Main Street Capital Co. (NYSE:MAIN) Shares Bought by Squarepoint Ops LLC

Squarepoint Ops LLC increased its holdings in shares of Main Street Capital Co. (NYSE:MAIN - Free Report) by 44.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,875 shares of the financial services provider's stock after buying an additional 7,598 shares during the quarter. Squarepoint Ops LLC's holdings in Main Street Capital were worth $1,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MAIN. ProShare Advisors LLC raised its holdings in shares of Main Street Capital by 17.7% in the fourth quarter. ProShare Advisors LLC now owns 15,434 shares of the financial services provider's stock worth $904,000 after buying an additional 2,322 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of Main Street Capital in the 4th quarter valued at $3,993,000. Kaizen Financial Strategies purchased a new position in Main Street Capital in the 4th quarter worth $213,000. Focus Partners Wealth lifted its position in Main Street Capital by 9.6% during the 4th quarter. Focus Partners Wealth now owns 8,790 shares of the financial services provider's stock worth $521,000 after acquiring an additional 768 shares during the period. Finally, Eagle Global Advisors LLC lifted its position in Main Street Capital by 21.9% during the 4th quarter. Eagle Global Advisors LLC now owns 13,470 shares of the financial services provider's stock worth $789,000 after acquiring an additional 2,420 shares during the period. 20.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MAIN has been the topic of a number of research reports. Truist Financial cut their price objective 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. UBS Group dropped their target price on Main Street Capital from $55.00 to $54.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Wall Street Zen lowered shares of Main Street Capital from a "hold" rating to a "sell" rating in a research report on Saturday. Finally, Oppenheimer reaffirmed a "market perform" rating on shares of Main Street Capital in a report on Tuesday, May 13th. One 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 presently has an average rating of "Hold" and an average price target of $52.80.

Main Street Capital Stock Performance

MAIN traded up $0.19 on Wednesday, reaching $56.65. The stock had a trading volume of 458,348 shares, compared to its average volume of 467,515. The business's 50-day moving average price is $54.11 and its two-hundred day moving average price is $56.76. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13. Main Street Capital Co. has a 12-month low of $45.00 and a 12-month high of $63.32. The company has a market cap of $5.04 billion, a P/E ratio of 10.26 and a beta of 0.86.

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

Main Street Capital Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 8th will be paid a $0.255 dividend. The ex-dividend date of this dividend is Monday, September 8th. This is a positive change from Main Street Capital's previous monthly dividend of $0.25. This represents a $3.06 dividend on an annualized basis and a dividend yield of 5.40%. Main Street Capital's payout ratio is currently 50.93%.

Insider Buying and Selling

In other news, insider David L. Magdol sold 100,000 shares of Main Street Capital stock in a transaction on 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 transaction, the insider now owns 377,182 shares in the company, valued at $21,895,415.10. The trade was a 20.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Dwayne L. Hyzak sold 120,000 shares of the company's stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $58.05, for a total transaction of $6,966,000.00. Following the completion of the sale, the chief executive officer now directly owns 402,371 shares of the company's stock, valued at $23,357,636.55. This represents a 22.97% decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is owned by company insiders.

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.