Main Street Capital Co. (NYSE:MAIN) Shares Bought by Naviter Wealth LLC

Naviter Wealth LLC grew its holdings in Main Street Capital Co. (NYSE:MAIN) by 10.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 61,403 shares of the financial services provider’s stock after buying an additional 6,026 shares during the quarter. Naviter Wealth LLC owned 0.07% of Main Street Capital worth $3,079,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in MAIN. Triad Wealth Partners LLC purchased a new position in Main Street Capital during the second quarter valued at $38,000. Optimum Investment Advisors raised its stake 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 purchasing an additional 500 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings 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 purchasing an additional 405 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Main Street Capital in the 2nd quarter valued at approximately $79,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Main Street Capital during the 2nd quarter worth approximately $80,000. 20.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MAIN. Oppenheimer upped their price objective on Main Street Capital from $43.00 to $44.00 and gave the company a “market perform” rating in a report on Tuesday, August 13th. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price target on shares of Main Street Capital in a research note on Wednesday, August 14th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Main Street Capital presently has an average rating of “Hold” and a consensus price target of $48.40.

Main Street Capital Price Performance

Main Street Capital stock remained flat at $51.83 during trading on Thursday. 7,359 shares of the company were exchanged, compared to its average volume of 361,982. Main Street Capital Co. has a one year low of $37.70 and a one year high of $52.39. The firm has a 50-day moving average of $49.76 and a 200 day moving average of $49.53. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a market capitalization of $4.44 billion, a PE ratio of 9.46 and a beta of 1.30.

Main Street Capital (NYSE:MAIN) last announced its quarterly earnings results on Thursday, August 8th. The financial services provider reported $1.01 EPS for the quarter, meeting the consensus estimate of $1.01. The company had revenue of $132.15 million for the quarter, compared to analyst estimates of $132.62 million. Main Street Capital had a net margin of 87.58% and a return on equity of 14.06%. During the same period in the prior year, the firm posted $1.06 earnings per share. On average, equities analysts predict that Main Street Capital Co. will post 4.12 EPS for the current fiscal year.

Main Street Capital Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a $0.30 dividend. The ex-dividend date was Friday, September 20th. This represents a yield of 7.66%. Main Street Capital’s dividend payout ratio is presently 53.65%.

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.