Quest Partners LLC Reduces Stock Position in Main Street Capital Co. (NYSE:MAIN)

Quest Partners LLC trimmed its holdings in shares of Main Street Capital Co. (NYSE:MAIN) by 57.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,340 shares of the financial services provider’s stock after selling 15,205 shares during the quarter. Quest Partners LLC’s holdings in Main Street Capital were worth $569,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Godsey & Gibb Inc. purchased a new stake in Main Street Capital during the third quarter valued at approximately $28,000. Triad Wealth Partners LLC purchased a new stake in Main Street Capital during the 2nd quarter valued at $38,000. Optimum Investment Advisors lifted its position in Main Street Capital by 100.0% in the second quarter. Optimum Investment Advisors now owns 1,000 shares of the financial services provider’s stock worth $50,000 after buying an additional 500 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Main Street Capital by 59.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,089 shares of the financial services provider’s stock worth $55,000 after buying an additional 405 shares during the period. Finally, International Assets Investment Management LLC bought a new position in Main Street Capital during the second quarter valued at $79,000. Institutional investors own 20.31% of the company’s stock.

Analyst Ratings Changes

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

Main Street Capital Stock Up 1.5 %

Shares of NYSE MAIN opened at $53.97 on Friday. Main Street Capital Co. has a 12-month low of $41.18 and a 12-month high of $53.98. The stock’s fifty day simple moving average is $51.21 and its two-hundred day simple moving average is $50.22. The stock has a market capitalization of $4.76 billion, a PE ratio of 9.63 and a beta of 1.29. 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 Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 20th will be paid a $0.30 dividend. The ex-dividend date is Friday, December 20th. Main Street Capital’s dividend payout ratio (DPR) is presently 53.26%.

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.