Main Street Capital Co. (NYSE:MAIN) Shares Bought by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC increased its holdings in shares of Main Street Capital Co. (NYSE:MAIN) by 1.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 97,314 shares of the financial services provider’s stock after acquiring an additional 1,590 shares during the period. Integrated Wealth Concepts LLC owned approximately 0.11% of Main Street Capital worth $4,879,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. HighTower Advisors LLC increased its holdings in Main Street Capital by 0.8% in the 3rd quarter. HighTower Advisors LLC now owns 95,884 shares of the financial services provider’s stock valued at $4,808,000 after purchasing an additional 735 shares during the last quarter. Benjamin Edwards Inc. raised its holdings in shares of Main Street Capital by 971.3% in the third quarter. Benjamin Edwards Inc. now owns 141,165 shares of the financial services provider’s stock valued at $7,078,000 after buying an additional 127,988 shares during the last quarter. Atom Investors LP purchased a new stake in shares of Main Street Capital in the third quarter valued at about $2,233,000. Erste Asset Management GmbH acquired a new position in shares of Main Street Capital during the third quarter worth about $148,000. Finally, Tradition Wealth Management LLC increased its stake in shares of Main Street Capital by 2.5% during the third quarter. Tradition Wealth Management LLC now owns 12,010 shares of the financial services provider’s stock worth $602,000 after acquiring an additional 294 shares during the period. 20.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MAIN. Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 price target on shares of Main Street Capital in a research report on Wednesday, August 14th. B. Riley increased their price objective on shares of Main Street Capital from $49.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Finally, Oppenheimer raised 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 report on Tuesday, August 13th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $48.80.

Main Street Capital Stock Performance

Main Street Capital stock opened at $55.35 on Thursday. 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 company has a market cap of $4.88 billion, a P/E ratio of 10.03 and a beta of 1.30. The firm’s 50 day simple moving average is $52.11 and its 200-day simple moving average is $50.55. Main Street Capital Co. has a fifty-two week low of $41.31 and a fifty-two week high of $55.85.

Main Street Capital Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 20th will be paid a $0.30 dividend. The ex-dividend date is Friday, December 20th. Main Street Capital’s 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.