U.S. Capital Wealth Advisors LLC Has $7.27 Million Position in Main Street Capital Corporation (NYSE:MAIN)

U.S. Capital Wealth Advisors LLC grew its holdings in Main Street Capital Corporation (NYSE:MAIN - Free Report) by 4.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 128,599 shares of the financial services provider's stock after acquiring an additional 5,522 shares during the quarter. U.S. Capital Wealth Advisors LLC owned 0.15% of Main Street Capital worth $7,274,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Burgundy Asset Management Ltd. increased its holdings in shares of Main Street Capital by 1.5% in 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 acquiring an additional 17,196 shares in the last quarter. Adell Harriman & Carpenter Inc. boosted its position in shares of 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 period. LPL Financial LLC boosted its position in shares of 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 period. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of 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 period. Finally, Sanders Morris Harris LLC boosted its position in shares of Main Street Capital by 0.7% during the first quarter. Sanders Morris Harris LLC now owns 207,274 shares of the financial services provider's stock worth $11,723,000 after buying an additional 1,477 shares during the period. 20.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MAIN has been the subject of several recent research reports. Oppenheimer reaffirmed a "market perform" rating on shares of Main Street Capital in a research report on Tuesday, May 13th. 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 reduced their price objective on Main Street Capital from $62.00 to $54.00 and set a "hold" rating for the company 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. Finally, UBS Group reduced their price target on Main Street Capital from $55.00 to $54.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $52.80.

Main Street Capital Stock Up 1.4%

NYSE MAIN traded up $0.85 during trading hours on Thursday, hitting $62.25. 470,593 shares of the company traded hands, compared to its average volume of 477,397. The business's 50-day moving average is $56.90 and its 200-day moving average is $57.44. Main Street Capital Corporation has a twelve month low of $45.00 and a twelve month high of $63.32. 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 stock has a market capitalization of $5.54 billion, a price-to-earnings ratio of 10.57 and a beta of 0.82.

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 EPS for the quarter, beating the consensus estimate of $1.00 by $0.01. Main Street Capital had a return on equity of 13.02% and a net margin of 94.61%. The firm had revenue of $137.05 million during the quarter, compared to analysts' expectations of $137.50 million. Sell-side analysts anticipate that Main Street Capital Corporation will post 4.11 earnings per share for the current year.

Main Street Capital Cuts Dividend

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

Insider Activity

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 stock was sold at an average price of $59.37, for a total value of $811,231.68. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 4.00% of the stock is currently owned by 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.