Wambolt & Associates LLC Has $3.10 Million Position in Main Street Capital Co. (NYSE:MAIN)

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Wambolt & Associates LLC boosted its position in Main Street Capital Co. (NYSE:MAIN) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,867 shares of the financial services provider’s stock after purchasing an additional 363 shares during the quarter. Main Street Capital makes up 2.4% of Wambolt & Associates LLC’s portfolio, making the stock its 3rd biggest position. Wambolt & Associates LLC owned approximately 0.11% of Main Street Capital worth $3,098,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Benjamin Edwards Inc. grew its stake in shares of Main Street Capital by 65.3% in the third quarter. Benjamin Edwards Inc. now owns 620 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 245 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Main Street Capital in the first quarter worth $30,000. Optimum Investment Advisors grew its stake in shares of Main Street Capital by 62.3% in the fourth quarter. Optimum Investment Advisors now owns 2,605 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 1,000 shares during the last quarter. Valeo Financial Advisors LLC grew its stake in shares of Main Street Capital by 392.5% in the fourth quarter. Valeo Financial Advisors LLC now owns 2,965 shares of the financial services provider’s stock worth $128,000 after acquiring an additional 2,363 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of Main Street Capital by 95.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,900 shares of the financial services provider’s stock worth $168,000 after acquiring an additional 1,900 shares during the last quarter. Institutional investors and hedge funds own 22.37% of the company’s stock.

Shares of Main Street Capital stock traded down $1.58 during trading on Thursday, hitting $38.54. 1,203,013 shares of the company’s stock traded hands, compared to its average volume of 329,195. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.13 and a quick ratio of 0.13. Main Street Capital Co. has a 1 year low of $36.46 and a 1 year high of $45.10. The stock has a market capitalization of $2.49 billion, a P/E ratio of 19.46 and a beta of 0.77. The business has a 50-day simple moving average of $43.93 and a 200-day simple moving average of $43.22.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, April 20th will be given a dividend of $0.205 per share. The ex-dividend date of this dividend is Friday, April 17th. This represents a $2.46 annualized dividend and a dividend yield of 6.38%. Main Street Capital’s dividend payout ratio (DPR) is presently 94.62%.

A number of research firms have recently commented on MAIN. Royal Bank of Canada began coverage on Main Street Capital in a research note on Tuesday, November 12th. They issued an “outperform” rating and a $44.00 target price on the stock. Zacks Investment Research raised Main Street Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, ValuEngine raised Main Street Capital from a “sell” rating to a “hold” rating in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Main Street Capital presently has an average rating of “Hold” and an average price target of $43.50.

Main Street Capital Company Profile

Main Street Capital Corporation is a business development company specializing in long- term equity and debt investments in small and lower middle market companies. The firm focuses on investments in, subordinated loans, private equity, venture debt, mezzanine investments, mature, mid venture, industry consolidation, later stage, late venture, emerging growth, management buyouts, change of control transactions, ownership transitions, recapitalizations, strategic acquisitions, refinancing, business expansion capital, growth financings, family estate planning, and other growth initiatives primarily for later stage businesses.

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Institutional Ownership by Quarter for Main Street Capital (NYSE:MAIN)

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