Main Street Capital Corporation (NYSE:MAIN) Shares Acquired by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC grew its stake in shares of Main Street Capital Corporation (NYSE:MAIN - Free Report) by 23.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,657 shares of the financial services provider's stock after purchasing an additional 5,418 shares during the period. Foundations Investment Advisors LLC's holdings in Main Street Capital were worth $1,621,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Brighton Jones LLC bought a new stake in Main Street Capital during the fourth quarter worth about $304,000. LPL Financial LLC lifted its stake in shares of Main Street Capital by 1.6% in the fourth quarter. LPL Financial LLC now owns 299,165 shares of the financial services provider's stock worth $17,525,000 after buying an additional 4,740 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Main Street Capital by 37.1% in the fourth quarter. JPMorgan Chase & Co. now owns 139,189 shares of the financial services provider's stock worth $8,154,000 after buying an additional 37,640 shares in the last quarter. Blair William & Co. IL lifted its stake in shares of Main Street Capital by 2.2% in the fourth quarter. Blair William & Co. IL now owns 41,214 shares of the financial services provider's stock worth $2,414,000 after buying an additional 872 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted 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 buying an additional 6,793 shares in the last quarter. Institutional investors own 20.31% of the company's stock.

Main Street Capital Price Performance

MAIN traded down $0.82 during midday trading on Friday, hitting $63.88. 574,780 shares of the company traded hands, compared to its average volume of 452,211. The business has a 50 day simple moving average of $60.36 and a two-hundred day simple moving average of $58.17. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $5.69 billion, a price-to-earnings ratio of 10.85 and a beta of 0.82. Main Street Capital Corporation has a 52-week low of $45.00 and a 52-week high of $66.39.

Main Street Capital (NYSE:MAIN - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.01. The firm 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 94.61% and a return on equity of 13.02%. On average, equities analysts forecast that Main Street Capital Corporation will post 4.11 earnings per share for the current fiscal year.

Main Street Capital Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, August 15th. Stockholders of record on Monday, August 11th will be paid a $0.255 dividend. This represents a dividend yield of 473.0%. The ex-dividend date of this dividend is Friday, August 8th. Main Street Capital's payout ratio is 51.95%.

Wall Street Analysts Forecast Growth

MAIN has been the topic of several analyst reports. Truist Financial dropped their target price 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. Oppenheimer reissued a "market perform" rating on shares of Main Street Capital in a report on Tuesday, May 13th. B. Riley raised shares of Main Street Capital to a "hold" rating in a report on Monday, June 16th. UBS Group reissued a "neutral" rating and set a $58.00 price objective (up from $56.00) on shares of Main Street Capital in a report on Wednesday, July 16th. Finally, Wall Street Zen cut shares of Main Street Capital from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Main Street Capital has a consensus rating of "Hold" and an average price target of $53.60.

Insider Activity

In related 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 transaction, the executive vice president 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.00% of the company's stock.

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.