14,779 Shares in Main Street Capital Co. (NYSE:MAIN) Acquired by XTX Topco Ltd

XTX Topco Ltd acquired a new position in Main Street Capital Co. (NYSE:MAIN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 14,779 shares of the financial services provider's stock, valued at approximately $866,000.

A number of other institutional investors also recently bought and sold shares of MAIN. US Bancorp DE lifted its position in Main Street Capital by 8.4% during the fourth quarter. US Bancorp DE now owns 2,579 shares of the financial services provider's stock valued at $151,000 after purchasing an additional 200 shares in the last quarter. PFG Investments LLC lifted its holdings in shares of Main Street Capital by 1.6% in the fourth quarter. PFG Investments LLC now owns 13,642 shares of the financial services provider's stock worth $799,000 after buying an additional 219 shares in the last quarter. Harbour Investments Inc. grew its stake in Main Street Capital by 6.9% during the fourth quarter. Harbour Investments Inc. now owns 3,512 shares of the financial services provider's stock valued at $206,000 after acquiring an additional 228 shares in the last quarter. Wedbush Securities Inc. increased its holdings in 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 acquiring an additional 266 shares during the last quarter. Finally, Marble Harbor Investment Counsel LLC boosted its holdings in shares of Main Street Capital by 4.8% during 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 last quarter. Institutional investors own 20.31% of the company's stock.

Analyst Ratings Changes

MAIN has been the subject of a number of research reports. UBS Group dropped their price target 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. Truist Financial increased 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. 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, the company currently has an average rating of "Hold" and an average price target of $52.60.

Main Street Capital Stock Performance

Shares of NYSE MAIN traded up $0.96 during midday trading on Tuesday, reaching $52.96. The company had a trading volume of 86,870 shares, compared to its average volume of 439,025. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13. The business's 50-day simple moving average is $56.80 and its 200 day simple moving average is $56.12. The stock has a market cap of $4.69 billion, a P/E ratio of 9.59 and a beta of 0.98. Main Street Capital Co. has a 1 year low of $45.00 and a 1 year 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). The business had revenue of $140.44 million for the quarter, compared to analysts' expectations of $141.40 million. Main Street Capital had a return on equity of 13.83% and a net margin of 89.25%. On average, analysts forecast that Main Street Capital Co. will post 4.11 earnings per share for the current fiscal year.

Main Street Capital Increases Dividend

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

Insider Activity at Main Street Capital

In other news, CEO Dwayne L. Hyzak sold 120,000 shares of the business's 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 sale, the chief executive officer now directly owns 402,371 shares in the company, valued at $23,357,636.55. The trade was a 22.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 directly owns 377,182 shares of the company's stock, valued at $21,895,415.10. This represents a 20.96 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.00% of the company's stock.

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.