Intrepid Capital Management Inc. Takes $293,000 Position in Main Street Capital Co. (NYSE:MAIN)

Intrepid Capital Management Inc. acquired a new position in shares of Main Street Capital Co. (NYSE:MAIN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,000 shares of the financial services provider's stock, valued at approximately $293,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Asset Planning Inc acquired a new stake in Main Street Capital during the 4th quarter worth approximately $29,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Main Street Capital during the third quarter worth $50,000. AdvisorNet Financial Inc boosted its position in shares of Main Street Capital by 145.8% in the fourth quarter. AdvisorNet Financial Inc now owns 1,229 shares of the financial services provider's stock valued at $72,000 after acquiring an additional 729 shares during the period. Jones Financial Companies Lllp grew its stake 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 valued at $77,000 after acquiring an additional 311 shares in the last quarter. Finally, Signaturefd LLC increased its position in Main Street Capital by 34.2% during the fourth quarter. Signaturefd LLC now owns 1,494 shares of the financial services provider's stock worth $88,000 after acquiring an additional 381 shares during the period. 20.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Truist Financial increased their target price on shares of Main Street Capital from $52.00 to $62.00 and gave the stock a "hold" rating in a research report on Monday, March 3rd.

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Main Street Capital Stock Down 2.6 %

NYSE:MAIN traded down $1.50 during trading hours on Thursday, reaching $55.97. The company had a trading volume of 527,462 shares, compared to its average volume of 418,117. The business's 50-day simple moving average is $59.47 and its two-hundred day simple moving average is $55.90. Main Street Capital Co. has a twelve month low of $45.00 and a twelve month high of $63.32. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.13. The firm has a market cap of $4.96 billion, a price-to-earnings ratio of 10.14 and a beta of 1.26.

Main Street Capital (NYSE:MAIN - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The financial services provider reported $1.02 EPS 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 business had revenue of $140.44 million for the quarter, compared to analysts' expectations of $141.40 million. On average, equities analysts expect that Main Street Capital Co. will post 4.11 earnings per share for the current year.

Main Street Capital Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 21st were issued a $0.30 dividend. This represents a dividend yield of 7.11%. This is an increase from Main Street Capital's previous dividend of $0.25. The ex-dividend date was Thursday, March 20th. Main Street Capital's dividend payout ratio is presently 51.37%.

Insiders Place Their Bets

In other news, CEO Dwayne L. Hyzak sold 120,000 shares of Main Street Capital stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $58.05, for a total value of $6,966,000.00. Following the sale, the chief executive officer now directly owns 402,371 shares in the company, valued at approximately $23,357,636.55. This trade represents a 22.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David L. Magdol sold 100,000 shares of the 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 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.00% of the company's stock.

Main Street Capital Company 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.