Main Street Capital Co. (NYSE:MAIN) Shares Sold by Taylor Frigon Capital Management LLC

Taylor Frigon Capital Management LLC lowered its stake in Main Street Capital Co. (NYSE:MAIN) by 2.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 45,258 shares of the financial services provider’s stock after selling 1,092 shares during the quarter. Main Street Capital comprises about 1.3% of Taylor Frigon Capital Management LLC’s holdings, making the stock its 24th biggest position. Taylor Frigon Capital Management LLC’s holdings in Main Street Capital were worth $2,651,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Widmann Financial Services Inc. lifted its holdings in Main Street Capital by 0.9% in the third quarter. Widmann Financial Services Inc. now owns 22,990 shares of the financial services provider’s stock worth $1,153,000 after purchasing an additional 202 shares during the period. IHT Wealth Management LLC lifted its holdings in Main Street Capital by 0.3% in the third quarter. IHT Wealth Management LLC now owns 63,628 shares of the financial services provider’s stock worth $3,190,000 after purchasing an additional 218 shares during the period. PFG Investments LLC lifted its holdings in Main Street Capital by 1.6% in the fourth quarter. PFG Investments LLC now owns 13,642 shares of the financial services provider’s stock worth $799,000 after purchasing an additional 219 shares during the period. Sunbelt Securities Inc. lifted its holdings in Main Street Capital by 7.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 3,509 shares of the financial services provider’s stock valued at $176,000 after acquiring an additional 229 shares during the last quarter. Finally, CAP Partners LLC lifted its holdings in Main Street Capital by 6.4% in the 3rd quarter. CAP Partners LLC now owns 4,290 shares of the financial services provider’s stock valued at $215,000 after acquiring an additional 258 shares during the last quarter. Institutional investors and hedge funds own 20.31% of the company’s stock.

Main Street Capital Price Performance

Shares of NYSE MAIN opened at $59.63 on Thursday. Main Street Capital Co. has a twelve month low of $45.00 and a twelve month high of $63.31. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $5.26 billion, a price-to-earnings ratio of 10.80 and a beta of 1.28. The firm has a 50-day moving average of $59.76 and a two-hundred day moving average of $54.38.

Main Street Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, June 6th will be paid a dividend of $0.25 per share. This represents a $3.00 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date of this dividend is Friday, June 6th. Main Street Capital’s dividend payout ratio is presently 54.35%.

Wall Street Analysts Forecast Growth

Separately, B. Riley upped their price target on shares of Main Street Capital from $49.00 to $51.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $48.80.

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.