Janney Montgomery Scott LLC Increases Stock Position in Main Street Capital Co. (NYSE:MAIN)

Janney Montgomery Scott LLC grew its position in Main Street Capital Co. (NYSE:MAIN) by 188.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,176 shares of the financial services provider’s stock after purchasing an additional 13,177 shares during the period. Janney Montgomery Scott LLC’s holdings in Main Street Capital were worth $1,012,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MAIN. Godsey & Gibb Inc. purchased a new stake in shares of Main Street Capital in the third quarter valued at about $28,000. Triad Wealth Partners LLC purchased a new stake in Main Street Capital during the second quarter worth about $38,000. Optimum Investment Advisors increased its holdings in Main Street Capital by 100.0% during the second quarter. Optimum Investment Advisors now owns 1,000 shares of the financial services provider’s stock worth $50,000 after buying an additional 500 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Main Street Capital by 59.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,089 shares of the financial services provider’s stock worth $55,000 after buying an additional 405 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in Main Street Capital during the second quarter worth about $79,000. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on MAIN. Royal Bank of Canada restated an “outperform” rating and set a $52.00 price objective on shares of Main Street Capital in a report on Wednesday, August 14th. Oppenheimer increased their target price on shares of 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. Finally, B. Riley increased their target price on shares of Main Street Capital from $49.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $48.80.

Main Street Capital Price Performance

Shares of NYSE:MAIN opened at $52.16 on Friday. The company has a quick ratio of 0.07, a current ratio of 0.08 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $4.60 billion, a PE ratio of 9.45 and a beta of 1.29. Main Street Capital Co. has a twelve month low of $40.51 and a twelve month high of $52.89. The company has a 50-day moving average price of $50.83 and a two-hundred day moving average price of $50.12.

Main Street Capital Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, March 7th will be paid a $0.25 dividend. This is an increase from Main Street Capital’s previous monthly dividend of $0.25. This represents a $3.00 dividend on an annualized basis and a yield of 5.75%. The ex-dividend date is Friday, March 7th. Main Street Capital’s dividend payout ratio (DPR) 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.