Main Street Capital Co. (NYSE:MAIN) Shares Sold by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. trimmed its holdings in Main Street Capital Co. (NYSE:MAIN) by 62.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 600 shares of the financial services provider’s stock after selling 1,004 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Main Street Capital were worth $35,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of MAIN. Godsey & Gibb Inc. acquired a new position in shares of Main Street Capital in the 3rd quarter valued at $28,000. Truvestments Capital LLC acquired a new position in shares of Main Street Capital in the 3rd quarter valued at $39,000. Prospera Private Wealth LLC acquired a new position in shares of Main Street Capital in the 3rd quarter valued at $50,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Main Street Capital in the 3rd quarter valued at $50,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Main Street Capital by 59.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,089 shares of the financial services provider’s stock valued at $55,000 after buying an additional 405 shares during the period. 20.31% of the stock is owned by institutional investors and hedge funds.

Main Street Capital Price Performance

NYSE:MAIN opened at $60.03 on Friday. The firm 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 current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average is $56.03 and its two-hundred day moving average is $52.36. Main Street Capital Co. has a 12-month low of $43.52 and a 12-month high of $60.87.

Main Street Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 14th. Shareholders 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 yield of 6.00%. Main Street Capital’s dividend payout ratio (DPR) is 54.35%.

Analysts Set New Price Targets

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 note on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $48.80.

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.