Main Street Capital Corporation (NYSE:MAIN) Shares Sold by Paradiem LLC

Paradiem LLC trimmed its stake in Main Street Capital Corporation (NYSE:MAIN - Free Report) by 30.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 195,843 shares of the financial services provider's stock after selling 84,750 shares during the period. Main Street Capital comprises 3.1% of Paradiem LLC's investment portfolio, making the stock its 15th biggest holding. Paradiem LLC owned approximately 0.22% of Main Street Capital worth $11,077,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. US Bancorp DE boosted its stake in shares of Main Street Capital by 8.4% in the fourth quarter. US Bancorp DE now owns 2,579 shares of the financial services provider's stock valued at $151,000 after purchasing an additional 200 shares during the period. Harbour Investments Inc. boosted its position in Main Street Capital by 6.9% in the 4th quarter. Harbour Investments Inc. now owns 3,512 shares of the financial services provider's stock valued at $206,000 after buying an additional 228 shares during the period. Wealth Enhancement Advisory Services LLC grew 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 acquiring an additional 229 shares in the last quarter. Cornerstone Wealth Management LLC increased its position in shares of Main Street Capital by 6.8% during the first quarter. Cornerstone Wealth Management LLC now owns 3,807 shares of the financial services provider's stock worth $215,000 after acquiring an additional 244 shares during the period. Finally, Wedbush Securities Inc. raised its stake in shares of Main Street Capital by 6.2% in the fourth quarter. Wedbush Securities Inc. now owns 4,591 shares of the financial services provider's stock valued at $269,000 after acquiring an additional 266 shares in the last quarter. 20.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on MAIN shares. Truist Financial cut their price target on Main Street Capital from $62.00 to $54.00 and set a "hold" rating on the stock in a report on Monday, May 12th. Oppenheimer reaffirmed a "market perform" rating on shares of Main Street Capital in a report on Tuesday, May 13th. B. Riley upgraded shares of Main Street Capital to a "hold" rating in a report on Monday, June 16th. UBS Group reduced their price objective on shares of Main Street Capital from $55.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Finally, Wall Street Zen cut Main Street Capital from a "hold" rating to a "sell" rating in a research note on Saturday, May 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $52.80.

Main Street Capital Trading Down 0.4%

Shares of NYSE MAIN traded down $0.25 on Wednesday, reaching $58.32. 268,040 shares of the company traded hands, compared to its average volume of 471,834. The company has a 50 day moving average of $55.57 and a 200 day moving average of $57.11. 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 fifty-two week low of $45.00 and a fifty-two week high of $63.32. The stock has a market capitalization of $5.19 billion, a PE ratio of 9.90 and a beta of 0.82.

Main Street Capital (NYSE:MAIN - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The financial services provider reported $1.01 earnings per share 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 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, equities research analysts forecast that Main Street Capital Corporation will post 4.11 earnings per share for the current fiscal year.

Main Street Capital Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 23rd will be given a dividend of $0.30 per share. This represents a yield of 7.26%. The ex-dividend date is Friday, June 20th. This is an increase from Main Street Capital's previous dividend of $0.25. Main Street Capital's payout ratio is 50.93%.

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.