Segment Wealth Management LLC Has $6.67 Million Stock Holdings in Main Street Capital Corporation (NYSE:MAIN)

Segment Wealth Management LLC lifted its stake in Main Street Capital Corporation (NYSE:MAIN - Free Report) by 134.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 117,994 shares of the financial services provider's stock after acquiring an additional 67,626 shares during the period. Segment Wealth Management LLC owned 0.13% of Main Street Capital worth $6,674,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in MAIN. Burgundy Asset Management Ltd. increased 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 valued at $67,578,000 after purchasing an additional 17,196 shares during the period. LPL Financial LLC increased its position 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 period. Muzinich & Co. Inc. increased its position in shares of Main Street Capital by 5.0% during the fourth 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. Sanders Morris Harris LLC increased its position in shares of Main Street Capital by 0.7% during the first quarter. Sanders Morris Harris LLC now owns 207,274 shares of the financial services provider's stock valued at $11,723,000 after purchasing an additional 1,477 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Main Street Capital during the fourth quarter valued at approximately $10,460,000. 20.31% of the stock is owned by institutional investors.

Main Street Capital Price Performance

Main Street Capital stock traded down $0.09 on Monday, reaching $57.99. The company's stock had a trading volume of 386,787 shares, compared to its average volume of 471,489. 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 company has a market cap of $5.16 billion, a price-to-earnings ratio of 9.85 and a beta of 0.82. The business's fifty day moving average price is $55.37 and its 200 day moving average price is $57.09. Main Street Capital Corporation has a twelve month low of $45.00 and a twelve month high of $63.32.

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, topping analysts' consensus estimates of $1.00 by $0.01. The company had revenue of $137.05 million for 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%. Equities analysts expect that Main Street Capital Corporation will post 4.11 earnings per share for the current fiscal year.

Main Street Capital Increases Dividend

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

Insiders Place Their Bets

In other news, CEO Dwayne L. Hyzak sold 120,000 shares of the company's stock in a transaction on 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 $23,357,636.55. This represents a 22.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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. Insiders own 4.09% of the company's stock.

Wall Street Analysts Forecast Growth

MAIN has been the topic of a number of research reports. B. Riley upgraded Main Street Capital to a "hold" rating in a research report on Monday, June 16th. Oppenheimer reaffirmed a "market perform" rating on shares of Main Street Capital in a research note on Tuesday, May 13th. Truist Financial decreased their price target on Main Street Capital from $62.00 to $54.00 and set a "hold" rating on the stock in a research note on Monday, May 12th. Wall Street Zen lowered Main Street Capital from a "hold" rating to a "sell" rating in a research note on Saturday, May 31st. Finally, UBS Group decreased their price target on Main Street Capital from $55.00 to $54.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, Main Street Capital currently 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.