GSA Capital Partners LLP Grows Stock Position in Main Street Capital Corporation (NYSE:MAIN)

Key Points

• GSA Capital Partners LLP increased its stake in Main Street Capital by 127.3%, acquiring an additional 6,342 shares for a total of 11,325 shares, valued at approximately $641,000.
• Main Street Capital is set to pay a dividend of $0.255 per share on August 15, with an ex-dividend date on August 8, representing a significant yield of 473.0%.
• Despite a recent stock decline of 1.3%, Main Street Capital reported an EPS of $1.01, surpassing analyst expectations, and has a current stock price at $63.88.

GSA Capital Partners LLP boosted its position in Main Street Capital Corporation (NYSE:MAIN - Free Report) by 127.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,325 shares of the financial services provider's stock after acquiring an additional 6,342 shares during the period. GSA Capital Partners LLP's holdings in Main Street Capital were worth $641,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Main Street Capital by 50.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,261 shares of the financial services provider's stock worth $468,000 after acquiring an additional 2,756 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in Main Street Capital by 10.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 242,857 shares of the financial services provider's stock valued at $13,736,000 after buying an additional 22,340 shares in the last quarter. Segment Wealth Management LLC grew its holdings in Main Street Capital by 134.3% in the 1st quarter. Segment Wealth Management LLC now owns 117,994 shares of the financial services provider's stock valued at $6,674,000 after buying an additional 67,626 shares in the last quarter. Victory Capital Management Inc. acquired a new position in Main Street Capital in the 1st quarter valued at $6,205,000. Finally, U.S. Capital Wealth Advisors LLC grew its holdings in Main Street Capital by 4.5% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 128,599 shares of the financial services provider's stock valued at $7,274,000 after buying an additional 5,522 shares in the last quarter. 20.31% of the stock is currently owned by institutional investors and hedge funds.

Main Street Capital Stock Performance

Main Street Capital stock traded down $0.73 during mid-day trading on Thursday, reaching $63.42. 509,256 shares of the stock traded hands, compared to its average volume of 549,180. The stock has a market capitalization of $5.65 billion, a PE ratio of 10.78 and a beta of 0.85. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.10 and a quick ratio of 0.10. Main Street Capital Corporation has a 12-month low of $47.00 and a 12-month high of $66.39. The business's 50-day moving average is $60.81 and its 200-day moving average is $58.25.

Main Street Capital (NYSE:MAIN - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.01. The business had revenue of $137.05 million during 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%. As a group, sell-side analysts predict that Main Street Capital Corporation will post 4.11 EPS for the current fiscal year.

Main Street Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 8th will be issued a dividend of $0.255 per share. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date is Monday, December 8th. Main Street Capital's dividend payout ratio (DPR) is presently 51.95%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. UBS Group reaffirmed a "neutral" rating and issued a $58.00 price objective (up from $56.00) on shares of Main Street Capital in a research note on Wednesday, July 16th. Truist Financial dropped 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. Wall Street Zen raised Main Street Capital from a "sell" rating to a "hold" rating in a research report on Sunday. Oppenheimer reiterated a "market perform" rating on shares of Main Street Capital in a report on Tuesday, May 13th. Finally, B. Riley upgraded Main Street Capital to a "hold" rating in a research note on Monday, June 16th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $53.60.

Insider Buying and Selling

In other Main Street Capital news, EVP Jason B. Beauvais sold 13,664 shares of the 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 sale, the executive vice president owned 181,526 shares of the company's stock, valued at approximately $10,777,198.62. This trade represents a 7.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.00% of the stock is owned by insiders.

About Main Street Capital

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.