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

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

Several other institutional investors also recently bought and sold shares of the stock. US Bancorp DE increased its position in shares of Main Street Capital by 8.4% in the fourth quarter. US Bancorp DE now owns 2,579 shares of the financial services provider's stock valued at $151,000 after buying an additional 200 shares in the last quarter. Harbour Investments Inc. increased its position in shares of 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 buying an additional 228 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Main Street Capital by 0.4% in 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 buying an additional 229 shares in the last quarter. Uncommon Cents Investing LLC increased its position in shares of Main Street Capital by 1.4% in the first quarter. Uncommon Cents Investing LLC now owns 16,206 shares of the financial services provider's stock valued at $917,000 after buying an additional 231 shares in the last quarter. Finally, Cornerstone Wealth Management LLC increased its position in shares of Main Street Capital by 6.8% in the first quarter. Cornerstone Wealth Management LLC now owns 3,807 shares of the financial services provider's stock valued at $215,000 after buying an additional 244 shares in the last quarter. 20.31% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Main Street Capital news, EVP Jason B. Beauvais sold 13,664 shares of the business's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $59.37, for a total transaction of $811,231.68. Following the transaction, the executive vice president owned 181,526 shares of the company's stock, valued at approximately $10,777,198.62. The trade was a 7.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 4.09% of the company's stock.

Analysts Set New Price Targets

MAIN has been the subject of a number of recent analyst reports. Wall Street Zen upgraded Main Street Capital from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. B. Riley raised Main Street Capital to a "hold" rating in a research note on Monday, June 16th. 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 note on Thursday, April 17th. Oppenheimer reaffirmed a "market perform" rating on shares of Main Street Capital in a research note 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 note on Monday, May 12th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $52.80.

Main Street Capital Trading Up 1.4%

NYSE MAIN traded up $0.84 on Friday, reaching $61.00. 383,183 shares of the company were exchanged, compared to its average volume of 475,393. The business's fifty day moving average price is $56.48 and its 200 day moving average price is $57.35. The stock has a market capitalization of $5.43 billion, a P/E ratio of 10.36 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 Corporation has a fifty-two week low of $45.00 and a fifty-two week high of $63.32.

Main Street Capital (NYSE:MAIN - Get Free Report) last released its quarterly earnings data 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 company had revenue of $137.05 million for the quarter, compared to analyst estimates of $137.50 million. Main Street Capital had a return on equity of 13.02% and a net margin of 94.61%. Analysts forecast that Main Street Capital Corporation will post 4.11 earnings per share for the current year.

Main Street Capital Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 9th will be paid a dividend of $0.255 per share. This represents a yield of 5.18%. The ex-dividend date is Tuesday, July 8th. 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.