Nabity Jensen Investment Management Inc Takes Position in Main Street Capital Corporation $MAIN

Key Points

• Nabity Jensen Investment Management Inc acquired 4,011 shares of Main Street Capital Corporation, valued at approximately $237,000, during the second quarter.
• Director Nicholas Meserve sold 14,000 shares of Main Street Capital for about $940,100, resulting in a 14.53% decrease in his ownership of the stock.
• Main Street Capital reported EPS of $0.99 for the quarter, matching analysts' expectations, and declared a quarterly dividend of $0.30, representing a yield of 1.9%.

Nabity Jensen Investment Management Inc purchased a new stake in shares of Main Street Capital Corporation (NYSE:MAIN - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,011 shares of the financial services provider's stock, valued at approximately $237,000.

A number of other hedge funds and other institutional investors have also modified their holdings of MAIN. Nations Financial Group Inc. IA ADV raised its holdings in Main Street Capital by 2.4% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 9,520 shares of the financial services provider's stock worth $538,000 after acquiring an additional 221 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Main Street Capital by 0.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 58,955 shares of the financial services provider's stock worth $3,454,000 after purchasing an additional 229 shares during the period. Uncommon Cents Investing LLC increased its holdings in shares of Main Street Capital by 1.4% during the 1st quarter. Uncommon Cents Investing LLC now owns 16,206 shares of the financial services provider's stock worth $917,000 after purchasing an additional 231 shares during the period. Sigma Planning Corp increased its holdings in shares of Main Street Capital by 0.5% during the 1st quarter. Sigma Planning Corp now owns 44,942 shares of the financial services provider's stock worth $2,542,000 after purchasing an additional 236 shares during the period. Finally, US Bancorp DE boosted its position in shares of Main Street Capital by 9.4% during the 1st quarter. US Bancorp DE now owns 2,822 shares of the financial services provider's stock valued at $160,000 after acquiring an additional 243 shares in the last quarter. Institutional investors own 20.31% of the company's stock.

Insider Buying and Selling at Main Street Capital

In other news, Director Nicholas Meserve sold 14,000 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $67.15, for a total value of $940,100.00. Following the transaction, the director directly owned 82,383 shares of the company's stock, valued at $5,532,018.45. This represents a 14.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.09% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Truist Financial lifted their target price on shares of Main Street Capital from $54.00 to $64.00 and gave the company a "hold" rating in a research report on Monday, August 11th. Wall Street Zen upgraded shares of Main Street Capital from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. B. Riley upped their target price on shares of Main Street Capital from $60.00 to $64.00 and gave the company a "neutral" rating in a research note on Monday, August 18th. Zacks Research upgraded shares of Main Street Capital from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 20th. Finally, UBS Group reiterated a "neutral" rating and issued a $58.00 price target (up previously from $56.00) on shares of Main Street Capital in a report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $61.20.

Main Street Capital Stock Performance

Shares of MAIN opened at $63.58 on Wednesday. Main Street Capital Corporation has a 12 month low of $47.00 and a 12 month high of $67.77. The firm has a fifty day simple moving average of $65.28 and a 200 day simple moving average of $59.68. The stock has a market capitalization of $5.69 billion, a price-to-earnings ratio of 10.47 and a beta of 0.88. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12.

Main Street Capital (NYSE:MAIN - Get Free Report) last announced its earnings results on Thursday, August 7th. The financial services provider reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. The business had revenue of $143.97 million during the quarter, compared to analysts' expectations of $137.23 million. Main Street Capital had a net margin of 96.16% and a return on equity of 12.70%. Research analysts forecast that Main Street Capital Corporation will post 4.11 EPS for the current fiscal year.

Main Street Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 8th will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, October 8th. This represents a $1.20 annualized dividend and a dividend yield of 1.9%. Main Street Capital's dividend payout ratio is presently 50.41%.

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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