Main Street Capital Co. (NYSE:MAIN) Shares Sold by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC decreased its position in Main Street Capital Co. (NYSE:MAIN) by 76.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 2,113 shares of the financial services provider’s stock after selling 6,987 shares during the period. Icon Wealth Advisors LLC’s holdings in Main Street Capital were worth $106,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. CANADA LIFE ASSURANCE Co raised its holdings in Main Street Capital by 1.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 74,364 shares of the financial services provider’s stock valued at $3,523,000 after acquiring an additional 1,107 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Main Street Capital by 51.6% in the first quarter. Advisors Asset Management Inc. now owns 19,008 shares of the financial services provider’s stock valued at $899,000 after purchasing an additional 6,468 shares during the last quarter. Innova Wealth Partners acquired a new position in shares of Main Street Capital during the 1st quarter worth approximately $304,000. Coppell Advisory Solutions Corp. acquired a new position in Main Street Capital during the first quarter worth approximately $286,000. Finally, Virtu Financial LLC bought a new stake in shares of Main Street Capital during the first quarter worth approximately $234,000. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Main Street Capital Stock Up 1.5 %

Shares of NYSE MAIN opened at $53.97 on Monday. The company has a market cap of $4.76 billion, a price-to-earnings ratio of 9.78 and a beta of 1.29. The firm’s fifty day moving average is $51.30 and its 200 day moving average is $50.24. 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 Co. has a 52 week low of $41.18 and a 52 week high of $53.98.

Main Street Capital Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 20th will be given a $0.30 dividend. The ex-dividend date is Friday, December 20th. Main Street Capital’s dividend payout ratio is currently 53.26%.

Analysts Set New Price Targets

A number of analysts have recently commented on MAIN shares. Royal Bank of Canada reissued an “outperform” rating and set a $52.00 price target on shares of Main Street Capital in a research note on Wednesday, August 14th. Oppenheimer boosted their price objective on Main Street Capital from $43.00 to $44.00 and gave the company a “market perform” rating in a research note on Tuesday, August 13th. Finally, B. Riley upped their target price on shares of Main Street Capital from $49.00 to $51.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.