Main Street Capital Co. (NYSE:MAIN) Short Interest Update

Main Street Capital Co. (NYSE:MAIN) was the target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 3,620,000 shares, an increase of 7.7% from the October 15th total of 3,360,000 shares. Based on an average daily trading volume, of 362,900 shares, the days-to-cover ratio is presently 10.0 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on MAIN shares. StockNews.com initiated coverage on shares of Main Street Capital in a report on Thursday, October 5th. They set a “hold” rating for the company. B. Riley raised their target price on shares of Main Street Capital from $46.00 to $47.00 in a research report on Monday, August 7th. Finally, Oppenheimer reissued a “market perform” rating and issued a $41.00 target price on shares of Main Street Capital in a research report on Monday, August 7th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $43.20.

Main Street Capital Trading Down 0.1 %

MAIN stock traded down $0.03 during midday trading on Friday, reaching $40.53. 268,399 shares of the company’s stock traded hands, compared to its average volume of 436,441. The company has a market capitalization of $3.39 billion, a P/E ratio of 8.20 and a beta of 1.30. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.09 and a quick ratio of 0.09. Main Street Capital has a fifty-two week low of $35.41 and a fifty-two week high of $43.15. The business has a 50-day moving average price of $40.03 and a two-hundred day moving average price of $40.18.

Main Street Capital Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 8th were given a dividend of $0.235 per share. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a yield of 6.91%. Main Street Capital’s dividend payout ratio (DPR) is 57.09%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MAIN. Princeton Global Asset Management LLC acquired a new position in Main Street Capital during the second quarter valued at approximately $25,000. Tucker Asset Management LLC acquired a new position in Main Street Capital during the first quarter valued at approximately $26,000. Citigroup Inc. lifted its position in shares of Main Street Capital by 945.9% during the third quarter. Citigroup Inc. now owns 638 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 577 shares in the last quarter. Spire Wealth Management acquired a new position in shares of Main Street Capital during the first quarter worth $41,000. Finally, Impact Partnership Wealth LLC lifted its position in shares of Main Street Capital by 562.3% during the third quarter. Impact Partnership Wealth LLC now owns 1,000 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 849 shares in the last quarter. 20.20% of the stock is owned by institutional investors and hedge funds.

About Main Street Capital

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.