Newbridge Financial Services Group Inc. Raises Stock Position in Main Street Capital Co. (NYSE:MAIN)

Newbridge Financial Services Group Inc. increased its stake in shares of Main Street Capital Co. (NYSE:MAIN) by 34.3% during the 4th quarter, Holdings Channel reports. The fund owned 2,111 shares of the financial services provider’s stock after purchasing an additional 539 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Main Street Capital were worth $124,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Widmann Financial Services Inc. grew its stake in shares of Main Street Capital by 0.9% during the 3rd quarter. Widmann Financial Services Inc. now owns 22,990 shares of the financial services provider’s stock worth $1,153,000 after purchasing an additional 202 shares during the period. IHT Wealth Management LLC grew its position in Main Street Capital by 0.3% during the third quarter. IHT Wealth Management LLC now owns 63,628 shares of the financial services provider’s stock valued at $3,190,000 after buying an additional 218 shares during the period. PFG Investments LLC increased its holdings in Main Street Capital by 1.6% in the fourth quarter. PFG Investments LLC now owns 13,642 shares of the financial services provider’s stock valued at $799,000 after buying an additional 219 shares in the last quarter. Sunbelt Securities Inc. increased its holdings in Main Street Capital by 7.0% in the third quarter. Sunbelt Securities Inc. now owns 3,509 shares of the financial services provider’s stock valued at $176,000 after buying an additional 229 shares in the last quarter. Finally, CAP Partners LLC raised its position in shares of Main Street Capital by 6.4% in the third quarter. CAP Partners LLC now owns 4,290 shares of the financial services provider’s stock worth $215,000 after acquiring an additional 258 shares during the period. 20.31% of the stock is currently owned by hedge funds and other institutional investors.

Main Street Capital Stock Performance

NYSE:MAIN opened at $60.67 on Tuesday. The company has a fifty day moving average of $58.33 and a two-hundred day moving average of $53.41. Main Street Capital Co. has a fifty-two week low of $43.90 and a fifty-two week high of $62.19. The stock has a market capitalization of $5.35 billion, a PE ratio of 10.99 and a beta of 1.28. 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 Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 10th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a dividend yield of 4.91%. Main Street Capital’s dividend payout ratio (DPR) is presently 54.35%.

Wall Street Analysts Forecast Growth

Separately, B. Riley lifted their price target on Main Street Capital from $49.00 to $51.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Main Street Capital presently has an average rating of “Hold” and a consensus price target of $48.80.

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.