Albion Financial Group UT Sells 19,150 Shares of Main Street Capital Corporation (NYSE:MAIN)

Albion Financial Group UT decreased its stake in Main Street Capital Corporation (NYSE:MAIN - Free Report) by 16.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 0.11% of Main Street Capital worth $5,360,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Brighton Jones LLC bought a new position in shares of Main Street Capital in the fourth quarter valued at $304,000. Bank of New York Mellon Corp grew its position in shares of Main Street Capital by 56.8% in the 4th quarter. Bank of New York Mellon Corp now owns 29,316 shares of the financial services provider's stock valued at $1,717,000 after acquiring an additional 10,625 shares during the period. Private Trust Co. NA increased its stake in shares of Main Street Capital by 14.4% during the 4th quarter. Private Trust Co. NA now owns 2,398 shares of the financial services provider's stock worth $140,000 after purchasing an additional 302 shares during the last quarter. US Bancorp DE increased its stake in shares of Main Street Capital by 8.4% during the 4th quarter. US Bancorp DE now owns 2,579 shares of the financial services provider's stock worth $151,000 after purchasing an additional 200 shares during the last quarter. Finally, Morgan Dempsey Capital Management LLC bought a new stake in shares of Main Street Capital in the 4th quarter valued at about $6,007,000. Institutional investors and hedge funds own 20.31% of the company's stock.

Insider Activity

In other news, EVP Jason B. Beauvais sold 13,664 shares of Main Street Capital stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $59.37, for a total value of $811,231.68. Following the completion of the sale, the executive vice president directly owned 181,526 shares in the company, valued at approximately $10,777,198.62. The trade was a 7.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 4.00% of the stock is currently owned by insiders.

Main Street Capital Stock Performance

NYSE:MAIN traded up $0.84 during mid-day trading on Thursday, hitting $61.00. 383,183 shares of the stock were exchanged, compared to its average volume of 474,656. The firm's 50-day simple moving average is $56.21 and its 200 day simple moving average is $57.25. The stock has a market capitalization of $5.43 billion, a price-to-earnings ratio of 10.36 and a beta of 0.82. Main Street Capital Corporation has a fifty-two week low of $45.00 and a fifty-two week high of $63.32. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.10 and a current ratio of 0.10.

Main Street Capital (NYSE:MAIN - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.01. The firm had revenue of $137.05 million for the quarter, compared to analysts' expectations 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 analysts anticipate that Main Street Capital Corporation will post 4.11 EPS for the current fiscal year.

Main Street Capital Cuts Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on MAIN shares. Wall Street Zen upgraded Main Street Capital from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Truist Financial reduced their target price on Main Street Capital from $62.00 to $54.00 and set a "hold" rating for the company in a research note on Monday, May 12th. UBS Group dropped their price target on Main Street Capital from $55.00 to $54.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Oppenheimer reaffirmed a "market perform" rating on shares of Main Street Capital in a report on Tuesday, May 13th. Finally, B. Riley upgraded shares of Main Street Capital to a "hold" rating in a report on Monday, June 16th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company presently 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.