Waterloo Capital L.P. Buys New Holdings in Main Street Capital Co. (NYSE:MAIN)

Waterloo Capital L.P. purchased a new position in shares of Main Street Capital Co. (NYSE:MAIN) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,079 shares of the financial services provider’s stock, valued at approximately $239,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Asset Planning Inc acquired a new position in shares of Main Street Capital in the 4th quarter worth approximately $29,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Main Street Capital in the 3rd quarter valued at $50,000. AdvisorNet Financial Inc grew its holdings in shares of Main Street Capital by 145.8% in the 4th quarter. AdvisorNet Financial Inc now owns 1,229 shares of the financial services provider’s stock worth $72,000 after purchasing an additional 729 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Main Street Capital by 31.3% during the 4th quarter. Jones Financial Companies Lllp now owns 1,306 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 311 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in Main Street Capital by 34.2% during the 4th quarter. Signaturefd LLC now owns 1,494 shares of the financial services provider’s stock valued at $88,000 after purchasing an additional 381 shares during the last quarter. Institutional investors own 20.31% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Transactions 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 stock was sold at an average price of $58.05, for a total transaction of $5,805,000.00. Following the completion of the sale, the insider now directly owns 377,182 shares of the company’s stock, valued at approximately $21,895,415.10. The trade was a 20.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 completion of the transaction, the chief executive officer now directly owns 402,371 shares in the company, valued at $23,357,636.55. This trade represents a 22.97 % decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by corporate insiders.

Main Street Capital Stock Performance

Main Street Capital stock opened at $50.29 on Tuesday. The stock has a 50-day simple moving average of $58.97 and a 200 day simple moving average of $56.00. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of 9.11 and a beta of 0.98. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.13. 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 announced its earnings results 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). Main Street Capital had a return on equity of 13.83% and a net margin of 89.25%. The company had revenue of $140.44 million during the quarter, compared to the consensus estimate of $141.40 million. On average, research analysts anticipate 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 paid a $0.30 dividend. This is a boost 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 (DPR) is 51.37%.

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.