JPMorgan Chase & Co. Has $8.15 Million Stock Holdings in Main Street Capital Co. (NYSE:MAIN)

JPMorgan Chase & Co. boosted its holdings in shares of Main Street Capital Co. (NYSE:MAIN - Free Report) by 37.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 139,189 shares of the financial services provider's stock after acquiring an additional 37,640 shares during the period. JPMorgan Chase & Co. owned approximately 0.16% of Main Street Capital worth $8,154,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wealthstar Advisors LLC bought a new stake in Main Street Capital in the 4th quarter valued at $1,326,000. Franklin Resources Inc. grew its holdings in shares of Main Street Capital by 19.3% during the third quarter. Franklin Resources Inc. now owns 217,461 shares of the financial services provider's stock worth $11,119,000 after buying an additional 35,227 shares in the last quarter. Segment Wealth Management LLC lifted its stake in Main Street Capital by 15.8% in the 4th quarter. Segment Wealth Management LLC now owns 50,368 shares of the financial services provider's stock valued at $2,951,000 after acquiring an additional 6,856 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Main Street Capital during the 4th quarter worth approximately $957,000. Finally, Morgan Dempsey Capital Management LLC acquired a new stake in shares of Main Street Capital in the fourth quarter valued at approximately $6,007,000. 20.31% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Main Street Capital

In other news, CEO Dwayne L. Hyzak sold 120,000 shares of the stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $58.05, for a total transaction of $6,966,000.00. Following the sale, the chief executive officer now directly owns 402,371 shares of the company's stock, valued at approximately $23,357,636.55. This represents a 22.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider David L. Magdol sold 100,000 shares of the company's stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $58.05, for a total transaction of $5,805,000.00. Following the sale, the insider now directly owns 377,182 shares of the company's stock, valued at $21,895,415.10. This represents a 20.96 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.09% of the company's stock.

Main Street Capital Stock Performance

Shares of MAIN stock traded up $0.47 during trading on Friday, reaching $53.22. 605,245 shares of the company's stock were exchanged, compared to its average volume of 440,607. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.13. The firm's fifty day moving average price is $56.97 and its 200-day moving average price is $56.11. Main Street Capital Co. has a twelve month low of $45.00 and a twelve month high of $63.32. The stock has a market capitalization of $4.71 billion, a PE ratio of 9.64 and a beta of 0.98.

Main Street Capital (NYSE:MAIN - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The financial services provider reported $1.02 EPS for the quarter, missing analysts' consensus estimates of $1.08 by ($0.06). Main Street Capital had a net margin of 89.25% and a return on equity of 13.83%. The company had revenue of $140.44 million during the quarter, compared to analyst estimates of $141.40 million. As a group, sell-side analysts anticipate that Main Street Capital Co. will post 4.11 EPS for the current year.

Main Street Capital Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 21st were issued a $0.30 dividend. This represents a yield of 7.11%. This is a positive change from Main Street Capital's previous dividend of $0.25. The ex-dividend date was Thursday, March 20th. Main Street Capital's dividend payout ratio is currently 51.37%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. UBS Group lowered 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 research note on Thursday. Truist Financial increased their price target on Main Street Capital from $52.00 to $62.00 and gave the company a "hold" rating in a research report on Monday, March 3rd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Main Street Capital currently has an average rating of "Hold" and a consensus target price of $52.60.

Main Street Capital 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.