Main Street Capital Co. (NYSE:MAIN) Shares Sold by Mutual Advisors LLC

Mutual Advisors LLC trimmed its holdings in shares of Main Street Capital Co. (NYSE:MAIN) by 39.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,263 shares of the financial services provider’s stock after selling 10,018 shares during the period. Mutual Advisors LLC’s holdings in Main Street Capital were worth $660,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Price T Rowe Associates Inc. MD raised its stake in Main Street Capital by 2.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,425,606 shares of the financial services provider’s stock worth $135,175,000 after acquiring an additional 72,880 shares during the period. Burgundy Asset Management Ltd. lifted its holdings in shares of Main Street Capital by 2.1% in the 3rd quarter. Burgundy Asset Management Ltd. now owns 1,020,535 shares of the financial services provider’s stock worth $41,464,000 after purchasing an additional 21,085 shares during the last quarter. Van ECK Associates Corp grew its stake in Main Street Capital by 12.4% during the 3rd quarter. Van ECK Associates Corp now owns 805,063 shares of the financial services provider’s stock worth $32,709,000 after buying an additional 88,802 shares during the last quarter. Morgan Stanley increased its position in Main Street Capital by 4.8% in the third quarter. Morgan Stanley now owns 795,511 shares of the financial services provider’s stock worth $32,322,000 after buying an additional 36,668 shares during the period. Finally, Legal & General Group Plc lifted its stake in Main Street Capital by 1.4% in the third quarter. Legal & General Group Plc now owns 588,490 shares of the financial services provider’s stock valued at $23,902,000 after buying an additional 8,091 shares during the last quarter. 20.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MAIN. Oppenheimer increased their price objective on shares of Main Street Capital from $41.00 to $43.00 and gave the stock a “market perform” rating in a report on Monday, February 26th. UBS Group lifted their price target on Main Street Capital from $43.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, March 1st. B. Riley lowered Main Street Capital from a “buy” rating to a “neutral” rating and set a $47.00 price objective for the company. in a report on Monday, January 8th. Truist Financial lifted their target price on Main Street Capital from $43.00 to $45.00 and gave the company a “hold” rating in a research note on Monday, February 26th. Finally, Royal Bank of Canada increased their price target on Main Street Capital from $46.00 to $48.00 and gave the stock an “outperform” rating in a research note on Monday, January 22nd. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $45.50.

Main Street Capital Stock Performance

MAIN opened at $46.78 on Thursday. The business has a 50 day moving average price of $45.46 and a two-hundred day moving average price of $42.71. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.09 and a quick ratio of 0.09. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 8.96 and a beta of 1.28. Main Street Capital Co. has a 1-year low of $37.70 and a 1-year high of $46.84.

Main Street Capital (NYSE:MAIN) last announced its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. The business had revenue of $129.31 million during the quarter, compared to analyst estimates of $125.52 million. Main Street Capital had a return on equity of 14.99% and a net margin of 85.62%. Research analysts predict that Main Street Capital Co. will post 4.07 EPS for the current fiscal year.

Main Street Capital Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 20th were paid a $0.30 dividend. The ex-dividend date was Tuesday, March 19th. This represents a dividend yield of 8.37%. This is a boost from Main Street Capital’s previous dividend of $0.24. Main Street Capital’s payout ratio is currently 55.17%.

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.