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 60,548 shares of the financial services provider's stock worth $3,036,000 after buying an additional 18,188 shares during the last quarter. Institutional investors own 20.31% of the company's stock.

Analyst Upgrades and Downgrades

Separately, B. Riley boosted their price objective 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. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Main Street Capital has a consensus rating of "Hold" and a consensus target price of $48.80.

Main Street Capital Stock Performance

NYSE MAIN traded up $0.24 during trading hours on Friday, hitting $55.63. The company had a trading volume of 319,583 shares, compared to its average volume of 364,596. Main Street Capital Co. has a fifty-two week low of $42.53 and a fifty-two week high of $55.85. The firm has a market cap of $4.91 billion, a P/E ratio of 10.04 and a beta of 1.30. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.13. The business has a fifty day simple moving average of $52.72 and a 200-day simple moving average of $50.82.

Main Street Capital Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 20th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, December 20th. Main Street Capital's payout ratio is 53.26%.

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.