Axa S.A. Invests $487,000 in Main Street Capital Co. (NYSE:MAIN)

AXA S.A. purchased a new position in shares of Main Street Capital Co. (NYSE:MAIN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,317 shares of the financial services provider's stock, valued at approximately $487,000.

Other large investors have also recently modified their holdings of the company. Barclays PLC grew its stake in shares of Main Street Capital by 75.6% in the 3rd quarter. Barclays PLC now owns 72,265 shares of the financial services provider's stock valued at $3,624,000 after buying an additional 31,110 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Main Street Capital in the 3rd quarter worth about $50,000. Franklin Resources Inc. boosted its stake in Main Street Capital by 19.3% during the 3rd quarter. Franklin Resources Inc. now owns 217,461 shares of the financial services provider's stock valued at $11,119,000 after purchasing an additional 35,227 shares during the last quarter. RMR Wealth Builders raised its stake in shares of Main Street Capital by 6.3% in the fourth quarter. RMR Wealth Builders now owns 14,140 shares of the financial services provider's stock worth $828,000 after purchasing an additional 832 shares during the last quarter. Finally, Brookstone Capital Management bought a new stake in Main Street Capital during the fourth quarter worth $226,000. Institutional investors own 20.31% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on MAIN. UBS Group decreased their price objective on shares of 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. Truist Financial decreased their price target on shares of Main Street Capital from $62.00 to $54.00 and set a "hold" rating for the company in a research note on Monday. Finally, Oppenheimer reduced their price objective on Main Street Capital from $58.00 to $53.00 and set a "market perform" rating for the company in a report on Tuesday. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $52.80.

Insiders Place Their Bets

In other Main Street Capital news, insider David L. Magdol sold 100,000 shares of the company's stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $58.05, for a total transaction of $5,805,000.00. Following the transaction, the insider now owns 377,182 shares in the company, valued at approximately $21,895,415.10. This represents a 20.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dwayne L. Hyzak sold 120,000 shares of the stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $58.05, for a total value of $6,966,000.00. Following the completion of the transaction, the chief executive officer now directly owns 402,371 shares in the company, valued at approximately $23,357,636.55. This represents a 22.97% decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.00% of the company's stock.

Main Street Capital Price Performance

Shares of MAIN stock traded up $0.04 during trading hours on Tuesday, hitting $53.93. 655,815 shares of the company's stock were exchanged, compared to its average volume of 452,332. The company has a market capitalization of $4.78 billion, a PE ratio of 9.77 and a beta of 0.86. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13. Main Street Capital Co. has a 12-month low of $45.00 and a 12-month high of $63.32. The business's 50 day simple moving average is $54.64 and its 200-day simple moving average is $56.33.

Main Street Capital (NYSE:MAIN - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.01. Main Street Capital had a return on equity of 13.83% and a net margin of 89.25%. The firm had revenue of $137.05 million for the quarter, compared to analysts' expectations of $137.50 million. On average, equities research analysts anticipate that Main Street Capital Co. will post 4.11 earnings per share for the current year.

Main Street Capital Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 8th will be given a dividend of $0.255 per share. This is a positive change from Main Street Capital's previous monthly dividend of $0.25. The ex-dividend date is Monday, September 8th. This represents a $3.06 dividend on an annualized basis and a yield of 5.67%. Main Street Capital's dividend payout ratio is presently 50.93%.

Main Street Capital 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.