9,500 Shares in Main Street Capital Co. (NYSE:MAIN) Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Main Street Capital Co. (NYSE:MAIN - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 9,500 shares of the financial services provider's stock, valued at approximately $557,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of MAIN. Van ECK Associates Corp raised its position in shares of Main Street Capital by 7.8% in the fourth quarter. Van ECK Associates Corp now owns 1,288,309 shares of the financial services provider's stock worth $75,469,000 after buying an additional 92,833 shares in the last quarter. Burgundy Asset Management Ltd. increased its stake in Main Street Capital by 1.5% in the 4th quarter. Burgundy Asset Management Ltd. now owns 1,153,600 shares of the financial services provider's stock worth $67,578,000 after acquiring an additional 17,196 shares during the last quarter. Adell Harriman & Carpenter Inc. raised its holdings in shares of Main Street Capital by 1.5% in the 4th quarter. Adell Harriman & Carpenter Inc. now owns 425,552 shares of the financial services provider's stock valued at $24,929,000 after acquiring an additional 6,297 shares in the last quarter. LPL Financial LLC boosted its position in shares of Main Street Capital by 1.6% during the 4th quarter. LPL Financial LLC now owns 299,165 shares of the financial services provider's stock valued at $17,525,000 after acquiring an additional 4,740 shares during the last quarter. Finally, Muzinich & Co. Inc. boosted its position in shares of Main Street Capital by 5.0% during the 4th quarter. Muzinich & Co. Inc. now owns 222,977 shares of the financial services provider's stock valued at $13,062,000 after acquiring an additional 10,593 shares during the last quarter. 20.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on MAIN shares. Oppenheimer restated a "market perform" rating on shares of Main Street Capital in a research report on Tuesday, May 13th. UBS Group decreased their price target 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. Wall Street Zen cut shares of Main Street Capital from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. Finally, Truist Financial dropped their price objective on shares of Main Street Capital from $62.00 to $54.00 and set a "hold" rating for the company in a report on Monday, May 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $52.80.

Main Street Capital Price Performance

NYSE MAIN traded up $0.84 on Friday, reaching $57.36. 261,490 shares of the company's stock traded hands, compared to its average volume of 465,776. The stock has a market cap of $5.11 billion, a PE ratio of 10.39 and a beta of 0.82. Main Street Capital Co. has a 12 month low of $45.00 and a 12 month high of $63.32. The stock has a 50-day simple moving average of $54.12 and a 200 day simple moving average of $56.78. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08.

Main Street Capital (NYSE:MAIN - Get Free Report) last released its earnings results on Thursday, May 8th. The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $1.00 by $0.01. The company had revenue of $137.05 million for the quarter, compared to analyst estimates of $137.50 million. Main Street Capital had a net margin of 89.25% and a return on equity of 13.83%. As a group, research analysts predict that Main Street Capital Co. will post 4.11 earnings per share for the current year.

Main Street Capital Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 8th will be issued a $0.255 dividend. The ex-dividend date of this dividend is Monday, September 8th. This represents a $3.06 annualized dividend and a dividend yield of 5.34%. This is an increase from Main Street Capital's previous monthly dividend of $0.25. Main Street Capital's payout ratio is currently 50.93%.

Insider Activity

In other Main Street Capital news, CEO Dwayne L. Hyzak sold 120,000 shares of the firm's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $58.05, for a total value of $6,966,000.00. Following the sale, the chief executive officer now owns 402,371 shares of the company's stock, valued at $23,357,636.55. This trade represents a 22.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David L. Magdol sold 100,000 shares of the company's stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $58.05, for a total transaction of $5,805,000.00. Following the transaction, the insider now directly owns 377,182 shares of the company's stock, valued at approximately $21,895,415.10. This trade represents a 20.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by corporate insiders.

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.