Main Street Capital Corporation $MAIN Shares Purchased by U.S. Capital Wealth Advisors LLC

Key Points

• U.S. Capital Wealth Advisors LLC increased its position in Main Street Capital Corporation by 8.4%, owning 139,452 shares valued at approximately $8.24 million as of the latest SEC filing.
• Main Street Capital reported an EPS of $0.99 for the last quarter, meeting analysts' expectations, with revenues exceeding projections at $143.97 million.
• The company announced a quarterly dividend of $0.30 per share, with a payout date of October 15th, resulting in an annualized dividend yield of 1.8%.

U.S. Capital Wealth Advisors LLC boosted its stake in shares of Main Street Capital Corporation (NYSE:MAIN - Free Report) by 8.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 139,452 shares of the financial services provider's stock after buying an additional 10,853 shares during the period. U.S. Capital Wealth Advisors LLC owned 0.16% of Main Street Capital worth $8,242,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of MAIN. Jones Financial Companies Lllp lifted its holdings in shares of Main Street Capital by 45,123.0% during the 1st quarter. Jones Financial Companies Lllp now owns 590,613 shares of the financial services provider's stock valued at $33,405,000 after purchasing an additional 589,307 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Main Street Capital by 282.5% during the 1st quarter. Invesco Ltd. now owns 532,267 shares of the financial services provider's stock valued at $30,105,000 after purchasing an additional 393,101 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Main Street Capital during the 1st quarter valued at $6,205,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Main Street Capital during the 1st quarter valued at $4,840,000. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of Main Street Capital during the 4th quarter valued at $3,993,000. Hedge funds and other institutional investors own 20.31% of the company's stock.

Wall Street Analyst Weigh In

MAIN has been the subject of several analyst reports. Royal Bank Of Canada increased their price objective on Main Street Capital from $52.00 to $67.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. UBS Group reiterated a "neutral" rating and set a $58.00 price objective (up previously from $56.00) on shares of Main Street Capital in a report on Wednesday, July 16th. Truist Financial raised their target price on Main Street Capital from $54.00 to $64.00 and gave the stock a "hold" rating in a research note on Monday, August 11th. Zacks Research upgraded Main Street Capital from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 20th. Finally, B. Riley raised their target price on Main Street Capital from $60.00 to $64.00 and gave the stock a "neutral" rating in a research note on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $61.20.

Insider Transactions at Main Street Capital

In other news, Director Nicholas Meserve sold 14,000 shares of the firm's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $67.15, for a total transaction of $940,100.00. Following the sale, the director directly owned 82,383 shares in the company, valued at $5,532,018.45. This trade represents a 14.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jason B. Beauvais sold 13,664 shares of the firm's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $59.37, for a total value of $811,231.68. Following the sale, the executive vice president owned 181,526 shares in the company, valued at $10,777,198.62. This trade represents a 7.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.09% of the stock is owned by company insiders.

Main Street Capital Stock Performance

MAIN traded down $1.52 during midday trading on Monday, hitting $64.26. 757,604 shares of the company were exchanged, compared to its average volume of 563,715. The company's 50 day simple moving average is $65.36 and its 200 day simple moving average is $59.39. The firm has a market capitalization of $5.75 billion, a price-to-earnings ratio of 10.59 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 Corporation has a 1-year low of $47.00 and a 1-year high of $67.77.

Main Street Capital (NYSE:MAIN - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The financial services provider reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. Main Street Capital had a return on equity of 12.70% and a net margin of 96.16%.The company had revenue of $143.97 million for the quarter, compared to the consensus estimate of $137.23 million. As a group, sell-side analysts predict that Main Street Capital Corporation will post 4.11 earnings per share for the current year.

Main Street Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 8th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, October 8th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.9%. Main Street Capital's dividend payout ratio (DPR) is 50.41%.

Main Street Capital Company 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.