Cahill Financial Advisors Inc. Has $695,000 Stock Position in Main Street Capital Co. (NYSE:MAIN)

Cahill Financial Advisors Inc. lessened its position in shares of Main Street Capital Co. (NYSE:MAIN) by 8.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,866 shares of the financial services provider’s stock after selling 1,278 shares during the quarter. Cahill Financial Advisors Inc.’s holdings in Main Street Capital were worth $695,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of MAIN. Marietta Wealth Management LLC acquired a new stake in Main Street Capital in the second quarter worth about $581,000. Cetera Advisors LLC raised its stake in shares of Main Street Capital by 49.0% during the first quarter. Cetera Advisors LLC now owns 34,878 shares of the financial services provider’s stock worth $1,650,000 after buying an additional 11,464 shares during the last quarter. Susquehanna Fundamental Investments LLC lifted its holdings in Main Street Capital by 238.5% in the second quarter. Susquehanna Fundamental Investments LLC now owns 34,020 shares of the financial services provider’s stock valued at $1,718,000 after buying an additional 23,970 shares during the period. Cetera Investment Advisers bought a new position in Main Street Capital in the first quarter valued at approximately $2,669,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings 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 worth $10,526,000 after acquiring an additional 18,059 shares during the period. 20.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MAIN. Royal Bank of Canada restated an “outperform” rating and set a $52.00 target price on shares of Main Street Capital in a report on Wednesday, August 14th. Oppenheimer boosted their price objective 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. Finally, B. Riley increased 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 given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $48.80.

Main Street Capital Stock Performance

Shares of MAIN opened at $53.97 on Monday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13. Main Street Capital Co. has a 12 month low of $41.18 and a 12 month high of $53.98. The firm has a fifty day simple moving average of $51.30 and a 200 day simple moving average of $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.

Main Street Capital Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 20th will be issued a $0.30 dividend. 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.