Inscription Capital LLC Takes $656,000 Position in Main Street Capital Corporation (NYSE:MAIN)

Inscription Capital LLC bought a new position in shares of Main Street Capital Corporation (NYSE:MAIN - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,607 shares of the financial services provider's stock, valued at approximately $656,000.

A number of other hedge funds also recently bought and sold shares of MAIN. Kapitalo Investimentos Ltda purchased a new stake in Main Street Capital during the fourth quarter worth $45,000. Colonial Trust Advisors purchased a new stake in shares of Main Street Capital during the 4th quarter valued at $46,000. NBC Securities Inc. purchased a new stake in shares of Main Street Capital during the 1st quarter valued at $54,000. GAMMA Investing LLC lifted its holdings in shares of Main Street Capital by 5,557.9% during the 1st quarter. GAMMA Investing LLC now owns 1,075 shares of the financial services provider's stock valued at $61,000 after purchasing an additional 1,056 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Main Street Capital by 31.3% during the 4th 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 during the last quarter. Hedge funds and other institutional investors own 20.31% of the company's stock.

Insider Buying and Selling at Main Street Capital

In other Main Street Capital news, insider David L. Magdol sold 100,000 shares of Main Street Capital stock in a transaction dated Wednesday, March 26th. The stock was 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 owns 377,182 shares in the company, valued at approximately $21,895,415.10. This trade represents a 20.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Dwayne L. Hyzak sold 120,000 shares of Main Street Capital stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $58.05, for a total value 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 position. The disclosure for this sale can be found here. Company insiders own 4.00% of the company's stock.

Main Street Capital Stock Performance

MAIN stock traded down $0.41 during midday trading on Friday, reaching $58.10. The stock had a trading volume of 585,155 shares, compared to its average volume of 471,823. The stock has a market cap of $5.17 billion, a PE ratio of 9.86 and a beta of 0.82. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.10 and a current ratio of 0.10. The firm has a fifty day simple moving average of $55.27 and a two-hundred day simple moving average of $57.06. Main Street Capital Corporation has a 52-week low of $45.00 and a 52-week high of $63.32.

Main Street Capital (NYSE:MAIN - Get Free Report) last issued its earnings results on Thursday, May 8th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.00 by $0.01. The company 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, equities research analysts anticipate that Main Street Capital Corporation will post 4.11 EPS for the current year.

Main Street Capital Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 23rd will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, June 20th. This represents a dividend yield of 7.26%. This is a positive change from Main Street Capital's previous dividend of $0.25. Main Street Capital's dividend payout ratio (DPR) is presently 50.93%.

Analyst Ratings Changes

Several analysts have recently commented on MAIN shares. Wall Street Zen lowered Main Street Capital from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. Truist Financial decreased their price objective on Main Street Capital from $62.00 to $54.00 and set a "hold" rating for the company in a report on Monday, May 12th. B. Riley upgraded Main Street Capital to a "hold" rating in a report on Monday, June 16th. UBS Group decreased their price objective on Main Street Capital from $55.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Finally, Oppenheimer restated a "market perform" rating on shares of Main Street Capital in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $52.80.

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.