Price T Rowe Associates Inc. MD Purchases 6,691 Shares of Main Street Capital Co. (NYSE:MAIN)

Price T Rowe Associates Inc. MD boosted its holdings in Main Street Capital Co. (NYSE:MAIN - Free Report) by 0.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,419,244 shares of the financial services provider's stock after acquiring an additional 6,691 shares during the quarter. Price T Rowe Associates Inc. MD owned 3.88% of Main Street Capital worth $200,300,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. US Bancorp DE raised its stake in shares of Main Street Capital by 8.4% in the 4th quarter. US Bancorp DE now owns 2,579 shares of the financial services provider's stock valued at $151,000 after buying an additional 200 shares in the last quarter. PFG Investments LLC grew 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 acquiring an additional 219 shares during the period. Harbour Investments Inc. grew its position in shares of 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. grew its holdings in shares of Main Street Capital by 6.2% in the 4th quarter. Wedbush Securities Inc. now owns 4,591 shares of the financial services provider's stock valued at $269,000 after buying an additional 266 shares during the period. Finally, Marble Harbor Investment Counsel LLC grew its position in shares of Main Street Capital by 4.8% in the 4th quarter. Marble Harbor Investment Counsel LLC now owns 6,285 shares of the financial services provider's stock valued at $368,000 after purchasing an additional 285 shares during the period. Institutional investors and hedge funds own 20.31% of the company's stock.

Insider Activity

In other news, 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 transaction, the insider now directly owns 377,182 shares in the company, valued at $21,895,415.10. This trade represents a 20.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Dwayne L. Hyzak sold 120,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 402,371 shares in the company, valued at $23,357,636.55. This trade represents a 22.97 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.00% of the company's stock.

Main Street Capital Trading Up 2.1 %

Shares of MAIN traded up $1.13 during trading hours on Friday, hitting $53.76. The company had a trading volume of 366,661 shares, compared to its average volume of 443,237. The firm has a market cap of $4.76 billion, a P/E ratio of 9.74 and a beta of 0.98. Main Street Capital Co. has a 52-week low of $45.00 and a 52-week high of $63.32. 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 stock's 50 day moving average price is $55.52 and its 200 day moving average price is $56.21.

Main Street Capital (NYSE:MAIN - Get Free Report) last released its 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 firm had revenue of $140.44 million during the quarter, compared to analysts' expectations of $141.40 million. On average, research analysts predict that Main Street Capital Co. will post 4.11 EPS for the current year.

Main Street Capital Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, May 15th. Shareholders of record on Friday, May 9th will be paid a dividend of $0.25 per share. This represents a yield of 5.7%. The ex-dividend date of this dividend is Thursday, May 8th. Main Street Capital's dividend payout ratio is currently 51.37%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. UBS Group decreased their price objective on shares of 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. Truist Financial upped their target price 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 analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company 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.