Triumph Capital Management Decreases Stock Position in Main Street Capital Co. (NYSE:MAIN)

Triumph Capital Management cut its stake in shares of Main Street Capital Co. (NYSE:MAIN - Free Report) by 39.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 7,718 shares of the financial services provider's stock after selling 4,934 shares during the period. Triumph Capital Management's holdings in Main Street Capital were worth $452,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Kapitalo Investimentos Ltda purchased a new stake in shares of Main Street Capital during the fourth quarter worth $45,000. Lido Advisors LLC grew its stake in Main Street Capital by 2.5% during the 4th quarter. Lido Advisors LLC now owns 20,073 shares of the financial services provider's stock valued at $1,176,000 after acquiring an additional 484 shares in the last quarter. Aquatic Capital Management LLC raised its holdings in Main Street Capital by 20.6% in the 4th quarter. Aquatic Capital Management LLC now owns 16,526 shares of the financial services provider's stock valued at $968,000 after acquiring an additional 2,826 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Main Street Capital in the 4th quarter worth approximately $1,953,000. Finally, Virtus ETF Advisers LLC boosted its holdings in shares of Main Street Capital by 4.1% during the 4th quarter. Virtus ETF Advisers LLC now owns 9,910 shares of the financial services provider's stock worth $581,000 after purchasing an additional 386 shares during the last quarter. 20.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MAIN has been the subject of several recent research reports. Truist Financial increased their price target on Main Street Capital from $52.00 to $62.00 and gave the company a "hold" rating in a report on Monday, March 3rd. UBS Group cut 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. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $52.60.

Insider Buying and Selling

In related news, CEO Dwayne L. Hyzak sold 120,000 shares of the firm's stock in a transaction dated 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 directly owns 402,371 shares in the company, valued at $23,357,636.55. This trade represents a 22.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David L. Magdol sold 100,000 shares of the business's stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $58.05, for a total transaction of $5,805,000.00. Following the sale, the insider now owns 377,182 shares in the company, valued at $21,895,415.10. This trade 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 currently owned by corporate insiders.

Main Street Capital Trading Up 2.1 %

MAIN traded up $1.10 during trading hours on Friday, reaching $53.73. The company's stock had a trading volume of 677,216 shares, compared to its average volume of 445,710. The business's 50-day moving average is $55.39 and its 200-day moving average is $56.22. 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 stock has a market cap of $4.76 billion, a PE ratio of 9.73 and a beta of 0.98. Main Street Capital Co. has a fifty-two week low of $45.00 and a fifty-two week high of $63.32.

Main Street Capital (NYSE:MAIN - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The financial services provider reported $1.02 earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $140.44 million for the quarter, compared to analysts' expectations of $141.40 million. As a group, equities research analysts predict that Main Street Capital Co. will post 4.11 earnings per share for the current fiscal year.

Main Street Capital Cuts Dividend

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

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.