J.W. Cole Advisors Inc. Has $4.80 Million Holdings in Main Street Capital Corporation (NYSE:MAIN)

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

Other hedge funds also recently made changes to their positions in the company. Harbour Investments Inc. grew its position in Main Street Capital by 6.9% during the fourth quarter. Harbour Investments Inc. now owns 3,512 shares of the financial services provider's stock valued at $206,000 after purchasing an additional 228 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Main Street Capital by 0.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 58,955 shares of the financial services provider's stock worth $3,454,000 after buying an additional 229 shares during the last quarter. Uncommon Cents Investing LLC lifted its stake in shares of Main Street Capital by 1.4% in the first quarter. Uncommon Cents Investing LLC now owns 16,206 shares of the financial services provider's stock worth $917,000 after buying an additional 231 shares during the last quarter. Sigma Planning Corp lifted its stake in shares of Main Street Capital by 0.5% in the first quarter. Sigma Planning Corp now owns 44,942 shares of the financial services provider's stock worth $2,542,000 after buying an additional 236 shares during the last quarter. Finally, Cornerstone Wealth Management LLC raised its stake in Main Street Capital by 6.8% during the 1st quarter. Cornerstone Wealth Management LLC now owns 3,807 shares of the financial services provider's stock valued at $215,000 after purchasing an additional 244 shares during the last quarter. Institutional investors and hedge funds own 20.31% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on MAIN shares. Oppenheimer reissued a "market perform" rating on shares of Main Street Capital in a report on Tuesday, May 13th. 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 report on Wednesday, July 16th. Truist Financial reduced their price target 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. B. Riley upgraded shares of Main Street Capital to a "hold" rating in a research report on Monday, June 16th. Finally, Wall Street Zen upgraded shares of Main Street Capital from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $53.60.

Insider Buying and Selling at Main Street Capital

In other news, EVP Jason B. Beauvais sold 13,664 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $59.37, for a total transaction of $811,231.68. Following the completion of the transaction, the executive vice president directly 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 Securities & Exchange Commission, which is available through the SEC website. 4.00% of the stock is owned by corporate insiders.

Main Street Capital Trading Up 0.3%

Shares of NYSE:MAIN traded up $0.22 during mid-day trading on Thursday, reaching $65.65. The stock had a trading volume of 280,066 shares, compared to its average volume of 554,188. The firm has a market cap of $5.84 billion, a PE ratio of 11.15 and a beta of 0.82. The firm has a 50 day simple moving average of $59.05 and a two-hundred day simple moving average of $57.85. 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 Corporation has a twelve month low of $45.00 and a twelve month high of $66.39.

Main Street Capital (NYSE:MAIN - Get Free Report) last announced 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. The business 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 94.61% and a return on equity of 13.02%. On average, research analysts predict that Main Street Capital Corporation will post 4.11 EPS for the current fiscal year.

Main Street Capital Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 9th were paid a dividend of $0.255 per share. The ex-dividend date was Tuesday, July 8th. This represents a dividend yield of 5.18%. Main Street Capital's dividend payout ratio is currently 51.95%.

Main Street Capital 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.