Childress Capital Advisors LLC Has $6.35 Million Holdings in Main Street Capital Corporation (NYSE:MAIN)

Childress Capital Advisors LLC cut its stake in shares of Main Street Capital Corporation (NYSE:MAIN - Free Report) by 3.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 112,210 shares of the financial services provider's stock after selling 4,400 shares during the period. Main Street Capital comprises approximately 1.8% of Childress Capital Advisors LLC's investment portfolio, making the stock its 13th biggest position. Childress Capital Advisors LLC owned approximately 0.13% of Main Street Capital worth $6,347,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in shares of Main Street Capital in the fourth quarter worth $957,000. Nomura Asset Management Co. Ltd. grew its stake in shares of Main Street Capital by 270.9% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 9,301 shares of the financial services provider's stock worth $545,000 after purchasing an additional 6,793 shares during the last quarter. AssuredPartners Investment Advisors LLC bought a new stake in shares of Main Street Capital in the fourth quarter worth $385,000. Morgan Dempsey Capital Management LLC bought a new stake in shares of Main Street Capital in the fourth quarter worth $6,007,000. Finally, Atria Investments Inc bought a new stake in shares of Main Street Capital in the fourth quarter worth $754,000. Institutional investors own 20.31% of the company's stock.

Insider Activity

In other Main Street Capital news, CEO Dwayne L. Hyzak sold 120,000 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 402,371 shares in the company, valued at approximately $23,357,636.55. This trade represents a 22.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David L. Magdol sold 100,000 shares of the stock in a transaction dated Wednesday, March 26th. The shares were 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 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. Company insiders own 4.00% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on MAIN shares. B. Riley raised shares of Main Street Capital to a "hold" rating in a research note on Monday, June 16th. Oppenheimer reissued a "market perform" rating on shares of Main Street Capital in a research note on Tuesday, May 13th. Truist Financial reduced their price objective on shares of Main Street Capital from $62.00 to $54.00 and set a "hold" rating on the stock in a research note on Monday, May 12th. Wall Street Zen cut shares of Main Street Capital from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. Finally, UBS Group cut their price target on shares of Main Street Capital from $55.00 to $54.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Main Street Capital currently has a consensus rating of "Hold" and an average target price of $52.80.

Main Street Capital Price Performance

Shares of NYSE MAIN opened at $58.10 on Friday. The firm's 50-day moving average price is $55.27 and its 200-day moving average price is $57.06. Main Street Capital Corporation has a 1-year low of $45.00 and a 1-year high of $63.32. The firm has a market capitalization of $5.17 billion, a P/E ratio of 9.86 and a beta of 0.82. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.12.

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 the consensus estimate of $1.00 by $0.01. Main Street Capital had a net margin of 94.61% and a return on equity of 13.02%. The firm had revenue of $137.05 million for the quarter, compared to analyst estimates of $137.50 million. Equities research analysts anticipate that Main Street Capital Corporation will post 4.11 earnings per share for the current fiscal year.

Main Street Capital Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 23rd will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, June 20th. This represents a dividend yield of 7.26%. This is a positive change from Main Street Capital's previous dividend of $0.25. Main Street Capital's dividend payout ratio 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.

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