Axa S.A. Purchases Shares of 8,317 Main Street Capital Co. (NYSE:MAIN)

Axa S.A. acquired a new position in shares of Main Street Capital Co. (NYSE:MAIN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,317 shares of the financial services provider’s stock, valued at approximately $487,000.

Several other hedge funds also recently modified their holdings of MAIN. Wealthstar Advisors LLC acquired a new position in Main Street Capital during the fourth quarter valued at approximately $1,326,000. Franklin Resources Inc. boosted its holdings in shares of Main Street Capital by 19.3% in the 3rd quarter. Franklin Resources Inc. now owns 217,461 shares of the financial services provider’s stock valued at $11,119,000 after buying an additional 35,227 shares during the last quarter. Segment Wealth Management LLC grew its stake in shares of Main Street Capital by 15.8% in the fourth quarter. Segment Wealth Management LLC now owns 50,368 shares of the financial services provider’s stock valued at $2,951,000 after buying an additional 6,856 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Main Street Capital during the fourth quarter worth $957,000. Finally, Nomura Asset Management Co. Ltd. raised its position in Main Street Capital by 270.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 9,301 shares of the financial services provider’s stock worth $545,000 after acquiring an additional 6,793 shares in the last quarter. Institutional investors own 20.31% of the company’s stock.

Main Street Capital Stock Down 0.4 %

Shares of MAIN opened at $52.82 on Friday. The firm has a market cap of $4.68 billion, a P/E ratio of 9.57 and a beta of 0.86. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.08 and a current ratio of 0.08. Main Street Capital Co. has a 52 week low of $45.00 and a 52 week high of $63.32. The firm’s 50-day simple moving average is $54.72 and its 200 day simple moving average is $56.26.

Main Street Capital (NYSE:MAIN) last announced its earnings results on Thursday, May 8th. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.01. The company had revenue of $137.05 million for the quarter, compared to analyst estimates of $137.50 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 year.

Main Street Capital Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 8th will be given a $0.255 dividend. This represents a $3.06 dividend on an annualized basis and a dividend yield of 5.79%. The ex-dividend date of this dividend is Monday, September 8th. This is a boost from Main Street Capital’s previous monthly dividend of $0.25. Main Street Capital’s payout ratio is presently 51.37%.

Insider Activity at Main Street Capital

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 sale, the chief executive officer now directly owns 402,371 shares of the company’s stock, valued at approximately $23,357,636.55. This represents a 22.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider David L. Magdol sold 100,000 shares of the business’s stock in a transaction dated Wednesday, March 26th. The shares were 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 directly owns 377,182 shares of the company’s stock, valued at approximately $21,895,415.10. This trade represents a 20.96 % decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on MAIN shares. Truist Financial boosted their price objective on shares of Main Street Capital from $52.00 to $62.00 and gave the stock a “hold” rating in a research note on Monday, March 3rd. UBS Group cut their price objective on 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. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Main Street Capital has an average rating of “Hold” and a consensus price target 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.