Thrive Wealth Management LLC Purchases Shares of 5,347 Main Street Capital Co. (NYSE:MAIN)

Thrive Wealth Management LLC bought a new position in shares of Main Street Capital Co. (NYSE:MAIN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,347 shares of the financial services provider's stock, valued at approximately $313,000.

A number of other large investors have also added to or reduced their stakes in MAIN. Van ECK Associates Corp boosted its holdings in shares of Main Street Capital by 3.9% during the third quarter. Van ECK Associates Corp now owns 1,195,476 shares of the financial services provider's stock worth $61,758,000 after acquiring an additional 45,381 shares during the period. Adell Harriman & Carpenter Inc. raised its position in shares of Main Street Capital by 3.5% in the third quarter. Adell Harriman & Carpenter Inc. now owns 419,255 shares of the financial services provider's stock valued at $21,021,000 after buying an additional 14,045 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Main Street Capital by 19.3% during the 3rd quarter. Franklin Resources Inc. now owns 217,461 shares of the financial services provider's stock valued at $11,119,000 after acquiring an additional 35,227 shares during the period. Muzinich & Co. Inc. grew its stake in Main Street Capital by 9.3% during the third quarter. Muzinich & Co. Inc. now owns 212,384 shares of the financial services provider's stock worth $10,649,000 after buying an additional 18,059 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in Main Street Capital by 9.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 209,924 shares of the financial services provider's stock valued at $10,526,000 after acquiring an additional 18,059 shares during the last quarter. Institutional investors own 20.31% of the company's stock.

Analysts Set New Price Targets

Separately, B. Riley boosted their target price on Main Street Capital from $49.00 to $51.00 and gave the stock a "neutral" rating in a research note on Monday, November 11th. 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 company presently has a consensus rating of "Hold" and a consensus price target of $48.80.

Main Street Capital Trading Down 0.7 %

Shares of NYSE MAIN traded down $0.45 during trading on Monday, reaching $60.03. The company had a trading volume of 765,583 shares, compared to its average volume of 483,851. The company's fifty day moving average price is $56.19 and its 200-day moving average price is $52.42. Main Street Capital Co. has a 12 month low of $43.52 and a 12 month high of $60.87. The stock has a market cap of $5.29 billion, a P/E ratio of 10.88 and a beta of 1.28. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.13.

Main Street Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be issued a $0.30 dividend. The ex-dividend date is Friday, February 7th. This represents a $3.60 annualized dividend and a yield of 6.00%. Main Street Capital's payout ratio is 54.35%.

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.