Main Street Capital Co. (NYSE:MAIN - Get Free Report) CEO Dwayne L. Hyzak sold 120,000 shares of Main Street Capital stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $58.05, for a total value of $6,966,000.00. Following the completion of the transaction, the chief executive officer now owns 402,371 shares of the company's stock, valued at approximately $23,357,636.55. This represents a 22.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Main Street Capital Trading Down 1.4 %
Shares of NYSE MAIN traded down $0.83 during trading on Friday, hitting $56.64. 301,890 shares of the company were exchanged, compared to its average volume of 418,234. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.08 and a current ratio of 0.08. Main Street Capital Co. has a 12-month low of $45.00 and a 12-month high of $63.32. The company has a fifty day moving average price of $59.67 and a 200-day moving average price of $55.79. The firm has a market capitalization of $5.02 billion, a PE ratio of 10.26 and a beta of 1.26.
Main Street Capital (NYSE:MAIN - Get Free Report) last announced its quarterly 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 net margin of 89.25% and a return on equity of 13.83%. The company had revenue of $140.44 million for the quarter, compared to analyst estimates of $141.40 million. As a group, equities research analysts expect that Main Street Capital Co. will post 4.11 EPS for the current year.
Main Street Capital Increases Dividend
The company also recently announced a dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 21st were given a $0.30 dividend. This is a positive change from Main Street Capital's previous dividend of $0.25. The ex-dividend date was Thursday, March 20th. This represents a yield of 7.11%. Main Street Capital's payout ratio is presently 51.37%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of MAIN. US Bancorp DE grew its position in Main Street Capital by 8.4% in the 4th quarter. US Bancorp DE now owns 2,579 shares of the financial services provider's stock valued at $151,000 after acquiring an additional 200 shares in the last quarter. Widmann Financial Services Inc. boosted its stake in shares of Main Street Capital by 0.9% in the third quarter. Widmann Financial Services Inc. now owns 22,990 shares of the financial services provider's stock valued at $1,153,000 after purchasing an additional 202 shares during the period. IHT Wealth Management LLC grew its holdings in shares of Main Street Capital by 0.3% in the third 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 in the last quarter. PFG Investments LLC increased 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 period. Finally, Harbour Investments Inc. lifted its holdings in Main Street Capital by 6.9% during the 4th 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 in the last quarter. 20.31% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, Truist Financial boosted their price target 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.
Get Our Latest Stock Report on MAIN
Main Street Capital Company Profile
(
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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.
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