Plancorp LLC Buys Shares of 5,025 Main Street Capital Corporation $MAIN

Plancorp LLC acquired a new stake in Main Street Capital Corporation (NYSE:MAIN - Free Report) in the first quarter, according to its most recent filing with the SEC. The fund acquired 5,025 shares of the financial services provider's stock, valued at approximately $284,000.

Other institutional investors have also recently made changes to their positions in the company. NewEdge Advisors LLC increased its stake in Main Street Capital by 5,416.7% in the first quarter. NewEdge Advisors LLC now owns 1,655 shares of the financial services provider's stock valued at $94,000 after acquiring an additional 1,625 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of Main Street Capital by 1.8% during the first quarter. Integrated Wealth Concepts LLC now owns 98,704 shares of the financial services provider's stock valued at $5,583,000 after purchasing an additional 1,712 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Main Street Capital by 7.0% during the first quarter. Advisors Asset Management Inc. now owns 109,897 shares of the financial services provider's stock valued at $6,216,000 after acquiring an additional 7,192 shares in the last quarter. Royal Bank of Canada grew its position in Main Street Capital by 3.6% in the 1st quarter. Royal Bank of Canada now owns 184,727 shares of the financial services provider's stock worth $10,448,000 after purchasing an additional 6,341 shares during the period. Finally, Quarry LP bought a new stake in shares of Main Street Capital during the 1st quarter valued at $48,000. Institutional investors own 20.31% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on MAIN. UBS Group reiterated a "neutral" rating and issued a $58.00 price target (up previously from $56.00) on shares of Main Street Capital in a research note on Wednesday, July 16th. Royal Bank Of Canada increased their target price on shares of Main Street Capital from $52.00 to $67.00 and gave the company an "outperform" rating in a research report on Thursday, August 28th. Zacks Research raised shares of Main Street Capital from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 20th. Wall Street Zen upgraded shares of Main Street Capital from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. Finally, Truist Financial boosted their price target on shares of Main Street Capital from $54.00 to $64.00 and gave the company a "hold" rating in a research note on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $61.20.

Insider Activity

In other Main Street Capital news, EVP Jason B. Beauvais sold 13,664 shares of the business's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $59.37, for a total transaction of $811,231.68. Following the sale, the executive vice president owned 181,526 shares in the company, valued at approximately $10,777,198.62. The trade was a 7.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nicholas Meserve sold 14,000 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $67.15, for a total value of $940,100.00. Following the completion of the sale, the director directly owned 82,383 shares of the company's stock, valued at approximately $5,532,018.45. The trade was a 14.53% decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by insiders.

Main Street Capital Price Performance

NYSE MAIN traded down $0.15 during trading hours on Friday, reaching $67.02. The company's stock had a trading volume of 307,605 shares, compared to its average volume of 541,950. The stock has a market cap of $5.99 billion, a PE ratio of 11.04 and a beta of 0.88. Main Street Capital Corporation has a fifty-two week low of $47.00 and a fifty-two week high of $67.77. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. The company's 50-day moving average is $64.84 and its two-hundred day moving average is $59.07.

Main Street Capital (NYSE:MAIN - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The financial services provider reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. The business had revenue of $143.97 million for the quarter, compared to analyst estimates of $137.23 million. Main Street Capital had a net margin of 96.16% and a return on equity of 12.70%. Analysts forecast that Main Street Capital Corporation will post 4.11 EPS for the current year.

Main Street Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, November 7th will be given a $0.255 dividend. The ex-dividend date is Friday, November 7th. This represents a c) annualized dividend and a yield of 4.6%. Main Street Capital's payout ratio is 50.41%.

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.