Delta Investment Management LLC Buys 5,563 Shares of Main Street Capital Co. (NYSE:MAIN)

Delta Investment Management LLC raised its position in shares of Main Street Capital Co. (NYSE:MAIN - Free Report) by 26.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,280 shares of the financial services provider's stock after purchasing an additional 5,563 shares during the period. Delta Investment Management LLC's holdings in Main Street Capital were worth $1,539,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Asset Planning Inc purchased a new stake in shares of Main Street Capital during the fourth quarter worth $29,000. Kapitalo Investimentos Ltda purchased a new stake in Main Street Capital during the fourth quarter valued at about $45,000. Colonial Trust Advisors purchased a new stake in Main Street Capital during the fourth quarter valued at about $46,000. Jones Financial Companies Lllp raised its position in Main Street Capital by 31.3% during the fourth quarter. Jones Financial Companies Lllp now owns 1,306 shares of the financial services provider's stock valued at $77,000 after purchasing an additional 311 shares in the last quarter. Finally, Signaturefd LLC raised its position in Main Street Capital by 34.2% during the fourth quarter. Signaturefd LLC now owns 1,494 shares of the financial services provider's stock valued at $88,000 after purchasing an additional 381 shares in the last quarter. 20.31% of the stock is owned by institutional investors.

Insider Buying and Selling at Main Street Capital

In other news, insider David L. Magdol sold 100,000 shares of Main Street Capital stock in a transaction that occurred on 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 transaction, the insider now directly owns 377,182 shares in the company, valued at approximately $21,895,415.10. This trade represents a 20.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dwayne L. Hyzak sold 120,000 shares of Main Street Capital stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $58.05, for a total transaction of $6,966,000.00. Following the transaction, the chief executive officer now owns 402,371 shares of the company's stock, valued at $23,357,636.55. The trade was a 22.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MAIN shares. UBS Group lowered their price target on 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. Oppenheimer restated a "market perform" rating on shares of Main Street Capital in a research report on Tuesday, May 13th. Finally, Truist Financial lowered their price target 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. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, Main Street Capital has a consensus rating of "Hold" and a consensus target price of $52.80.

Main Street Capital Trading Up 0.5%

Shares of NYSE:MAIN traded up $0.28 on Friday, reaching $55.48. 344,736 shares of the company traded hands, compared to its average volume of 463,383. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $4.94 billion, a P/E ratio of 10.05 and a beta of 0.86. Main Street Capital Co. has a 52 week low of $45.00 and a 52 week high of $63.32. The business's 50-day simple moving average is $54.38 and its 200 day simple moving average is $56.47.

Main Street Capital (NYSE:MAIN - Get Free Report) last posted its earnings results on Thursday, May 8th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.01. The company 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 13.83% and a net margin of 89.25%. As a group, equities analysts anticipate that Main Street Capital Co. will post 4.11 EPS for the current fiscal year.

Main Street Capital Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 8th will be paid a $0.255 dividend. The ex-dividend date is Monday, September 8th. This is a boost from Main Street Capital's previous monthly dividend of $0.25. This represents a $3.06 annualized dividend and a dividend yield of 5.52%. Main Street Capital's dividend payout ratio (DPR) is presently 50.93%.

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.