Albion Financial Group UT Lowers Holdings in Main Street Capital Corporation (NYSE:MAIN)

Albion Financial Group UT cut its position in shares of Main Street Capital Corporation (NYSE:MAIN - Free Report) by 16.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 94,767 shares of the financial services provider's stock after selling 19,150 shares during the period. Albion Financial Group UT owned about 0.11% of Main Street Capital worth $5,360,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. Naviter Wealth LLC raised its position in shares of Main Street Capital by 5.7% in the 1st quarter. Naviter Wealth LLC now owns 69,958 shares of the financial services provider's stock worth $3,964,000 after acquiring an additional 3,790 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Main Street Capital by 10.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 242,857 shares of the financial services provider's stock worth $13,736,000 after acquiring an additional 22,340 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Main Street Capital by 50.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,261 shares of the financial services provider's stock worth $468,000 after acquiring an additional 2,756 shares in the last quarter. Spire Wealth Management bought a new position in shares of Main Street Capital in the 1st quarter worth $40,000. Finally, Uncommon Cents Investing LLC raised its position in shares of Main Street Capital by 1.4% in the 1st quarter. Uncommon Cents Investing LLC now owns 16,206 shares of the financial services provider's stock worth $917,000 after acquiring an additional 231 shares in the last quarter. 20.31% of the stock is owned by institutional investors.

Main Street Capital Stock Performance

MAIN stock traded up $0.59 during midday trading on Wednesday, reaching $59.87. The stock had a trading volume of 215,066 shares, compared to its average volume of 473,966. The firm has a fifty day simple moving average of $56.08 and a two-hundred day simple moving average of $57.23. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.10 and a current ratio of 0.10. The stock has a market cap of $5.33 billion, a PE ratio of 10.16 and a beta of 0.82. Main Street Capital Corporation has a 52-week low of $45.00 and a 52-week high of $63.32.

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 for the quarter, beating analysts' consensus estimates of $1.00 by $0.01. The business had revenue of $137.05 million for the quarter, compared to analyst estimates of $137.50 million. Main Street Capital had a return on equity of 13.02% and a net margin of 94.61%. As a group, equities research analysts anticipate that Main Street Capital Corporation will post 4.11 EPS for the current year.

Main Street Capital Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 9th will be issued a $0.255 dividend. This represents a dividend yield of 5.18%. The ex-dividend date of this dividend is Tuesday, July 8th. Main Street Capital's dividend payout ratio is presently 50.93%.

Analyst Ratings Changes

MAIN has been the subject of several recent research reports. UBS Group reduced their price target on Main Street Capital from $55.00 to $54.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Truist Financial reduced their target price on Main Street Capital from $62.00 to $54.00 and set a "hold" rating on the stock in a research report on Monday, May 12th. Oppenheimer reaffirmed a "market perform" rating on shares of Main Street Capital in a research report on Tuesday, May 13th. B. Riley raised Main Street Capital to a "hold" rating in a research report on Monday, June 16th. Finally, Wall Street Zen raised Main Street Capital from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, Main Street Capital has a consensus rating of "Hold" and an average target price of $52.80.

Insider Buying and Selling at Main Street Capital

In other news, EVP Jason B. Beauvais sold 13,664 shares of the stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $59.37, for a total value of $811,231.68. Following the transaction, the executive vice president directly owned 181,526 shares of the company's stock, valued at approximately $10,777,198.62. This represents a 7.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.09% of the company's stock.

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.