Main Street Capital Corporation (NYSE:MAIN) Shares Acquired by Segment Wealth Management LLC

Segment Wealth Management LLC increased its holdings in shares of Main Street Capital Corporation (NYSE:MAIN - Free Report) by 134.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 117,994 shares of the financial services provider's stock after buying an additional 67,626 shares during the period. Segment Wealth Management LLC owned about 0.13% of Main Street Capital worth $6,674,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC acquired a new position in shares of Main Street Capital during the fourth quarter worth about $304,000. Strategic Financial Concepts LLC acquired a new position in Main Street Capital during the 4th quarter worth approximately $420,000. Private Advisor Group LLC increased its position in shares of Main Street Capital by 9.5% in the 4th quarter. Private Advisor Group LLC now owns 146,954 shares of the financial services provider's stock valued at $8,609,000 after purchasing an additional 12,729 shares during the last quarter. Sigma Planning Corp lifted its position in shares of Main Street Capital by 10.8% during the 4th quarter. Sigma Planning Corp now owns 44,706 shares of the financial services provider's stock worth $2,619,000 after purchasing an additional 4,342 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Main Street Capital during the fourth quarter worth $910,000. 20.31% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 stock was sold at an average price of $58.05, for a total value of $6,966,000.00. Following the completion of the transaction, the chief executive officer now directly owns 402,371 shares of the company's stock, valued at $23,357,636.55. This trade represents a 22.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David L. Magdol sold 100,000 shares of the business's stock in a transaction 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 owns 377,182 shares in the company, valued at approximately $21,895,415.10. The trade was a 20.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by company insiders.

Main Street Capital Trading Up 1.0%

NYSE MAIN opened at $58.46 on Friday. The firm's fifty day moving average is $55.00 and its two-hundred day moving average is $57.01. Main Street Capital Corporation has a one year low of $45.00 and a one year high of $63.32. 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 market cap of $5.20 billion, a PE ratio of 9.93 and a beta of 0.82.

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 EPS for the quarter, beating the consensus estimate of $1.00 by $0.01. Main Street Capital had a return on equity of 13.02% and a net margin of 94.61%. The firm had revenue of $137.05 million during the quarter, compared to the consensus estimate of $137.50 million. Analysts expect that Main Street Capital Corporation will post 4.11 earnings per share for the current year.

Main Street Capital Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 23rd will be issued a $0.30 dividend. This is a boost from Main Street Capital's previous dividend of $0.25. This represents a dividend yield of 7.26%. The ex-dividend date of this dividend is Friday, June 20th. Main Street Capital's dividend payout ratio (DPR) is currently 50.93%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on MAIN shares. Oppenheimer reaffirmed a "market perform" rating on shares of Main Street Capital in a report on Tuesday, May 13th. Wall Street Zen cut Main Street Capital from a "hold" rating to a "sell" rating in a research note on Saturday, May 31st. B. Riley upgraded shares of Main Street Capital to a "hold" rating in a research report on Monday. Truist Financial dropped their target price on shares of Main Street Capital from $62.00 to $54.00 and set a "hold" rating on the stock in a research report on Monday, May 12th. Finally, UBS Group dropped their price objective on Main Street Capital from $55.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target 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.

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