Wambolt & Associates LLC decreased its holdings in Main Street Capital Co. (NYSE:MAIN - Free Report) by 11.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,205 shares of the financial services provider's stock after selling 9,656 shares during the quarter. Main Street Capital makes up approximately 1.4% of Wambolt & Associates LLC's holdings, making the stock its 18th largest holding. Wambolt & Associates LLC owned 0.09% of Main Street Capital worth $4,406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Asset Planning Inc acquired a new position in Main Street Capital in the fourth quarter valued at $29,000. Truvestments Capital LLC acquired a new position in shares of Main Street Capital in the 3rd quarter valued at about $39,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Main Street Capital in the 3rd quarter valued at about $50,000. AdvisorNet Financial Inc increased its position in Main Street Capital by 145.8% during 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 in the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in 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 buying an additional 311 shares during the period. Institutional investors and hedge funds own 20.31% of the company's stock.
Wall Street Analyst Weigh In
Separately, Truist Financial boosted their price objective on shares of Main Street Capital from $52.00 to $62.00 and gave the stock a "hold" rating in a research note on Monday, March 3rd.
View Our Latest Report on MAIN
Insider Buying and Selling at Main Street Capital
In related news, CEO Dwayne L. Hyzak sold 120,000 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 $6,966,000.00. Following the sale, the chief executive officer now directly owns 402,371 shares of the company's stock, valued at $23,357,636.55. This represents a 22.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David L. Magdol sold 100,000 shares of the firm's stock in a transaction on 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 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 disclosure for this sale can be found here. 4.00% of the stock is currently owned by corporate insiders.
Main Street Capital Stock Down 1.4 %
Shares of NYSE MAIN traded down $0.83 on Friday, hitting $56.64. The company had a trading volume of 301,890 shares, compared to its average volume of 418,234. 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. The firm has a market capitalization of $5.02 billion, a P/E ratio of 10.26 and a beta of 1.26. The business has a 50 day moving average of $59.67 and a two-hundred day moving average of $55.74.
Main Street Capital (NYSE:MAIN - Get Free Report) last issued its quarterly earnings data 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 net margin of 89.25% and a return on equity of 13.83%. The firm had revenue of $140.44 million during the quarter, compared to analyst estimates of $141.40 million. As a group, equities research 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 company also recently disclosed a dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 21st were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a yield of 7.11%. This is a positive change from Main Street Capital's previous dividend of $0.25. Main Street Capital's payout ratio is currently 51.37%.
Main Street Capital Company Profile
(
Free Report)
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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