9,607 Shares in Main Street Capital Co. (NYSE:MAIN) Acquired by Savvy Advisors Inc.

Savvy Advisors Inc. acquired a new position in shares of Main Street Capital Co. (NYSE:MAIN - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 9,607 shares of the financial services provider's stock, valued at approximately $563,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of MAIN. Raymond James Financial Inc. purchased a new position in Main Street Capital in the fourth quarter valued at about $10,460,000. Invesco Ltd. raised its stake in shares of Main Street Capital by 470.4% during the 4th quarter. Invesco Ltd. now owns 139,166 shares of the financial services provider's stock worth $8,152,000 after buying an additional 114,768 shares during the last quarter. Morgan Dempsey Capital Management LLC purchased a new position in Main Street Capital during the 4th quarter valued at about $6,007,000. Van ECK Associates Corp raised its position in Main Street Capital by 7.8% during the fourth quarter. Van ECK Associates Corp now owns 1,288,309 shares of the financial services provider's stock worth $75,469,000 after acquiring an additional 92,833 shares during the last quarter. Finally, Rockefeller Capital Management L.P. acquired a new position in shares of Main Street Capital in the 4th quarter valued at about $3,139,000. Institutional investors and hedge funds own 20.31% of the company's stock.

Main Street Capital Stock Performance

Shares of NYSE:MAIN traded up $0.47 during trading on Friday, reaching $53.22. 605,245 shares of the company's stock traded hands, compared to its average volume of 440,117. 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 50 day moving average of $56.97 and a 200-day moving average of $56.03. Main Street Capital Co. has a 12 month low of $45.00 and a 12 month high of $63.32. The stock has a market capitalization of $4.71 billion, a P/E ratio of 9.64 and a beta of 0.98.

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 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 company had revenue of $140.44 million during the quarter, compared to analyst estimates of $141.40 million. On average, equities analysts expect that Main Street Capital Co. will post 4.11 EPS for the current year.

Main Street Capital Increases Dividend

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

Insider Activity

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 completion of the sale, the chief executive officer now owns 402,371 shares in the company, valued at approximately $23,357,636.55. This represents a 22.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David L. Magdol sold 100,000 shares of Main Street Capital 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 transaction, the insider now owns 377,182 shares in the company, valued at $21,895,415.10. The trade was a 20.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.09% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. UBS Group cut their target price 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 target price on Main Street Capital from $52.00 to $62.00 and gave the company a "hold" rating in a research note on Monday, March 3rd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $52.60.

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.