Jefferies Financial Group Inc. Takes $3.99 Million Position in Main Street Capital Co. (NYSE:MAIN)

Jefferies Financial Group Inc. bought a new position in shares of Main Street Capital Co. (NYSE:MAIN - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 68,160 shares of the financial services provider's stock, valued at approximately $3,993,000. Jefferies Financial Group Inc. owned 0.08% of Main Street Capital as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MAIN. Van ECK Associates Corp increased its holdings in shares of Main Street Capital by 7.8% in the fourth quarter. Van ECK Associates Corp now owns 1,288,309 shares of the financial services provider's stock valued at $75,469,000 after buying an additional 92,833 shares in the last quarter. Burgundy Asset Management Ltd. raised its position in shares of Main Street Capital by 1.5% during the fourth quarter. Burgundy Asset Management Ltd. now owns 1,153,600 shares of the financial services provider's stock worth $67,578,000 after purchasing an additional 17,196 shares during the period. Adell Harriman & Carpenter Inc. raised its position in shares of Main Street Capital by 1.5% during the fourth quarter. Adell Harriman & Carpenter Inc. now owns 425,552 shares of the financial services provider's stock worth $24,929,000 after purchasing an additional 6,297 shares during the period. LPL Financial LLC lifted its holdings in shares of Main Street Capital by 1.6% during the fourth quarter. LPL Financial LLC now owns 299,165 shares of the financial services provider's stock valued at $17,525,000 after purchasing an additional 4,740 shares during the last quarter. Finally, Muzinich & Co. Inc. boosted its position in shares of Main Street Capital by 5.0% in the 4th quarter. Muzinich & Co. Inc. now owns 222,977 shares of the financial services provider's stock valued at $13,062,000 after purchasing an additional 10,593 shares during the period. 20.31% of the stock is currently owned by institutional investors.

Insider Activity at Main Street Capital

In other news, CEO Dwayne L. Hyzak sold 120,000 shares of the stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $58.05, for a total transaction of $6,966,000.00. Following the transaction, the chief executive officer now owns 402,371 shares of the company's stock, valued at approximately $23,357,636.55. This represents a 22.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David L. Magdol sold 100,000 shares of the company's stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $58.05, for a total value of $5,805,000.00. Following the sale, the insider now directly owns 377,182 shares of the company's stock, valued at $21,895,415.10. The trade was a 20.96% decrease in their position. The disclosure for this sale can be found here. Insiders own 4.00% of the company's stock.

Main Street Capital Stock Up 0.5%

Shares of NYSE MAIN traded up $0.27 during mid-day trading on Friday, reaching $56.94. The company had a trading volume of 345,054 shares, compared to its average volume of 464,677. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.08 and a current ratio of 0.08. Main Street Capital Co. has a twelve month low of $45.00 and a twelve month high of $63.32. The stock's 50 day moving average is $54.21 and its 200-day moving average is $56.63. The stock has a market capitalization of $5.07 billion, a PE ratio of 10.31 and a beta of 0.86.

Main Street Capital (NYSE:MAIN - Get Free Report) last issued its earnings results on Thursday, May 8th. The financial services provider reported $1.01 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.01. Main Street Capital had a return on equity of 13.83% and a net margin of 89.25%. The firm had revenue of $137.05 million for the quarter, compared to the consensus estimate of $137.50 million. As a group, equities analysts anticipate that Main Street Capital Co. will post 4.11 earnings per share for the current fiscal year.

Main Street Capital Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 8th will be issued a $0.255 dividend. The ex-dividend date of this dividend is Monday, September 8th. This represents a $3.06 dividend on an annualized basis and a yield of 5.37%. This is an increase from Main Street Capital's previous monthly dividend of $0.25. Main Street Capital's dividend payout ratio is currently 50.93%.

Analysts Set New Price Targets

A number of analysts have commented on MAIN shares. UBS Group reduced their price objective on shares of Main Street Capital from $55.00 to $54.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Oppenheimer restated a "market perform" rating on shares of Main Street Capital in a report on Tuesday, May 13th. Finally, Truist Financial decreased their price objective on shares of Main Street Capital from $62.00 to $54.00 and set a "hold" rating for the company in a research note on Monday, May 12th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $52.80.

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.