Wambolt & Associates LLC Raises Stock Holdings in Main Street Capital Co. (NYSE:MAIN)

Wambolt & Associates LLC boosted its holdings in shares of Main Street Capital Co. (NYSE:MAIN) by 0.5% during the 4th quarter, Holdings Channel reports. The firm owned 71,867 shares of the financial services provider’s stock after buying an additional 363 shares during the period. Main Street Capital comprises about 2.4% of Wambolt & Associates LLC’s portfolio, making the stock its 3rd biggest holding. Wambolt & Associates LLC’s holdings in Main Street Capital were worth $3,098,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Texas Yale Capital Corp. raised its stake in Main Street Capital by 6.2% during the 3rd quarter. Texas Yale Capital Corp. now owns 78,480 shares of the financial services provider’s stock valued at $3,391,000 after purchasing an additional 4,550 shares during the period. Commonwealth Equity Services LLC raised its stake in Main Street Capital by 3.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 61,691 shares of the financial services provider’s stock valued at $2,665,000 after purchasing an additional 2,021 shares during the period. EP Wealth Advisors LLC purchased a new position in Main Street Capital during the 3rd quarter valued at approximately $274,000. Sound Income Strategies LLC grew its holdings in Main Street Capital by 9.5% during the 4th quarter. Sound Income Strategies LLC now owns 704,403 shares of the financial services provider’s stock valued at $30,367,000 after buying an additional 60,993 shares in the last quarter. Finally, Sanders Morris Harris LLC grew its holdings in Main Street Capital by 4.6% during the 4th quarter. Sanders Morris Harris LLC now owns 397,934 shares of the financial services provider’s stock valued at $14,803,000 after buying an additional 17,394 shares in the last quarter. 22.37% of the stock is currently owned by institutional investors.

Several equities analysts have weighed in on the company. ValuEngine upgraded Main Street Capital from a “sell” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research upgraded Main Street Capital from a “sell” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Royal Bank of Canada assumed coverage on Main Street Capital in a report on Tuesday, November 12th. They set an “outperform” rating and a $44.00 price target for the company. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $43.50.

NYSE MAIN traded down $1.58 during trading on Thursday, hitting $38.54. 1,203,013 shares of the stock traded hands, compared to its average volume of 329,195. The company has a market capitalization of $2.49 billion, a P/E ratio of 19.46 and a beta of 0.77. The firm has a 50-day simple moving average of $43.93 and a 200-day simple moving average of $43.22. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.20. Main Street Capital Co. has a 12-month low of $36.46 and a 12-month high of $45.10.

The company also recently declared a monthly dividend, which will be paid on Friday, May 15th. Shareholders of record on Monday, April 20th will be issued a dividend of $0.205 per share. This represents a $2.46 annualized dividend and a yield of 6.38%. The ex-dividend date of this dividend is Friday, April 17th. Main Street Capital’s dividend payout ratio is presently 94.62%.

Main Street Capital Profile

Main Street Capital Corporation is a business development company specializing in long- term equity and debt investments in small and lower middle market companies. The firm focuses on investments in, subordinated loans, private equity, venture debt, mezzanine investments, mature, mid venture, industry consolidation, later stage, late venture, emerging growth, management buyouts, change of control transactions, ownership transitions, recapitalizations, strategic acquisitions, refinancing, business expansion capital, growth financings, family estate planning, and other growth initiatives primarily for later stage businesses.

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Institutional Ownership by Quarter for Main Street Capital (NYSE:MAIN)

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