SeaCrest Wealth Management LLC Makes New Investment in Main Street Capital Co. (NYSE:MAIN)

SeaCrest Wealth Management LLC bought a new position in shares of Main Street Capital Co. (NYSE:MAINGet Rating) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 1,578 shares of the financial services provider’s stock, valued at approximately $61,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Hazlett Burt & Watson Inc. purchased a new stake in shares of Main Street Capital during the 1st quarter worth approximately $30,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Main Street Capital during the 2nd quarter worth approximately $30,000. Avion Wealth boosted its stake in shares of Main Street Capital by 16,666.7% during the 1st quarter. Avion Wealth now owns 1,006 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 1,000 shares in the last quarter. SMH Capital Advisors Inc. purchased a new stake in shares of Main Street Capital during the 2nd quarter worth approximately $232,000. Finally, Prospera Financial Services Inc boosted its stake in shares of Main Street Capital by 3,371.0% during the 2nd quarter. Prospera Financial Services Inc now owns 3,471 shares of the financial services provider’s stock worth $134,000 after acquiring an additional 3,371 shares in the last quarter. Institutional investors and hedge funds own 19.11% of the company’s stock.

Main Street Capital Stock Down 0.3 %

Shares of NYSE MAIN opened at $37.79 on Friday. Main Street Capital Co. has a 12-month low of $31.66 and a 12-month high of $47.13. The company has a market cap of $2.92 billion, a P/E ratio of 11.85 and a beta of 1.33. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.17. The stock has a fifty day moving average price of $36.45 and a 200 day moving average price of $38.86.

Main Street Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, March 15th. Investors of record on Wednesday, March 8th will be issued a $0.225 dividend. The ex-dividend date is Tuesday, March 7th. This represents a $2.70 annualized dividend and a yield of 7.14%. Main Street Capital’s dividend payout ratio is currently 82.76%.

Analyst Ratings Changes

MAIN has been the topic of several research analyst reports. TheStreet lowered Main Street Capital from a “b-” rating to a “c+” rating in a research note on Friday, September 23rd. StockNews.com started coverage on Main Street Capital in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Truist Financial reduced their price target on Main Street Capital to $40.00 in a research note on Wednesday. Raymond James lowered Main Street Capital from an “outperform” rating to a “market perform” rating in a research note on Monday, August 8th. Finally, Royal Bank of Canada dropped their price objective on Main Street Capital from $47.00 to $46.00 and set an “outperform” rating for the company in a report on Wednesday, November 9th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $42.00.

Main Street Capital Company Profile

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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.

See Also

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

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