Natixis Trims Position in Main Street Capital Co. (NYSE:MAIN)

Natixis trimmed its holdings in Main Street Capital Co. (NYSE:MAIN - Free Report) by 42.0% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 17,920 shares of the financial services provider's stock after selling 12,979 shares during the quarter. Natixis' holdings in Main Street Capital were worth $1,050,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Asset Planning Inc bought a new stake in shares of Main Street Capital in the fourth quarter worth $29,000. Colonial Trust Advisors bought a new stake in shares of Main Street Capital during the 4th quarter valued at about $46,000. Wilmington Savings Fund Society FSB bought a new position in shares of Main Street Capital in the 3rd quarter worth approximately $50,000. AdvisorNet Financial Inc grew its position in Main Street Capital by 145.8% during the fourth quarter. AdvisorNet Financial Inc now owns 1,229 shares of the financial services provider's stock valued at $72,000 after buying an additional 729 shares during the period. Finally, Jones Financial Companies Lllp increased its holdings in Main Street Capital by 31.3% during the fourth quarter. Jones Financial Companies Lllp now owns 1,306 shares of the financial services provider's stock valued at $77,000 after buying an additional 311 shares during the last quarter. Hedge funds and other institutional investors own 20.31% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Truist Financial boosted their price objective on shares of Main Street Capital from $52.00 to $62.00 and gave the company a "hold" rating in a research report on Monday, March 3rd. UBS Group reduced their target price on shares of Main Street Capital from $55.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $52.60.

Insider Activity at Main Street Capital

In other news, CEO Dwayne L. Hyzak sold 120,000 shares of Main Street Capital 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 transaction, the chief executive officer now owns 402,371 shares in the company, valued at approximately $23,357,636.55. The trade was a 22.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David L. Magdol sold 100,000 shares of the firm's stock in a transaction on Wednesday, March 26th. The stock was 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 owns 377,182 shares of the company's stock, valued at approximately $21,895,415.10. This represents a 20.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.00% of the stock is owned by insiders.

Main Street Capital Price Performance

Shares of MAIN stock traded down $0.65 during mid-day trading on Tuesday, hitting $53.94. The company had a trading volume of 126,014 shares, compared to its average volume of 441,744. 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 company has a market capitalization of $4.78 billion, a P/E ratio of 9.75 and a beta of 0.98. The stock's 50 day moving average price is $56.02 and its 200-day moving average price is $56.23. Main Street Capital Co. has a 52-week low of $45.00 and a 52-week high of $63.32.

Main Street Capital (NYSE:MAIN - Get Free Report) last issued its earnings results on Thursday, February 27th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.06). Main Street Capital had a return on equity of 13.83% and a net margin of 89.25%. The firm had revenue of $140.44 million during the quarter, compared to the consensus estimate of $141.40 million. Equities research analysts forecast that Main Street Capital Co. will post 4.11 earnings per share for the current year.

Main Street Capital Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 21st were given a $0.30 dividend. This represents a yield of 7.11%. The ex-dividend date of this dividend was Thursday, March 20th. This is a boost from Main Street Capital's previous dividend of $0.25. Main Street Capital's payout ratio is currently 51.37%.

Main Street Capital Company 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.