6,569 Shares in Main Street Capital Co. (NYSE:MAIN) Bought by AssuredPartners Investment Advisors LLC

AssuredPartners Investment Advisors LLC bought a new position in shares of Main Street Capital Co. (NYSE:MAIN) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,569 shares of the financial services provider’s stock, valued at approximately $385,000.

A number of other large investors also recently modified their holdings of MAIN. US Bancorp DE raised its stake 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 worth $151,000 after acquiring an additional 200 shares during the period. Widmann Financial Services Inc. lifted its holdings in shares of Main Street Capital by 0.9% in the 3rd quarter. Widmann Financial Services Inc. now owns 22,990 shares of the financial services provider’s stock worth $1,153,000 after purchasing an additional 202 shares during the last quarter. IHT Wealth Management LLC boosted its position in Main Street Capital by 0.3% during the 3rd quarter. IHT Wealth Management LLC now owns 63,628 shares of the financial services provider’s stock valued at $3,190,000 after purchasing an additional 218 shares during the period. PFG Investments LLC grew its stake in Main Street Capital by 1.6% during the 4th 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 during the last quarter. Finally, Harbour Investments Inc. increased its position in Main Street Capital by 6.9% in the fourth quarter. Harbour Investments Inc. now owns 3,512 shares of the financial services provider’s stock worth $206,000 after buying an additional 228 shares during the period. 20.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Truist Financial boosted their price target on shares of Main Street Capital from $52.00 to $62.00 and gave the company a “hold” rating in a report on Monday, March 3rd.

Insider Activity at Main Street Capital

In other Main Street Capital news, 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 sale, the insider now directly owns 377,182 shares in the company, valued at approximately $21,895,415.10. The trade was a 20.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dwayne L. Hyzak sold 120,000 shares of the firm’s stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $58.05, for a total transaction of $6,966,000.00. Following the transaction, the chief executive officer now owns 402,371 shares of the company’s stock, valued at approximately $23,357,636.55. This trade represents a 22.97 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.00% of the company’s stock.

Main Street Capital Stock Performance

Shares of MAIN stock opened at $56.64 on Friday. The business has a 50 day simple moving average of $59.67 and a 200 day simple moving average of $55.69. 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 firm has a market capitalization of $5.02 billion, a price-to-earnings ratio of 10.26 and a beta of 1.26. Main Street Capital Co. has a 12-month low of $45.00 and a 12-month high of $63.32.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings data 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). The company had revenue of $140.44 million for the quarter, compared to the consensus estimate of $141.40 million. Main Street Capital had a net margin of 89.25% and a return on equity of 13.83%. On average, equities research analysts anticipate that Main Street Capital Co. will post 4.11 EPS for the current year.

Main Street Capital Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 21st were paid a $0.30 dividend. This is a positive change from Main Street Capital’s previous dividend of $0.25. This represents a dividend yield of 7.11%. The ex-dividend date of this dividend was Thursday, March 20th. 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.