Main Street Capital Corporation (NYSE:MAIN) EVP Jason B. Beauvais Sells 13,664 Shares

Main Street Capital Corporation (NYSE:MAIN - Get Free Report) EVP Jason B. Beauvais sold 13,664 shares of the firm's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $59.37, for a total value of $811,231.68. Following the completion of the sale, the executive vice president now owns 181,526 shares of the company's stock, valued at approximately $10,777,198.62. This represents a 7.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Main Street Capital Trading Down 0.5%

Shares of NYSE:MAIN traded down $0.32 on Friday, hitting $59.00. 433,016 shares of the company's stock were exchanged, compared to its average volume of 473,620. Main Street Capital Corporation has a 12 month low of $45.00 and a 12 month high of $63.32. The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of 10.02 and a beta of 0.82. The business's 50 day simple moving average is $55.70 and its two-hundred day simple moving average is $57.14. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.10 and a quick ratio of 0.10.

Main Street Capital (NYSE:MAIN - Get Free Report) last released its earnings results 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 return on equity of 13.02% and a net margin of 94.61%. The business had revenue of $137.05 million during the quarter, compared to the consensus estimate of $137.50 million. Analysts anticipate that Main Street Capital Corporation will post 4.11 EPS for the current fiscal year.

Main Street Capital Increases Dividend

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

Analyst Ratings Changes

A number of brokerages recently issued reports on MAIN. B. Riley upgraded Main Street Capital to a "hold" rating in a research report on Monday, June 16th. Truist Financial lowered their price target on Main Street Capital from $62.00 to $54.00 and set a "hold" rating for the company in a research report on Monday, May 12th. Oppenheimer restated a "market perform" rating on shares of Main Street Capital in a research report on Tuesday, May 13th. UBS Group decreased their target price on Main Street Capital from $55.00 to $54.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Finally, Wall Street Zen upgraded Main Street Capital from a "sell" rating to a "hold" rating in a research report on Friday. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $52.80.

Institutional Trading of Main Street Capital

Several institutional investors and hedge funds have recently made changes to their positions in MAIN. Financial Network Wealth Advisors LLC bought a new stake in shares of Main Street Capital in the first quarter valued at about $39,000. Spire Wealth Management bought a new stake in shares of Main Street Capital in the first quarter valued at about $40,000. Wellington Shields & Co. LLC bought a new stake in shares of Main Street Capital in the first quarter valued at about $41,000. Kapitalo Investimentos Ltda bought a new stake in shares of Main Street Capital in the fourth quarter valued at about $45,000. Finally, Colonial Trust Advisors bought a new stake in shares of Main Street Capital in the fourth quarter valued at about $46,000. 20.31% of the stock is currently owned by institutional investors.

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.