RMR Wealth Builders Increases Position in Main Street Capital Co. (NYSE:MAIN)

RMR Wealth Builders boosted its position in Main Street Capital Co. (NYSE:MAIN) by 6.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,140 shares of the financial services provider’s stock after purchasing an additional 832 shares during the period. RMR Wealth Builders’ holdings in Main Street Capital were worth $828,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Godsey & Gibb Inc. acquired a new stake in Main Street Capital in the 3rd quarter valued at about $28,000. Truvestments Capital LLC acquired a new position in shares of Main Street Capital during the 3rd quarter worth approximately $39,000. Prospera Private Wealth LLC purchased a new stake in Main Street Capital in the 3rd quarter valued at approximately $50,000. Wilmington Savings Fund Society FSB acquired a new stake in Main Street Capital during the 3rd quarter valued at $50,000. Finally, Northwestern Mutual Wealth Management Co. increased its position 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 in the last quarter. 20.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, B. Riley lifted their price objective on Main Street Capital from $49.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $48.80.

Main Street Capital Stock Down 0.8 %

NYSE MAIN traded down $0.47 during trading hours on Friday, hitting $57.71. The company had a trading volume of 456,355 shares, compared to its average volume of 609,945. The firm’s 50 day moving average is $55.08 and its 200 day moving average is $51.98. The company has a market capitalization of $5.09 billion, a price-to-earnings ratio of 10.45 and a beta of 1.28. Main Street Capital Co. has a fifty-two week low of $42.68 and a fifty-two week high of $60.19. 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. Shareholders of record on Friday, February 7th will be given a $0.30 dividend. This represents a $3.60 annualized dividend and a yield of 6.24%. The ex-dividend date of this dividend is Friday, February 7th. Main Street Capital’s dividend payout ratio (DPR) is 54.35%.

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.