FORA Capital LLC Takes $430,000 Position in Main Street Capital Co. (NYSE:MAIN)

FORA Capital LLC purchased a new stake in shares of Main Street Capital Co. (NYSE:MAIN) during the 3rd quarter, Holdings Channel reports. The fund purchased 8,576 shares of the financial services provider’s stock, valued at approximately $430,000.

Other institutional investors also recently bought and sold shares of the company. Godsey & Gibb Inc. purchased a new position in shares of Main Street Capital during the third quarter valued at approximately $28,000. Triad Wealth Partners LLC bought a new stake in shares of Main Street Capital during the 2nd quarter worth approximately $38,000. Truvestments Capital LLC purchased a new position in Main Street Capital during the 3rd quarter valued at $39,000. Optimum Investment Advisors grew its position in Main Street Capital by 100.0% in the 2nd quarter. Optimum Investment Advisors now owns 1,000 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 500 shares during the last quarter. Finally, Prospera Private Wealth LLC bought a new position in Main Street Capital in the 3rd quarter valued at $50,000. 20.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on MAIN shares. B. Riley lifted their target price 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. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price objective on shares of Main Street Capital in a research report on Wednesday, August 14th. Finally, Oppenheimer raised their target price on shares of Main Street Capital from $43.00 to $44.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 13th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $48.80.

Main Street Capital Stock Up 0.9 %

NYSE:MAIN opened at $55.49 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08. The firm has a market cap of $4.89 billion, a PE ratio of 10.05 and a beta of 1.29. The company has a 50-day moving average of $51.78 and a 200 day moving average of $50.41. Main Street Capital Co. has a 1-year low of $41.25 and a 1-year high of $55.85.

Main Street Capital Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 20th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, December 20th. Main Street Capital’s dividend payout ratio is presently 53.26%.

About Main Street Capital

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.