Tectonic Advisors LLC Acquires 8,065 Shares of Main Street Capital Corporation (NYSE:MAIN)

Tectonic Advisors LLC grew its position in Main Street Capital Corporation (NYSE:MAIN - Free Report) by 4.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 193,731 shares of the financial services provider's stock after purchasing an additional 8,065 shares during the period. Main Street Capital makes up approximately 0.7% of Tectonic Advisors LLC's investment portfolio, making the stock its 26th largest holding. Tectonic Advisors LLC owned 0.22% of Main Street Capital worth $10,957,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MAIN. Burgundy Asset Management Ltd. increased its position in 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 worth $67,578,000 after buying an additional 17,196 shares during the last quarter. Adell Harriman & Carpenter Inc. increased its position in Main Street Capital by 5.2% during the first quarter. Adell Harriman & Carpenter Inc. now owns 447,642 shares of the financial services provider's stock worth $25,319,000 after buying an additional 22,090 shares during the last quarter. LPL Financial LLC increased its position in 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 worth $17,525,000 after buying an additional 4,740 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in Main Street Capital by 10.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 242,857 shares of the financial services provider's stock worth $13,736,000 after buying an additional 22,340 shares during the last quarter. Finally, Sanders Morris Harris LLC grew its position in shares of Main Street Capital by 0.7% in 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 last quarter. 20.31% of the stock is currently owned by institutional investors.

Main Street Capital Price Performance

Shares of MAIN stock traded down $0.37 during trading on Friday, hitting $64.45. The company had a trading volume of 412,310 shares, compared to its average volume of 477,653. 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 firm has a market capitalization of $5.74 billion, a P/E ratio of 10.94 and a beta of 0.82. The stock's 50-day moving average price is $58.15 and its 200 day moving average price is $57.70. Main Street Capital Corporation has a one year low of $45.00 and a one year high of $65.40.

Main Street Capital (NYSE:MAIN - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.01. The business had revenue of $137.05 million during the quarter, compared to analysts' expectations 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 EPS for the current fiscal year.

Main Street Capital Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, July 15th. Investors of record on Wednesday, July 9th were paid 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 currently 51.95%.

Insider Activity

In other Main Street Capital news, EVP Jason B. Beauvais sold 13,664 shares of the company's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $59.37, for a total transaction of $811,231.68. Following the completion of the sale, the executive vice president directly owned 181,526 shares in the company, valued at $10,777,198.62. This represents a 7.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.00% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on MAIN shares. Wall Street Zen raised Main Street Capital from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Truist Financial decreased their target price on 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 raised 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 report 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 report on Wednesday. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Main Street Capital currently has an average rating of "Hold" and a consensus target price of $53.60.

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.