Wealth Enhancement Advisory Services LLC Has $3.72 Million Holdings in Main Street Capital Corporation (NYSE:MAIN)

Wealth Enhancement Advisory Services LLC increased its position in shares of Main Street Capital Corporation (NYSE:MAIN - Free Report) by 11.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,742 shares of the financial services provider's stock after purchasing an additional 6,787 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.07% of Main Street Capital worth $3,718,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MAIN. US Bancorp DE grew its stake in shares of Main Street Capital by 8.4% in the 4th 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 stake 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 in the last quarter. Wedbush Securities Inc. grew its position in 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 during the period. Marble Harbor Investment Counsel LLC raised its stake in Main Street Capital by 4.8% during the fourth quarter. Marble Harbor Investment Counsel LLC now owns 6,285 shares of the financial services provider's stock worth $368,000 after acquiring an additional 285 shares in the last quarter. Finally, Private Trust Co. NA lifted its holdings in shares of Main Street Capital by 14.4% during the fourth quarter. Private Trust Co. NA now owns 2,398 shares of the financial services provider's stock valued at $140,000 after acquiring an additional 302 shares during the period. 20.31% of the stock is currently owned by institutional investors and hedge funds.

Main Street Capital Price Performance

Shares of NYSE MAIN traded down $0.32 during trading on Friday, reaching $59.00. The company had a trading volume of 433,016 shares, compared to its average volume of 472,784. Main Street Capital Corporation has a 52 week low of $45.00 and a 52 week high of $63.32. The business's 50 day moving average price is $55.70 and its 200-day moving average price is $57.14. The stock has a market cap of $5.25 billion, a PE ratio of 10.02 and a beta of 0.82. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.10 and a current ratio of 0.10.

Main Street Capital (NYSE:MAIN - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.01. Main Street Capital had a net margin of 94.61% and a return on equity of 13.02%. The firm had revenue of $137.05 million during the quarter, compared to analysts' expectations of $137.50 million. Analysts expect that Main Street Capital Corporation will post 4.11 earnings per share for the current year.

Main Street Capital Increases Dividend

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

Insider Activity at Main Street Capital

In related news, EVP Jason B. Beauvais sold 13,664 shares of the business's stock in a transaction that occurred on Friday, June 27th. The shares were 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 now directly owns 181,526 shares of the company's stock, valued at $10,777,198.62. The trade was 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 owned by company insiders.

Analyst Ratings Changes

MAIN has been the topic of several analyst reports. B. Riley raised shares of Main Street Capital to a "hold" rating in a report on Monday, June 16th. Truist Financial decreased their price objective on shares of Main Street Capital from $62.00 to $54.00 and set a "hold" rating on the stock in a research note on Monday, May 12th. Wall Street Zen lowered shares of Main Street Capital from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. Oppenheimer reissued a "market perform" rating on shares of Main Street Capital in a report on Tuesday, May 13th. Finally, UBS Group dropped their price target on Main Street Capital from $55.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $52.80.

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.