Brevan Howard Capital Management LP Makes New Investment in Main Street Capital Co. (NYSE:MAIN)

Brevan Howard Capital Management LP acquired a new stake in Main Street Capital Co. (NYSE:MAIN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 9,621 shares of the financial services provider's stock, valued at approximately $564,000.

A number of other hedge funds and other institutional investors have also modified their holdings of MAIN. Asset Planning Inc acquired a new position in Main Street Capital in the fourth quarter valued at approximately $29,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Main Street Capital in the 4th quarter worth $45,000. Colonial Trust Advisors acquired a new stake in shares of Main Street Capital in the 4th quarter worth $46,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Main Street Capital in the 3rd quarter valued at about $50,000. Finally, AdvisorNet Financial Inc increased its holdings in Main Street Capital by 145.8% during the 4th quarter. AdvisorNet Financial Inc now owns 1,229 shares of the financial services provider's stock valued at $72,000 after acquiring an additional 729 shares in the last quarter. 20.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Main Street Capital

In other Main Street Capital news, CEO Dwayne L. Hyzak sold 120,000 shares of the business'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 $6,966,000.00. Following the completion of the transaction, the chief executive officer now directly owns 402,371 shares of the company's stock, valued at $23,357,636.55. The trade was a 22.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David L. Magdol sold 100,000 shares of the company's stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $58.05, for a total transaction 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 approximately $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 owned by insiders.

Main Street Capital Stock Up 0.1%

Shares of MAIN traded up $0.04 during mid-day trading on Tuesday, reaching $53.93. 655,815 shares of the stock traded hands, compared to its average volume of 452,332. The stock has a fifty day simple moving average of $54.64 and a 200 day simple moving average of $56.33. The firm has a market cap of $4.78 billion, a price-to-earnings ratio of 9.77 and a beta of 0.86. Main Street Capital Co. has a 12-month low of $45.00 and a 12-month high of $63.32. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.13.

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 the consensus estimate 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. Sell-side analysts expect that Main Street Capital Co. will post 4.11 EPS for the current fiscal year.

Main Street Capital Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 8th will be paid 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 of this dividend is Monday, September 8th. This represents a $3.06 annualized dividend and a yield of 5.67%. Main Street Capital's payout ratio is presently 50.93%.

Analyst Upgrades and Downgrades

MAIN has been the topic of several recent analyst reports. UBS Group cut their price objective on shares of Main Street Capital from $55.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Oppenheimer reduced their price target on shares of Main Street Capital from $58.00 to $53.00 and set a "market perform" rating on the stock in a research report on Tuesday. Finally, Truist Financial reduced their price target on shares of Main Street Capital from $62.00 to $54.00 and set a "hold" rating on the stock in a research report on Monday. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, Main Street Capital has an average rating of "Hold" and an average price target of $52.80.

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.