FSM Wealth Advisors LLC Invests $352,000 in Main Street Capital Corporation (NYSE:MAIN)

FSM Wealth Advisors LLC bought a new stake in Main Street Capital Corporation (NYSE:MAIN - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,218 shares of the financial services provider's stock, valued at approximately $352,000.

A number of other institutional investors have also bought and sold shares of MAIN. US Bancorp DE increased its stake in shares of Main Street Capital by 8.4% in the 4th quarter. US Bancorp DE now owns 2,579 shares of the financial services provider's stock valued at $151,000 after acquiring an additional 200 shares in the last quarter. Harbour Investments Inc. increased its stake in Main Street Capital by 6.9% in the fourth quarter. Harbour Investments Inc. now owns 3,512 shares of the financial services provider's stock valued at $206,000 after purchasing an additional 228 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Main Street Capital by 0.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 58,955 shares of the financial services provider's stock valued at $3,454,000 after purchasing an additional 229 shares during the period. Uncommon Cents Investing LLC boosted its position in shares of Main Street Capital by 1.4% during the 1st quarter. Uncommon Cents Investing LLC now owns 16,206 shares of the financial services provider's stock worth $917,000 after purchasing an additional 231 shares in the last quarter. Finally, Cornerstone Wealth Management LLC boosted its position in shares of Main Street Capital by 6.8% during the 1st quarter. Cornerstone Wealth Management LLC now owns 3,807 shares of the financial services provider's stock worth $215,000 after purchasing an additional 244 shares in the last quarter. Institutional investors own 20.31% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. B. Riley raised Main Street Capital to a "hold" rating in a research note on Monday, June 16th. Oppenheimer reaffirmed a "market perform" rating on shares of Main Street Capital in a research report on Tuesday, May 13th. Truist Financial cut their target price on Main Street Capital from $62.00 to $54.00 and set a "hold" rating on the stock in a report on Monday, May 12th. Wall Street Zen upgraded shares of Main Street Capital from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Finally, UBS Group lowered their price objective on shares of Main Street Capital from $55.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $52.80.

Insider Activity at Main Street Capital

In other news, EVP Jason B. Beauvais sold 13,664 shares of the company's stock in a transaction that occurred on Friday, June 27th. The stock was 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 directly owned 181,526 shares of the company's stock, valued at $10,777,198.62. This represents a 7.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.00% of the stock is currently owned by corporate insiders.

Main Street Capital Stock Up 1.4%

Shares of NYSE:MAIN opened at $60.12 on Thursday. The business's 50 day moving average is $56.21 and its 200 day moving average is $57.25. Main Street Capital Corporation has a 12-month low of $45.00 and a 12-month high of $63.32. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of 10.21 and a beta of 0.82. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.12.

Main Street Capital (NYSE:MAIN - Get Free Report) last issued 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. The business 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%. On average, sell-side analysts forecast that Main Street Capital Corporation will post 4.11 earnings per share for the current fiscal year.

Main Street Capital Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 9th will be paid a $0.255 dividend. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a yield of 5.18%. Main Street Capital's dividend payout ratio (DPR) is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.