Main Street Capital Co. (NYSE:MAIN – Get Rating) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 1,750,000 shares, a decline of 9.3% from the August 15th total of 1,930,000 shares. Based on an average daily volume of 388,300 shares, the short-interest ratio is presently 4.5 days.
Institutional Trading of Main Street Capital
Several institutional investors have recently modified their holdings of MAIN. Hazlett Burt & Watson Inc. acquired a new stake in shares of Main Street Capital during the first quarter worth about $30,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Main Street Capital during the second quarter worth about $30,000. Winch Advisory Services LLC boosted its stake in shares of Main Street Capital by 661.7% during the second quarter. Winch Advisory Services LLC now owns 815 shares of the financial services provider's stock worth $31,000 after buying an additional 708 shares during the period. Versant Capital Management Inc purchased a new position in Main Street Capital during the first quarter worth about $38,000. Finally, Avion Wealth raised its holdings in Main Street Capital by 16,666.7% during the first quarter. Avion Wealth now owns 1,006 shares of the financial services provider's stock worth $43,000 after purchasing an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 19.11% of the company's stock.
Get Main Street Capital alerts:Analysts Set New Price Targets
A number of brokerages have weighed in on MAIN. Raymond James cut shares of Main Street Capital from an "outperform" rating to a "market perform" rating in a research report on Monday, August 8th. TheStreet upgraded shares of Main Street Capital from a "c+" rating to a "b-" rating in a research report on Tuesday, July 19th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $42.80.
Main Street Capital Trading Down 0.1 %
NYSE MAIN opened at $39.72 on Monday. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.18. Main Street Capital has a 52 week low of $34.35 and a 52 week high of $47.13. The stock has a market capitalization of $2.90 billion, a PE ratio of 10.82 and a beta of 1.28. The firm has a 50 day moving average of $42.29 and a two-hundred day moving average of $40.60.Main Street Capital Increases Dividend
The business also recently disclosed a dividend, which will be paid on Tuesday, September 27th. Stockholders of record on Tuesday, September 20th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, September 19th. This is an increase from Main Street Capital's previous dividend of $0.08. Main Street Capital's payout ratio is currently 70.30%.
About Main Street Capital
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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.
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