Main Street Capital Co. (NYSE:MAIN) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets boosted its holdings in Main Street Capital Co. (NYSE:MAIN - Free Report) by 108.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,773 shares of the financial services provider's stock after acquiring an additional 30,046 shares during the quarter. BNP Paribas Financial Markets owned about 0.07% of Main Street Capital worth $3,384,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. US Bancorp DE raised its position in Main Street Capital by 8.4% in the fourth quarter. US Bancorp DE now owns 2,579 shares of the financial services provider's stock worth $151,000 after acquiring an additional 200 shares in the last quarter. PFG Investments LLC raised its holdings in Main Street Capital by 1.6% during the 4th quarter. PFG Investments LLC now owns 13,642 shares of the financial services provider's stock worth $799,000 after buying an additional 219 shares during the period. Harbour Investments Inc. raised its holdings in Main Street Capital by 6.9% during the 4th quarter. Harbour Investments Inc. now owns 3,512 shares of the financial services provider's stock worth $206,000 after buying an additional 228 shares during the period. Wedbush Securities Inc. raised its holdings in Main Street Capital by 6.2% during the 4th quarter. Wedbush Securities Inc. now owns 4,591 shares of the financial services provider's stock worth $269,000 after buying an additional 266 shares during the period. Finally, Marble Harbor Investment Counsel LLC raised its holdings in Main Street Capital by 4.8% during the 4th quarter. Marble Harbor Investment Counsel LLC now owns 6,285 shares of the financial services provider's stock worth $368,000 after buying an additional 285 shares during the period. 20.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MAIN has been the topic of several recent analyst reports. Truist Financial cut their price objective on Main Street Capital from $62.00 to $54.00 and set a "hold" rating on the stock in a report on Monday. UBS Group cut their price objective on Main Street Capital from $55.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Finally, Oppenheimer restated a "market perform" rating on shares of Main Street Capital in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Main Street Capital has an average rating of "Hold" and an average target price of $52.80.

Insider Activity

In related news, CEO Dwayne L. Hyzak sold 120,000 shares of the business's stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $58.05, for a total value of $6,966,000.00. Following the completion of the sale, the chief executive officer now owns 402,371 shares of the company's stock, valued at approximately $23,357,636.55. The trade was a 22.97% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider David L. Magdol sold 100,000 shares of the business's stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $58.05, for a total value of $5,805,000.00. Following the completion of the sale, the insider now directly owns 377,182 shares of the company's stock, valued at approximately $21,895,415.10. The trade was a 20.96% decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is owned by corporate insiders.

Main Street Capital Price Performance

Shares of MAIN opened at $54.01 on Friday. The company has a market capitalization of $4.78 billion, a price-to-earnings ratio of 9.78 and a beta of 0.86. Main Street Capital Co. has a fifty-two week low of $45.00 and a fifty-two week high of $63.32. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08. The business's 50-day moving average is $54.39 and its 200-day moving average is $56.31.

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

Main Street Capital Increases Dividend

The firm also recently announced 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. This is an increase from Main Street Capital's previous monthly dividend of $0.25. The ex-dividend date is Monday, September 8th. This represents a $3.06 dividend on an annualized basis and a dividend yield of 5.67%. Main Street Capital's dividend payout ratio is currently 50.93%.

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.

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