Thrive Wealth Management LLC Invests $313,000 in Main Street Capital Co. (NYSE:MAIN)

Thrive Wealth Management LLC bought a new stake in shares of Main Street Capital Co. (NYSE:MAIN) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,347 shares of the financial services provider’s stock, valued at approximately $313,000.

Several other institutional investors and hedge funds also recently made changes to their positions in MAIN. Widmann Financial Services Inc. boosted its position in Main Street Capital by 0.9% during the 3rd quarter. Widmann Financial Services Inc. now owns 22,990 shares of the financial services provider’s stock valued at $1,153,000 after buying an additional 202 shares during the period. IHT Wealth Management LLC lifted its position in shares of Main Street Capital by 0.3% in the 3rd 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. Sunbelt Securities Inc. lifted its position in shares of 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 worth $176,000 after purchasing an additional 229 shares during the period. CAP Partners LLC lifted its position in shares of 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 worth $215,000 after purchasing an additional 258 shares during the period. Finally, Segment Wealth Management LLC lifted its position in shares of Main Street Capital by 0.7% in the 3rd quarter. Segment Wealth Management LLC now owns 43,512 shares of the financial services provider’s stock worth $2,182,000 after purchasing an additional 287 shares during the period. Institutional investors own 20.31% of the company’s stock.

Main Street Capital Price Performance

MAIN stock opened at $60.03 on Monday. The company’s fifty day moving average price is $56.03 and its 200-day moving average price is $52.36. Main Street Capital Co. has a one year low of $43.52 and a one year high of $60.87. The company has a market capitalization of $5.29 billion, a PE ratio of 10.88 and a beta of 1.28. 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 Announces Dividend

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

Wall Street Analyst Weigh In

Separately, B. Riley raised their price objective on shares of Main Street Capital from $49.00 to $51.00 and gave the company 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.com, the stock presently has an average rating of “Hold” and a consensus 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.