RDA Financial Network Sells 750 Shares of Main Street Capital Co. (NYSE:MAIN)

RDA Financial Network lessened its holdings in shares of Main Street Capital Co. (NYSE:MAIN) by 10.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,697 shares of the financial services provider’s stock after selling 750 shares during the period. RDA Financial Network’s holdings in Main Street Capital were worth $392,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its position in shares of Main Street Capital by 7.3% in the second quarter. Bank of New York Mellon Corp now owns 17,094 shares of the financial services provider’s stock worth $863,000 after purchasing an additional 1,169 shares during the period. Envestnet Asset Management Inc. increased its holdings in Main Street Capital by 25.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 91,243 shares of the financial services provider’s stock valued at $4,607,000 after buying an additional 18,635 shares during the period. Mercer Global Advisors Inc. ADV raised its position in shares of Main Street Capital by 6.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 65,419 shares of the financial services provider’s stock valued at $3,303,000 after buying an additional 4,184 shares in the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Main Street Capital during the 2nd quarter worth approximately $312,000. Finally, Benjamin F. Edwards & Company Inc. boosted its position in shares of Main Street Capital by 1.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 121,977 shares of the financial services provider’s stock worth $6,159,000 after acquiring an additional 1,614 shares in the last quarter. 20.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, B. Riley lifted their target price on Main Street Capital from $49.00 to $51.00 and gave the company 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 assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $48.80.

Main Street Capital Trading Down 0.7 %

Shares of MAIN stock opened at $60.03 on Friday. The stock has a 50-day moving average of $56.03 and a 200-day moving average of $52.35. 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 stock has a market cap of $5.29 billion, a price-to-earnings ratio of 10.88 and a beta of 1.28. Main Street Capital Co. has a 1-year low of $43.52 and a 1-year 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. Investors 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 annualized dividend and a yield of 6.00%. Main Street Capital’s payout ratio is 54.35%.

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.