Centaurus Financial Inc. Has $739,000 Stake in Main Street Capital Co. (NYSE:MAIN)

Centaurus Financial Inc. lifted its holdings in shares of Main Street Capital Co. (NYSE:MAIN) by 6.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,742 shares of the financial services provider’s stock after purchasing an additional 885 shares during the quarter. Centaurus Financial Inc.’s holdings in Main Street Capital were worth $739,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. CANADA LIFE ASSURANCE Co raised its holdings in Main Street Capital by 1.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 74,364 shares of the financial services provider’s stock worth $3,523,000 after buying an additional 1,107 shares during the period. Advisors Asset Management Inc. lifted its position in Main Street Capital by 51.6% in the 1st quarter. Advisors Asset Management Inc. now owns 19,008 shares of the financial services provider’s stock valued at $899,000 after acquiring an additional 6,468 shares in the last quarter. Coppell Advisory Solutions Corp. acquired a new position in Main Street Capital in the 1st quarter worth $286,000. Virtu Financial LLC acquired a new position in Main Street Capital in the 1st quarter worth $234,000. Finally, Cetera Investment Advisers bought a new position in Main Street Capital during the 1st quarter worth about $2,669,000. Institutional investors own 20.31% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on MAIN shares. B. Riley boosted their price target on Main Street Capital from $49.00 to $51.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 price target on shares of Main Street Capital in a research report on Wednesday, August 14th. Finally, Oppenheimer raised their price target on shares of Main Street Capital from $43.00 to $44.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 13th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Main Street Capital has a consensus rating of “Hold” and an average price target of $48.80.

Main Street Capital Stock Performance

Shares of NYSE MAIN opened at $54.50 on Tuesday. The stock has a market capitalization of $4.81 billion, a PE ratio of 9.87 and a beta of 1.29. Main Street Capital Co. has a 52 week low of $41.18 and a 52 week high of $54.70. The stock has a 50 day moving average price of $51.38 and a 200 day moving average price of $50.26. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.08 and a current ratio of 0.08.

Main Street Capital Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 20th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, December 20th. Main Street Capital’s payout ratio is 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.