Janney Montgomery Scott LLC Boosts Holdings in Main Street Capital Co. (NYSE:MAIN)

Janney Montgomery Scott LLC grew its holdings in shares of Main Street Capital Co. (NYSE:MAIN) by 188.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,176 shares of the financial services provider’s stock after acquiring an additional 13,177 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Main Street Capital were worth $1,012,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in MAIN. Van ECK Associates Corp raised its stake in shares of Main Street Capital by 14.0% during the second quarter. Van ECK Associates Corp now owns 1,150,095 shares of the financial services provider’s stock worth $58,069,000 after acquiring an additional 141,312 shares in the last quarter. Joel Isaacson & Co. LLC raised its stake in shares of Main Street Capital by 3,098.3% during the third quarter. Joel Isaacson & Co. LLC now owns 127,996 shares of the financial services provider’s stock worth $6,418,000 after acquiring an additional 123,994 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Main Street Capital by 7,077.4% during the third quarter. International Assets Investment Management LLC now owns 112,182 shares of the financial services provider’s stock worth $5,625,000 after acquiring an additional 110,619 shares in the last quarter. Adell Harriman & Carpenter Inc. raised its stake in shares of Main Street Capital by 26.9% during the second quarter. Adell Harriman & Carpenter Inc. now owns 405,210 shares of the financial services provider’s stock worth $20,459,000 after acquiring an additional 85,995 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new position in shares of Main Street Capital during the first quarter worth approximately $2,669,000. 20.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on MAIN. Oppenheimer lifted their price target on shares of Main Street Capital from $43.00 to $44.00 and gave the company a “market perform” rating in a report on Tuesday, August 13th. B. Riley boosted their target price on Main Street Capital from $49.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 target price on shares of Main Street Capital in a research report on Wednesday, August 14th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $48.80.

Main Street Capital Price Performance

NYSE MAIN opened at $52.16 on Friday. Main Street Capital Co. has a 52 week low of $40.51 and a 52 week high of $52.89. The firm has a market capitalization of $4.60 billion, a P/E ratio of 9.45 and a beta of 1.29. The company has a quick ratio of 0.07, a current ratio of 0.08 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average price of $50.83 and a 200-day moving average price of $50.12.

Main Street Capital Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, March 7th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Main Street Capital’s previous monthly dividend of $0.25. This represents a $3.00 dividend on an annualized basis and a dividend yield of 5.75%. Main Street Capital’s payout ratio is 53.26%.

Main Street Capital 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.