Two Sigma Investments LP Has $2.25 Million Position in Main Street Capital Co. (NYSE:MAIN)

Two Sigma Investments LP reduced its position in Main Street Capital Co. (NYSE:MAIN - Free Report) by 44.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,459 shares of the financial services provider's stock after selling 31,061 shares during the quarter. Two Sigma Investments LP's holdings in Main Street Capital were worth $2,253,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MAIN. Van ECK Associates Corp boosted its holdings in shares of Main Street Capital by 7.8% in the 4th 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 during the period. Adell Harriman & Carpenter Inc. lifted its holdings in Main Street Capital by 1.5% in the fourth quarter. Adell Harriman & Carpenter Inc. now owns 425,552 shares of the financial services provider's stock worth $24,929,000 after acquiring an additional 6,297 shares during the last quarter. LPL Financial LLC boosted its stake in Main Street Capital by 1.6% in the fourth quarter. LPL Financial LLC now owns 299,165 shares of the financial services provider's stock valued at $17,525,000 after acquiring an additional 4,740 shares during the period. Muzinich & Co. Inc. raised its position in shares of Main Street Capital by 5.0% during the 4th quarter. Muzinich & Co. Inc. now owns 222,977 shares of the financial services provider's stock worth $13,062,000 after purchasing an additional 10,593 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in shares of Main Street Capital by 5.0% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 220,517 shares of the financial services provider's stock worth $12,918,000 after purchasing an additional 10,593 shares during the period. Institutional investors and hedge funds own 20.31% of the company's stock.

Analyst Ratings Changes

MAIN has been the subject of several recent research reports. UBS Group lowered their price target on shares of Main Street Capital from $55.00 to $54.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Oppenheimer restated a "market perform" rating on shares of Main Street Capital in a research report on Tuesday, May 13th. Truist Financial cut their price target 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. Finally, Wall Street Zen lowered Main Street Capital from a "hold" rating to a "sell" rating in a report on Saturday. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $52.80.

Main Street Capital Stock Up 0.3%

Shares of Main Street Capital stock traded up $0.19 during midday trading on Wednesday, reaching $56.65. 458,348 shares of the company's stock traded hands, compared to its average volume of 467,515. 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 52 week low of $45.00 and a 52 week high of $63.32. The company's 50 day simple moving average is $54.11 and its 200 day simple moving average is $56.76. The company has a market cap of $5.04 billion, a price-to-earnings ratio of 10.26 and a beta of 0.86.

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

Main Street Capital Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 8th will be given a dividend of $0.255 per share. This represents a $3.06 annualized dividend and a dividend yield of 5.40%. The ex-dividend date of this dividend is Monday, September 8th. This is an increase from Main Street Capital's previous monthly dividend of $0.25. Main Street Capital's dividend payout ratio (DPR) is 50.93%.

Insider Activity at Main Street Capital

In related news, CEO Dwayne L. Hyzak sold 120,000 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 402,371 shares of the company's stock, valued at $23,357,636.55. This trade represents a 22.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David L. Magdol sold 100,000 shares of the company's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $58.05, for a total value of $5,805,000.00. Following the transaction, the insider now directly owns 377,182 shares in the company, valued at $21,895,415.10. This trade represents a 20.96% decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is owned by 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.