Icon Wealth Advisors LLC Sells 6,987 Shares of Main Street Capital Co. (NYSE:MAIN)

Icon Wealth Advisors LLC reduced its position in Main Street Capital Co. (NYSE:MAIN) by 76.8% during the third quarter, HoldingsChannel.com reports. The firm owned 2,113 shares of the financial services provider’s stock after selling 6,987 shares during the period. Icon Wealth Advisors LLC’s holdings in Main Street Capital were worth $106,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Callahan Advisors LLC boosted its position in shares of Main Street Capital by 1.3% in the 2nd quarter. Callahan Advisors LLC now owns 15,429 shares of the financial services provider’s stock worth $779,000 after purchasing an additional 200 shares in the last quarter. PFG Investments LLC raised its position in shares of Main Street Capital by 1.8% during the 2nd quarter. PFG Investments LLC now owns 12,557 shares of the financial services provider’s stock valued at $634,000 after buying an additional 227 shares during the period. CAP Partners LLC boosted its position in shares of Main Street Capital by 6.4% during the 3rd quarter. CAP Partners LLC now owns 4,290 shares of the financial services provider’s stock worth $215,000 after purchasing an additional 258 shares during the period. Segment Wealth Management LLC lifted its holdings in Main Street Capital by 0.7% during the 3rd quarter. Segment Wealth Management LLC now owns 43,512 shares of the financial services provider’s stock worth $2,182,000 after buying an additional 287 shares in the last quarter. Finally, Harbour Investments Inc. grew its holdings in Main Street Capital by 13.5% during the 2nd quarter. Harbour Investments Inc. now owns 2,868 shares of the financial services provider’s stock worth $145,000 after acquiring an additional 342 shares in the last quarter. 20.31% of the stock is owned by hedge funds and other institutional investors.

Main Street Capital Stock Performance

Shares of NYSE MAIN opened at $53.97 on Monday. The stock’s fifty day simple moving average is $51.30 and its 200 day simple moving average is $50.24. The stock has a market capitalization of $4.76 billion, a price-to-earnings ratio of 9.78 and a beta of 1.29. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.13. Main Street Capital Co. has a 52-week low of $41.18 and a 52-week high of $53.98.

Main Street Capital Dividend Announcement

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

Analyst Ratings Changes

Several analysts recently commented on the stock. Oppenheimer upped their price target on shares of Main Street Capital from $43.00 to $44.00 and gave the company a “market perform” rating in a research report on Tuesday, August 13th. Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 target price on shares of Main Street Capital in a research note on Wednesday, August 14th. Finally, 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 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, the stock has an average rating of “Hold” and an average target price of $48.80.

Main Street Capital Company 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.