Main Street Capital Corporation (NYSE:MAIN) Shares Bought by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. raised its holdings in Main Street Capital Corporation (NYSE:MAIN - Free Report) by 272.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 84,925 shares of the financial services provider's stock after acquiring an additional 62,142 shares during the period. J.W. Cole Advisors Inc. owned 0.10% of Main Street Capital worth $4,803,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Spire Wealth Management acquired a new stake in Main Street Capital during the first quarter worth about $40,000. Kapitalo Investimentos Ltda acquired a new position in Main Street Capital in the 4th quarter worth approximately $45,000. Colonial Trust Advisors acquired a new position in Main Street Capital in the 4th quarter worth approximately $46,000. NBC Securities Inc. acquired a new stake in shares of Main Street Capital during the 1st quarter valued at $54,000. Finally, GAMMA Investing LLC raised its holdings in shares of Main Street Capital by 5,557.9% during the 1st quarter. GAMMA Investing LLC now owns 1,075 shares of the financial services provider's stock valued at $61,000 after purchasing an additional 1,056 shares in the last quarter. 20.31% of the stock is currently owned by institutional investors and hedge funds.

Main Street Capital Stock Down 0.6%

Main Street Capital stock opened at $64.45 on Monday. The company has a market cap of $5.74 billion, a P/E ratio of 10.94 and a beta of 0.82. Main Street Capital Corporation has a 1-year low of $45.00 and a 1-year high of $65.45. The company has a fifty day simple moving average of $58.38 and a 200 day simple moving average of $57.72. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.12.

Main Street Capital (NYSE:MAIN - Get Free Report) last released its 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. The business had revenue of $137.05 million during the quarter, compared to the consensus estimate of $137.50 million. Main Street Capital had a net margin of 94.61% and a return on equity of 13.02%. Research analysts anticipate that Main Street Capital Corporation will post 4.11 earnings per share for the current fiscal year.

Main Street Capital Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 9th were given a $0.255 dividend. This represents a dividend yield of 5.18%. The ex-dividend date was Tuesday, July 8th. Main Street Capital's dividend payout ratio (DPR) is presently 51.95%.

Analyst Ratings Changes

MAIN has been the topic of several research reports. Truist Financial dropped their price objective on shares of Main Street Capital from $62.00 to $54.00 and set a "hold" rating on the stock in a report on Monday, May 12th. B. Riley raised shares of Main Street Capital to a "hold" rating in a research note on Monday, June 16th. Wall Street Zen raised shares of Main Street Capital from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Oppenheimer reaffirmed a "market perform" rating on shares of Main Street Capital in a research note on Tuesday, May 13th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $58.00 target price (up previously from $56.00) on shares of Main Street Capital in a research note on Wednesday. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $53.60.

Insider Activity at Main Street Capital

In other news, EVP Jason B. Beauvais sold 13,664 shares of Main Street Capital stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $59.37, for a total value of $811,231.68. Following the completion of the transaction, the executive vice president owned 181,526 shares of the company's stock, valued at $10,777,198.62. This trade represents a 7.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 4.09% of the stock is currently 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.

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