Muzinich & Co. Inc. Purchases 18,059 Shares of Main Street Capital Co. (NYSE:MAIN)

Muzinich & Co. Inc. lifted its holdings in shares of Main Street Capital Co. (NYSE:MAIN) by 9.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 212,384 shares of the financial services provider’s stock after buying an additional 18,059 shares during the period. Main Street Capital makes up about 7.5% of Muzinich & Co. Inc.’s investment portfolio, making the stock its 2nd largest holding. Muzinich & Co. Inc. owned about 0.24% of Main Street Capital worth $10,649,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MAIN. Godsey & Gibb Inc. acquired a new position in Main Street Capital during the 3rd quarter valued at about $28,000. Triad Wealth Partners LLC acquired a new position in shares of Main Street Capital during the second quarter valued at approximately $38,000. Optimum Investment Advisors raised its holdings in Main Street Capital by 100.0% during the second quarter. Optimum Investment Advisors now owns 1,000 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 500 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Main Street Capital by 59.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,089 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 405 shares during the period. Finally, International Assets Investment Management LLC bought a new position in Main Street Capital during the 2nd quarter valued at $79,000. 20.31% of the stock is owned by institutional investors.

Main Street Capital Stock Performance

Shares of NYSE MAIN opened at $52.16 on Friday. The business has a fifty day simple moving average of $50.90 and a 200-day simple moving average of $50.14. The company has a market cap of $4.60 billion, a price-to-earnings ratio of 9.45 and a beta of 1.29. Main Street Capital Co. has a 12 month low of $40.51 and a 12 month high of $52.89. The company has a quick ratio of 0.07, a current ratio of 0.08 and a debt-to-equity ratio of 0.13.

Main Street Capital Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, March 7th will be issued a $0.25 dividend. This represents a $3.00 annualized dividend and a dividend yield of 5.75%. This is a boost from Main Street Capital’s previous monthly dividend of $0.25. The ex-dividend date is Friday, March 7th. Main Street Capital’s dividend payout ratio (DPR) is presently 53.26%.

Analyst Ratings Changes

A number of research firms have recently commented on MAIN. Oppenheimer boosted their price objective on Main Street Capital from $43.00 to $44.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 13th. B. Riley raised their price objective on shares of Main Street Capital from $49.00 to $51.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 target price on shares of Main Street Capital in a report on Wednesday, August 14th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average 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.