Accurate Wealth Management LLC Has $892,000 Stake in Main Street Capital Co. (NYSE:MAIN)

Accurate Wealth Management LLC trimmed its position in shares of Main Street Capital Co. (NYSE:MAIN) by 13.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,457 shares of the financial services provider’s stock after selling 2,338 shares during the quarter. Accurate Wealth Management LLC’s holdings in Main Street Capital were worth $892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Franklin Resources Inc. lifted its holdings in shares of Main Street Capital by 19.3% during the 3rd quarter. Franklin Resources Inc. now owns 217,461 shares of the financial services provider’s stock valued at $11,119,000 after buying an additional 35,227 shares during the last quarter. Susquehanna Fundamental Investments LLC lifted its holdings in Main Street Capital by 238.5% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 34,020 shares of the financial services provider’s stock worth $1,718,000 after purchasing an additional 23,970 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Main Street Capital by 9.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 209,924 shares of the financial services provider’s stock worth $10,526,000 after purchasing an additional 18,059 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Main Street Capital by 188.3% in 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 during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in Main Street Capital in the 3rd quarter worth approximately $1,029,000. 20.31% of the stock is currently owned by institutional investors and hedge funds.

Main Street Capital Stock Performance

Shares of NYSE MAIN opened at $59.20 on Thursday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average is $55.70 and its two-hundred day moving average is $52.23. The company has a market cap of $5.22 billion, a P/E ratio of 10.72 and a beta of 1.28. Main Street Capital Co. has a 12 month low of $43.26 and a 12 month high of $60.19.

Main Street Capital Announces Dividend

The firm also recently declared 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 6.08%. The ex-dividend date of this dividend is Friday, February 7th. Main Street Capital’s dividend payout ratio is currently 54.35%.

Wall Street Analysts Forecast Growth

Separately, B. Riley boosted their target price on Main Street Capital from $49.00 to $51.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Four research 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 has an average 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.