Main Street Capital Co. (NYSE:MAIN) Shares Purchased by Segment Wealth Management LLC

Segment Wealth Management LLC raised its stake in shares of Main Street Capital Co. (NYSE:MAIN) by 15.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 50,368 shares of the financial services provider’s stock after buying an additional 6,856 shares during the period. Segment Wealth Management LLC’s holdings in Main Street Capital were worth $2,951,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Envestnet Asset Management Inc. increased its holdings in Main Street Capital by 25.7% in the second 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 in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in 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 worth $3,303,000 after purchasing an additional 4,184 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new position in Main Street Capital in the 2nd quarter worth about $312,000. AE Wealth Management LLC purchased a new position in Main Street Capital during the second quarter worth approximately $245,000. Finally, ProShare Advisors LLC grew its holdings in Main Street Capital by 8.2% in the second quarter. ProShare Advisors LLC now owns 12,884 shares of the financial services provider’s stock valued at $651,000 after purchasing an additional 971 shares during the period. 20.31% of the stock is currently owned by hedge funds and other institutional investors.

Main Street Capital Price Performance

Shares of Main Street Capital stock opened at $60.03 on Tuesday. The stock has a market capitalization of $5.29 billion, a P/E ratio of 10.88 and a beta of 1.28. The business has a 50 day simple moving average of $56.19 and a two-hundred day simple moving average of $52.42. Main Street Capital Co. has a 12 month low of $43.52 and a 12 month high of $60.87. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08.

Main Street Capital Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 6.00%. The ex-dividend date of this dividend is Friday, February 7th. Main Street Capital’s dividend payout ratio is currently 54.35%.

Analyst Upgrades and Downgrades

Separately, B. Riley upped their target price on Main Street Capital from $49.00 to $51.00 and gave the stock 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 stock. According to data from MarketBeat.com, Main Street Capital currently has a consensus rating of “Hold” and a consensus 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.