Sagespring Wealth Partners LLC Purchases Shares of 5,958 Main Street Capital Co. (NYSE:MAIN)

Sagespring Wealth Partners LLC acquired a new position in Main Street Capital Co. (NYSE:MAIN - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 5,958 shares of the financial services provider's stock, valued at approximately $349,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Asset Planning Inc purchased a new position in Main Street Capital during the fourth quarter valued at $29,000. Colonial Trust Advisors bought a new stake in Main Street Capital during the 4th quarter worth approximately $46,000. Wilmington Savings Fund Society FSB bought a new position in Main Street Capital in the 3rd quarter worth approximately $50,000. AdvisorNet Financial Inc grew its position in shares of Main Street Capital by 145.8% during the fourth quarter. AdvisorNet Financial Inc now owns 1,229 shares of the financial services provider's stock valued at $72,000 after purchasing an additional 729 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of Main Street Capital by 31.3% in the fourth 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 during the last quarter. Hedge funds and other institutional investors own 20.31% of the company's stock.

Insider Activity at Main Street Capital

In other Main Street Capital news, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction, the insider now owns 377,182 shares of the company's stock, valued at $21,895,415.10. This represents a 20.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.09% of the stock is owned by company insiders.

Main Street Capital Trading Up 0.9 %

NYSE MAIN traded up $0.47 during trading hours on Friday, hitting $53.22. 605,245 shares of the company were exchanged, compared to its average volume of 440,117. The stock has a 50-day moving average price of $56.97 and a 200 day moving average price of $56.03. Main Street Capital Co. has a 52 week low of $45.00 and a 52 week high of $63.32. The stock has a market cap of $4.71 billion, a PE ratio of 9.64 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 (NYSE:MAIN - Get Free Report) last released its earnings results on Thursday, February 27th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $140.44 million during the quarter, compared to the consensus estimate of $141.40 million. Analysts forecast that Main Street Capital Co. will post 4.11 earnings per share for the current fiscal year.

Main Street Capital Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 21st were paid a dividend of $0.30 per share. 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 was Thursday, March 20th. Main Street Capital's dividend payout ratio (DPR) is currently 51.37%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Truist Financial raised their price target on Main Street Capital from $52.00 to $62.00 and gave the company a "hold" rating in a report on Monday, March 3rd. UBS Group cut their target price on shares of Main Street Capital from $55.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $52.60.

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.