Ameriflex Group Inc. Buys Shares of 24,033 Main Street Capital Co. (NYSE:MAIN)

Ameriflex Group Inc. purchased a new position in Main Street Capital Co. (NYSE:MAIN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 24,033 shares of the financial services provider's stock, valued at approximately $1,489,000.

Several other institutional investors have also modified their holdings of the business. WCG Wealth Advisors LLC lifted its position in Main Street Capital by 4.9% in the fourth quarter. WCG Wealth Advisors LLC now owns 10,615 shares of the financial services provider's stock valued at $622,000 after acquiring an additional 500 shares during the last quarter. Burgundy Asset Management Ltd. raised its holdings in shares of Main Street Capital by 1.5% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,153,600 shares of the financial services provider's stock valued at $67,578,000 after buying an additional 17,196 shares during the last quarter. Vise Technologies Inc. raised its holdings in shares of Main Street Capital by 60.6% in the fourth quarter. Vise Technologies Inc. now owns 8,495 shares of the financial services provider's stock valued at $498,000 after buying an additional 3,204 shares during the last quarter. Delta Investment Management LLC raised its holdings in Main Street Capital by 26.9% during the fourth quarter. Delta Investment Management LLC now owns 26,280 shares of the financial services provider's stock worth $1,539,000 after purchasing an additional 5,563 shares in the last quarter. Finally, Squarepoint Ops LLC raised its holdings in Main Street Capital by 44.0% during the fourth quarter. Squarepoint Ops LLC now owns 24,875 shares of the financial services provider's stock worth $1,457,000 after purchasing an additional 7,598 shares in the last quarter. Institutional investors and hedge funds own 20.31% of the company's stock.

Insiders Place Their Bets

In other Main Street Capital news, insider David L. Magdol sold 100,000 shares of the firm's stock in a transaction that occurred on 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 sale, the insider now owns 377,182 shares in the company, valued at $21,895,415.10. This trade represents a 20.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dwayne L. Hyzak sold 120,000 shares of the firm's stock in a transaction that occurred on 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 sale, the chief executive officer now owns 402,371 shares of the company's stock, valued at approximately $23,357,636.55. This trade represents a 22.97% decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MAIN has been the subject of a number of research analyst reports. Oppenheimer reaffirmed a "market perform" rating on shares of Main Street Capital in a report on Tuesday, May 13th. Truist Financial dropped their target price on shares of Main Street Capital from $62.00 to $54.00 and set a "hold" rating for the company in a report on Monday, May 12th. Finally, UBS Group dropped their target price on shares of Main Street Capital from $55.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Main Street Capital currently has a consensus rating of "Hold" and a consensus target price of $52.80.

Main Street Capital Price Performance

Shares of MAIN stock traded down $0.06 during trading hours on Friday, hitting $56.61. The company's stock had a trading volume of 181,422 shares, compared to its average volume of 464,059. The business has a fifty day moving average of $54.25 and a 200-day moving average of $56.61. The stock has a market cap of $5.04 billion, a price-to-earnings ratio of 10.26 and a beta of 0.86. Main Street Capital Co. has a twelve month low of $45.00 and a twelve month high of $63.32. 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 (NYSE:MAIN - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate 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 net margin of 89.25% and a return on equity of 13.83%. As a group, equities research analysts anticipate that Main Street Capital Co. will post 4.11 EPS for the current year.

Main Street Capital Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Monday, September 8th. This represents a $3.06 dividend on an annualized basis and a yield of 5.41%. This is an increase from Main Street Capital's previous monthly dividend of $0.25. Main Street Capital's dividend payout ratio (DPR) is currently 50.93%.

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.