Verition Fund Management LLC Purchases 833 Shares of Main Street Capital Co. (NYSE:MAIN)

Verition Fund Management LLC raised its position in Main Street Capital Co. (NYSE:MAIN) by 8.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,197 shares of the financial services provider’s stock after buying an additional 833 shares during the quarter. Verition Fund Management LLC’s holdings in Main Street Capital were worth $561,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Marietta Wealth Management LLC purchased a new position in Main Street Capital in the 2nd quarter valued at approximately $581,000. Susquehanna Fundamental Investments LLC grew its position in shares of Main Street Capital by 238.5% in the second quarter. Susquehanna Fundamental Investments LLC now owns 34,020 shares of the financial services provider’s stock valued at $1,718,000 after purchasing an additional 23,970 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Main Street Capital by 9.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 209,924 shares of the financial services provider’s stock valued at $10,526,000 after purchasing an additional 18,059 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Main Street Capital by 188.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 20,176 shares of the financial services provider’s stock worth $1,012,000 after purchasing an additional 13,177 shares in the last quarter. Finally, Muzinich & Co. Inc. boosted its stake in Main Street Capital by 9.3% in the 3rd quarter. Muzinich & Co. Inc. now owns 212,384 shares of the financial services provider’s stock worth $10,649,000 after purchasing an additional 18,059 shares during the period. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MAIN shares. B. Riley increased their price target 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 target price on shares of Main Street Capital in a report on Wednesday, August 14th. Finally, Oppenheimer raised their price target on shares of Main Street Capital from $43.00 to $44.00 and gave the company a “market perform” rating in a report on Tuesday, August 13th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Main Street Capital presently has an average rating of “Hold” and an average price target of $48.80.

Main Street Capital Stock Down 0.1 %

MAIN stock opened at $55.18 on Wednesday. The company’s 50 day moving average is $52.52 and its 200 day moving average is $50.75. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of 10.00 and a beta of 1.30. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13. Main Street Capital Co. has a 1-year low of $41.87 and a 1-year high of $55.85.

Main Street Capital Announces Dividend

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

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.