Main Street Capital Corporation (NYSE:MAIN) EVP Sells $811,231.68 in Stock

Main Street Capital Corporation (NYSE:MAIN - Get Free Report) EVP Jason B. Beauvais sold 13,664 shares of the stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $59.37, for a total transaction of $811,231.68. Following the sale, the executive vice president directly owned 181,526 shares in the company, valued at $10,777,198.62. This represents a 7.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Main Street Capital Stock Up 0.3%

Shares of MAIN stock traded up $0.15 on Monday, reaching $59.11. 509,540 shares of the stock were exchanged, compared to its average volume of 474,254. The company has a market capitalization of $5.26 billion, a price-to-earnings ratio of 10.04 and a beta of 0.82. The business's 50 day moving average price is $55.95 and its 200 day moving average price is $57.22. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.12. Main Street Capital Corporation has a twelve month low of $45.00 and a twelve month high of $63.32.

Main Street Capital (NYSE:MAIN - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $137.05 million during the quarter, compared to the consensus estimate of $137.50 million. As a group, sell-side analysts expect that Main Street Capital Corporation will post 4.11 earnings per share for the current fiscal year.

Main Street Capital Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, June 27th. Investors of record on Monday, June 23rd were issued a $0.30 dividend. This represents a yield of 7.26%. This is an increase from Main Street Capital's previous dividend of $0.25. The ex-dividend date of this dividend was Friday, June 20th. Main Street Capital's dividend payout ratio is 50.93%.

Hedge Funds Weigh In On Main Street Capital

Several hedge funds have recently added to or reduced their stakes in MAIN. Brighton Jones LLC purchased a new position in shares of Main Street Capital in the 4th quarter valued at $304,000. Bank of New York Mellon Corp lifted its position in Main Street Capital by 56.8% in the fourth quarter. Bank of New York Mellon Corp now owns 29,316 shares of the financial services provider's stock valued at $1,717,000 after acquiring an additional 10,625 shares during the last quarter. Muzinich & Co. Inc. boosted its stake in Main Street Capital by 5.0% in the fourth quarter. Muzinich & Co. Inc. now owns 222,977 shares of the financial services provider's stock valued at $13,062,000 after acquiring an additional 10,593 shares in the last quarter. Financial Security Advisor Inc. grew its holdings in shares of Main Street Capital by 9.0% during the fourth quarter. Financial Security Advisor Inc. now owns 12,939 shares of the financial services provider's stock worth $758,000 after purchasing an additional 1,070 shares during the last quarter. Finally, Private Trust Co. NA increased its position 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 worth $140,000 after purchasing an additional 302 shares in the last quarter. 20.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. B. Riley upgraded shares of Main Street Capital to a "hold" rating in a research note on Monday, June 16th. UBS Group lowered their target price on Main Street Capital from $55.00 to $54.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Oppenheimer restated a "market perform" rating on shares of Main Street Capital in a report on Tuesday, May 13th. Truist Financial decreased their price objective on Main Street Capital from $62.00 to $54.00 and set a "hold" rating for the company in a research note on Monday, May 12th. Finally, Wall Street Zen raised Main Street Capital from a "sell" rating to a "hold" rating in a research report on Friday. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Main Street Capital 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.