Armstrong Advisory Group Inc. Lowers Holdings in Main Street Capital Co. (NYSE:MAIN)

Armstrong Advisory Group Inc. trimmed its stake in shares of Main Street Capital Co. (NYSE:MAIN) by 18.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,863 shares of the financial services provider’s stock after selling 860 shares during the period. Armstrong Advisory Group Inc.’s holdings in Main Street Capital were worth $226,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of MAIN. Van ECK Associates Corp grew its stake in shares of Main Street Capital by 3.9% during the 3rd quarter. Van ECK Associates Corp now owns 1,195,476 shares of the financial services provider’s stock worth $61,758,000 after purchasing an additional 45,381 shares during the period. Burgundy Asset Management Ltd. grew its position in Main Street Capital by 1.6% during the second quarter. Burgundy Asset Management Ltd. now owns 1,106,782 shares of the financial services provider’s stock valued at $55,881,000 after buying an additional 17,623 shares during the period. Adell Harriman & Carpenter Inc. increased its holdings in Main Street Capital by 3.5% in the third quarter. Adell Harriman & Carpenter Inc. now owns 419,255 shares of the financial services provider’s stock valued at $21,021,000 after buying an additional 14,045 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Main Street Capital by 19.3% in the third quarter. Franklin Resources Inc. now owns 217,461 shares of the financial services provider’s stock worth $11,119,000 after acquiring an additional 35,227 shares during the period. Finally, Muzinich & Co. Inc. boosted its stake in shares of Main Street Capital by 9.3% during the 3rd quarter. Muzinich & Co. Inc. now owns 212,384 shares of the financial services provider’s stock worth $10,649,000 after acquiring an additional 18,059 shares in the last quarter. 20.31% of the stock is currently owned by hedge funds and other institutional investors.

Main Street Capital Stock Performance

NYSE:MAIN opened at $59.20 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.08 and a current ratio of 0.08. The stock has a market capitalization of $5.22 billion, a PE ratio of 10.72 and a beta of 1.28. Main Street Capital Co. has a fifty-two week low of $43.26 and a fifty-two week high of $60.19. The company has a fifty day moving average of $55.70 and a two-hundred day moving average of $52.23.

Main Street Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be paid a $0.30 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 6.08%. The ex-dividend date is Friday, February 7th. Main Street Capital’s dividend payout ratio is presently 54.35%.

Analyst Ratings Changes

Separately, B. Riley lifted their price target 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 assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus 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.