BNP Paribas Financial Markets Boosts Stock Position in Main Street Capital Co. (NYSE:MAIN)

BNP Paribas Financial Markets raised its position in shares of Main Street Capital Co. (NYSE:MAIN) by 365.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,727 shares of the financial services provider’s stock after buying an additional 21,766 shares during the quarter. BNP Paribas Financial Markets’ holdings in Main Street Capital were worth $1,390,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of MAIN. Cetera Investment Advisers acquired a new position in shares of Main Street Capital during the first quarter worth $2,669,000. CWM LLC raised its stake in Main Street Capital by 700.0% in the second quarter. CWM LLC now owns 5,640 shares of the financial services provider’s stock valued at $285,000 after buying an additional 4,935 shares during the last quarter. Triad Wealth Partners LLC acquired a new stake in Main Street Capital in the second quarter worth about $38,000. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Main Street Capital by 1.1% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 191,865 shares of the financial services provider’s stock worth $9,687,000 after acquiring an additional 2,103 shares during the last quarter. Finally, CAP Partners LLC acquired a new position in shares of Main Street Capital during the second quarter valued at about $204,000. 20.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $52.00 price objective on shares of Main Street Capital in a report on Wednesday, August 14th. Oppenheimer increased their price objective on Main Street Capital from $43.00 to $44.00 and gave the company a “market perform” rating in a report on Tuesday, August 13th. Finally, B. Riley lifted their target price on Main Street Capital from $49.00 to $51.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $48.80.

Main Street Capital Stock Performance

NYSE MAIN opened at $55.29 on Monday. The firm has a market capitalization of $4.88 billion, a P/E ratio of 10.02 and a beta of 1.30. The stock has a 50-day simple moving average of $52.32 and a two-hundred day simple moving average of $50.66. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.08 and a current ratio of 0.08. Main Street Capital Co. has a fifty-two week low of $41.31 and a fifty-two week high of $55.85.

Main Street Capital Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 20th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, December 20th. Main Street Capital’s payout ratio is presently 53.26%.

Main Street Capital Company 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.