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J.W. Cole Advisors Inc. Decreases Stake in Main Street Capital Co. (NYSE:MAIN)

Defense World ·  09/21 18:41

J.W. Cole Advisors Inc. lowered its stake in Main Street Capital Co. (NYSE:MAIN – Get Rating) by 26.6% in the first quarter, HoldingsChannel reports. The institutional investor owned 7,438 shares of the financial services provider's stock after selling 2,690 shares during the period. J.W. Cole Advisors Inc.'s holdings in Main Street Capital were worth $317,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. MAI Capital Management increased its stake in shares of Main Street Capital by 6.3% in the first quarter. MAI Capital Management now owns 16,546 shares of the financial services provider's stock worth $706,000 after acquiring an additional 981 shares during the period. WINTON GROUP Ltd increased its stake in shares of Main Street Capital by 7.7% in the first quarter. WINTON GROUP Ltd now owns 56,226 shares of the financial services provider's stock worth $2,397,000 after acquiring an additional 4,022 shares during the period. Qube Research & Technologies Ltd increased its stake in shares of Main Street Capital by 112.7% in the fourth quarter. Qube Research & Technologies Ltd now owns 27,875 shares of the financial services provider's stock worth $1,250,000 after acquiring an additional 14,771 shares during the period. Meridian Wealth Management LLC increased its stake in shares of Main Street Capital by 3.0% in the first quarter. Meridian Wealth Management LLC now owns 86,939 shares of the financial services provider's stock worth $3,707,000 after acquiring an additional 2,543 shares during the period. Finally, Avantax Advisory Services Inc. increased its stake in shares of Main Street Capital by 13.9% in the first quarter. Avantax Advisory Services Inc. now owns 66,706 shares of the financial services provider's stock worth $2,852,000 after acquiring an additional 8,165 shares during the period. Institutional investors and hedge funds own 19.11% of the company's stock.

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Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. TheStreet upgraded shares of Main Street Capital from a "c+" rating to a "b-" rating in a research note on Tuesday, July 19th. Raymond James lowered shares of Main Street Capital from an "outperform" rating to a "market perform" rating in a research report on Monday, August 8th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $42.80.

Main Street Capital Stock Down 2.2 %

MAIN stock opened at $38.77 on Wednesday. The firm has a market cap of $2.83 billion, a PE ratio of 10.56 and a beta of 1.28. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.06 and a current ratio of 0.06. The firm's fifty day moving average is $42.23 and its 200 day moving average is $40.57. Main Street Capital Co. has a one year low of $34.35 and a one year high of $47.13.

Main Street Capital Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, September 27th. Investors of record on Tuesday, September 20th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, September 19th. This is a positive change from Main Street Capital's previous dividend of $0.08. Main Street Capital's dividend payout ratio (DPR) is currently 70.30%.

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.

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Want to see what other hedge funds are holding MAIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Main Street Capital Co. (NYSE:MAIN – Get Rating).

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