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

Thrive Wealth Management LLC bought a new stake in shares of Main Street Capital Co. (NYSE:MAIN) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,347 shares of the financial services provider’s stock, valued at approximately $313,000.

A number of other large investors have also recently made changes to their positions in MAIN. Benjamin Edwards Inc. lifted its stake in Main Street Capital by 971.3% in the third quarter. Benjamin Edwards Inc. now owns 141,165 shares of the financial services provider’s stock worth $7,078,000 after acquiring an additional 127,988 shares during the period. Joel Isaacson & Co. LLC lifted its position 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 valued at $6,418,000 after buying an additional 123,994 shares during the last quarter. International Assets Investment Management LLC lifted its position 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 valued at $5,625,000 after buying an additional 110,619 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Main Street Capital by 3.9% during the third quarter. Van ECK Associates Corp now owns 1,195,476 shares of the financial services provider’s stock valued at $61,758,000 after buying an additional 45,381 shares during the last quarter. Finally, Atom Investors LP purchased a new stake in shares of Main Street Capital during the third quarter valued at about $2,233,000. 20.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, B. Riley upped their price objective on shares of Main Street Capital from $49.00 to $51.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Main Street Capital currently has an average rating of “Hold” and an average price target of $48.80.

Main Street Capital Price Performance

Shares of NYSE:MAIN opened at $60.03 on Monday. The company has a market cap of $5.29 billion, a PE ratio of 10.88 and a beta of 1.28. Main Street Capital Co. has a twelve month low of $43.52 and a twelve month high of $60.87. The company’s 50 day moving average is $56.03 and its 200 day moving average is $52.36. 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 Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 6.00%. Main Street Capital’s dividend payout ratio (DPR) is 54.35%.

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.