Susquehanna Fundamental Investments LLC bought a new position in Main Street Capital Co. (NYSE:MAIN - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 33,333 shares of the financial services provider's stock, valued at approximately $1,953,000.
A number of other large investors also recently modified their holdings of MAIN. Asset Planning Inc acquired a new stake in shares of Main Street Capital during the 4th quarter worth approximately $29,000. Colonial Trust Advisors bought a new stake in Main Street Capital in the fourth quarter valued at $46,000. Wilmington Savings Fund Society FSB bought a new position in shares of Main Street Capital during the third quarter worth about $50,000. AdvisorNet Financial Inc lifted its position in Main Street Capital by 145.8% in the 4th quarter. AdvisorNet Financial Inc now owns 1,229 shares of the financial services provider's stock valued at $72,000 after purchasing an additional 729 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its stake in shares of Main Street Capital by 31.3% in the fourth quarter. Jones Financial Companies Lllp now owns 1,306 shares of the financial services provider's stock valued at $77,000 after purchasing an additional 311 shares during the period. 20.31% of the stock is currently owned by hedge funds and other institutional investors.
Main Street Capital Trading Up 0.1 %
Shares of MAIN stock traded up $0.06 on Tuesday, reaching $53.16. 184,749 shares of the stock were exchanged, compared to its average volume of 445,082. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08. Main Street Capital Co. has a one year low of $45.00 and a one year high of $63.32. The stock has a 50 day moving average price of $55.26 and a 200 day moving average price of $56.29. The stock has a market cap of $4.71 billion, a PE ratio of 9.63 and a beta of 0.86.
Main Street Capital (NYSE:MAIN - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.06). Main Street Capital had a return on equity of 13.83% and a net margin of 89.25%. The company had revenue of $140.44 million for the quarter, compared to analyst estimates of $141.40 million. Equities research analysts forecast that Main Street Capital Co. will post 4.11 EPS for the current fiscal year.
Main Street Capital Cuts Dividend
The company also recently announced a dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, May 9th will be issued a $0.25 dividend. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend is Thursday, May 8th. Main Street Capital's dividend payout ratio is currently 51.37%.
Wall Street Analyst Weigh In
Several equities analysts have commented on MAIN shares. Truist Financial raised their target price on shares of Main Street Capital from $52.00 to $62.00 and gave the company a "hold" rating in a research note on Monday, March 3rd. UBS Group decreased their price target on Main Street Capital from $55.00 to $54.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $52.60.
View Our Latest Report on MAIN
Insider Activity
In related news, CEO Dwayne L. Hyzak sold 120,000 shares of the stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $58.05, for a total transaction of $6,966,000.00. Following the completion of the sale, the chief executive officer now directly owns 402,371 shares of the company's stock, valued at approximately $23,357,636.55. This trade represents a 22.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David L. Magdol sold 100,000 shares of the company's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $58.05, for a total value of $5,805,000.00. Following the completion of the transaction, the insider now owns 377,182 shares of the company's stock, valued at $21,895,415.10. This trade represents a 20.96 % decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by corporate insiders.
About Main Street Capital
(
Free Report)
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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