Main Street Capital Corporation $MAIN Stock: Vestor Capital LLC Trims Stake

Vestor Capital LLC trimmed its holdings in shares of Main Street Capital Corporation (NYSE:MAIN) by 59.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 22,583 shares of the financial services provider’s stock after selling 32,625 shares during the quarter. Vestor Capital LLC’s holdings in Main Street Capital were worth $1,243,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. StoneX Group Inc. bought a new stake in Main Street Capital during the third quarter worth approximately $549,000. United Advisor Group LLC lifted its stake in shares of Main Street Capital by 23.8% in the 3rd quarter. United Advisor Group LLC now owns 5,202 shares of the financial services provider’s stock valued at $286,000 after purchasing an additional 1,001 shares during the last quarter. Inscription Capital LLC lifted its stake in shares of Main Street Capital by 4.3% in the 3rd quarter. Inscription Capital LLC now owns 12,346 shares of the financial services provider’s stock valued at $680,000 after purchasing an additional 504 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Main Street Capital by 0.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 60,249 shares of the financial services provider’s stock worth $3,317,000 after purchasing an additional 490 shares during the period. Finally, Integrity Alliance LLC. boosted its holdings in shares of Main Street Capital by 27.2% in the 3rd quarter. Integrity Alliance LLC. now owns 7,906 shares of the financial services provider’s stock worth $435,000 after purchasing an additional 1,691 shares during the period. Institutional investors own 20.31% of the company’s stock.

Main Street Capital Price Performance

NYSE MAIN opened at $57.23 on Tuesday. The company has a market cap of $5.35 billion, a PE ratio of 14.55 and a beta of 0.73. The firm’s 50 day moving average price is $55.51 and its 200-day moving average price is $55.38. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.05 and a current ratio of 0.05. Main Street Capital Corporation has a 52-week low of $48.95 and a 52-week high of $65.23.

Main Street Capital (NYSE:MAIN) last announced its quarterly earnings results on Thursday, November 5th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). The company had revenue of $142.53 million during the quarter, compared to analyst estimates of $145.67 million. Main Street Capital had a net margin of 78.49% and a return on equity of 11.80%. Sell-side analysts forecast that Main Street Capital Corporation will post 3.75 EPS for the current fiscal year.

Main Street Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 15th. Shareholders of record on Monday, March 8th will be given a dividend of $0.27 per share. The ex-dividend date is Monday, March 8th. This represents a $3.24 dividend on an annualized basis and a yield of 5.7%. Main Street Capital’s dividend payout ratio is currently 65.84%.

Insider Transactions at Main Street Capital

In related news, CAO Ryan Mchugh acquired 2,550 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were acquired at an average cost of $59.05 per share, with a total value of $150,577.50. Following the completion of the acquisition, the chief accounting officer directly owned 22,647 shares in the company, valued at approximately $1,337,305.35. This trade represents a 12.69% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.83% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MAIN. UBS Group increased their price target on Main Street Capital from $57.00 to $58.00 and gave the company a “neutral” rating in a report on Monday. Wall Street Zen cut shares of Main Street Capital from a “hold” rating to a “sell” rating in a research report on Sunday, October 11th. Truist Financial increased their price target on Main Street Capital from $53.00 to $57.00 and gave the stock a “hold” rating in a report on Monday, August 10th. Citigroup reiterated a “market outperform” rating on shares of Main Street Capital in a report on Monday, August 10th. Finally, Zacks Research raised Main Street Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Main Street Capital has an average rating of “Hold” and a consensus price target of $61.14.

About Main Street Capital

Main Street Capital Corporation is a business development company that provides customized debt and equity financing to privately held businesses. It focuses on lower middle market companies and also invests in debt securities issued by middle market businesses.

The company’s financing can support business growth, acquisitions, recapitalizations, and management buyouts. Main Street generally works directly with portfolio companies and their owners, offering capital structures tailored to each business’s needs.

Founded in 2007 and headquartered in Houston, Texas, Main Street primarily serves businesses in the United States.