Invesco Ltd. Has $8.15 Million Stock Position in Main Street Capital Co. (NYSE:MAIN)

Invesco Ltd. grew its stake in shares of Main Street Capital Co. (NYSE:MAIN - Free Report) by 470.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 139,166 shares of the financial services provider's stock after buying an additional 114,768 shares during the period. Invesco Ltd. owned 0.16% of Main Street Capital worth $8,152,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Asset Planning Inc purchased a new stake in Main Street Capital in the 4th quarter valued at about $29,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Main Street Capital during the third quarter valued at approximately $50,000. AdvisorNet Financial Inc lifted its holdings in 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 buying an additional 729 shares in the last quarter. Jones Financial Companies Lllp grew its stake in 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 valued at $77,000 after purchasing an additional 311 shares in the last quarter. Finally, Signaturefd LLC increased its stake in shares of Main Street Capital by 34.2% in the fourth quarter. Signaturefd LLC now owns 1,494 shares of the financial services provider's stock worth $88,000 after buying an additional 381 shares during the last quarter. Institutional investors and hedge funds own 20.31% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on MAIN shares. Truist Financial lifted their price target on Main Street Capital from $52.00 to $62.00 and gave the stock a "hold" rating in a research note on Monday, March 3rd. UBS Group lowered their price target on Main Street Capital from $55.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $52.60.

Insider Buying and Selling at Main Street Capital

In other news, insider David L. Magdol sold 100,000 shares of the company's stock in a transaction on 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 transaction, the insider now directly owns 377,182 shares of the company's stock, valued at approximately $21,895,415.10. This represents a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Dwayne L. Hyzak sold 120,000 shares of Main Street Capital stock in a transaction on 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 sale, the chief executive officer now directly owns 402,371 shares of the company's stock, valued at approximately $23,357,636.55. The trade was a 22.97 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.00% of the company's stock.

Main Street Capital Price Performance

Shares of MAIN stock traded down $0.51 during mid-day trading on Friday, hitting $54.13. 359,131 shares of the stock traded hands, compared to its average volume of 443,315. The company's 50-day simple moving average is $56.19 and its 200-day simple moving average is $56.17. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of 9.81 and a beta of 0.98. Main Street Capital Co. has a twelve month low of $45.00 and a twelve month high of $63.32. 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 (NYSE:MAIN - Get Free Report) last posted its quarterly 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). The business had revenue of $140.44 million during the quarter, compared to analyst estimates of $141.40 million. Main Street Capital had a return on equity of 13.83% and a net margin of 89.25%. As a group, equities research analysts expect that Main Street Capital Co. will post 4.11 earnings per share for the current year.

Main Street Capital Increases Dividend

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

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.