Main Street Capital Co. (NYSE:MAIN) Shares Bought by AdvisorNet Financial Inc

AdvisorNet Financial Inc raised its holdings in Main Street Capital Co. (NYSE:MAIN) by 145.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,229 shares of the financial services provider’s stock after acquiring an additional 729 shares during the quarter. AdvisorNet Financial Inc’s holdings in Main Street Capital were worth $72,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of MAIN. Bank of New York Mellon Corp increased its holdings in Main Street Capital by 7.3% in the second quarter. Bank of New York Mellon Corp now owns 17,094 shares of the financial services provider’s stock worth $863,000 after buying an additional 1,169 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Main Street Capital by 25.7% in the second quarter. Envestnet Asset Management Inc. now owns 91,243 shares of the financial services provider’s stock worth $4,607,000 after purchasing an additional 18,635 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in Main Street Capital by 6.8% in the second quarter. Mercer Global Advisors Inc. ADV now owns 65,419 shares of the financial services provider’s stock worth $3,303,000 after purchasing an additional 4,184 shares during the period. Vanguard Personalized Indexing Management LLC bought a new position in Main Street Capital in the second quarter worth $312,000. Finally, Benjamin F. Edwards & Company Inc. lifted its position in Main Street Capital by 1.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 121,977 shares of the financial services provider’s stock worth $6,159,000 after purchasing an additional 1,614 shares during the period. 20.31% of the stock is owned by hedge funds and other institutional investors.

Main Street Capital Stock Performance

NYSE:MAIN opened at $60.03 on Friday. The stock has a fifty day moving average price of $56.03 and a 200-day moving average price of $52.36. The company has a market cap of $5.29 billion, a price-to-earnings ratio of 10.88 and a beta of 1.28. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.08 and a current ratio of 0.08. Main Street Capital Co. has a fifty-two week low of $43.52 and a fifty-two week high of $60.87.

Main Street Capital Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, B. Riley raised their target price on Main Street Capital from $49.00 to $51.00 and gave the company 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $48.80.

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.