Segment Wealth Management LLC Grows Stock Holdings in Main Street Capital Co. (NYSE:MAIN)

Segment Wealth Management LLC lifted its stake in shares of Main Street Capital Co. (NYSE:MAIN) by 15.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 50,368 shares of the financial services provider’s stock after acquiring an additional 6,856 shares during the quarter. Segment Wealth Management LLC owned approximately 0.06% of Main Street Capital worth $2,951,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Van ECK Associates Corp raised its position in Main Street Capital by 3.9% during the 3rd quarter. Van ECK Associates Corp now owns 1,195,476 shares of the financial services provider’s stock valued at $61,758,000 after purchasing an additional 45,381 shares in the last quarter. Adell Harriman & Carpenter Inc. raised its holdings in shares of Main Street Capital by 3.5% in the third quarter. Adell Harriman & Carpenter Inc. now owns 419,255 shares of the financial services provider’s stock valued at $21,021,000 after acquiring an additional 14,045 shares in the last quarter. Franklin Resources Inc. lifted its stake in Main Street Capital by 19.3% in the third quarter. Franklin Resources Inc. now owns 217,461 shares of the financial services provider’s stock worth $11,119,000 after acquiring an additional 35,227 shares during the period. Muzinich & Co. Inc. grew its holdings in Main Street Capital by 9.3% during the 3rd quarter. Muzinich & Co. Inc. now owns 212,384 shares of the financial services provider’s stock worth $10,649,000 after acquiring an additional 18,059 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in Main Street Capital by 9.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 209,924 shares of the financial services provider’s stock valued at $10,526,000 after purchasing an additional 18,059 shares during the period. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Main Street Capital Trading Down 0.7 %

Main Street Capital stock opened at $60.03 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.08 and a current ratio of 0.08. The stock has a market cap of $5.29 billion, a PE ratio of 10.88 and a beta of 1.28. The stock has a 50-day moving average of $56.19 and a two-hundred day moving average of $52.42. Main Street Capital Co. has a one year low of $43.52 and a one year high of $60.87.

Main Street Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $3.60 dividend on an annualized basis and a yield of 6.00%. Main Street Capital’s dividend payout ratio (DPR) is 54.35%.

Analyst Ratings Changes

Separately, B. Riley boosted 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 note on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target 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.