Main Street Capital Co. (NYSE:MAIN) Shares Sold by Natixis

Natixis decreased its holdings in Main Street Capital Co. (NYSE:MAIN - Free Report) by 42.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,920 shares of the financial services provider's stock after selling 12,979 shares during the quarter. Natixis' holdings in Main Street Capital were worth $1,050,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MAIN. US Bancorp DE boosted its holdings 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 purchasing an additional 200 shares during the last quarter. PFG Investments LLC lifted its position in shares of Main Street Capital by 1.6% during the fourth quarter. PFG Investments LLC now owns 13,642 shares of the financial services provider's stock worth $799,000 after purchasing an additional 219 shares in the last quarter. Harbour Investments Inc. grew its stake in shares of Main Street Capital by 6.9% in the fourth quarter. Harbour Investments Inc. now owns 3,512 shares of the financial services provider's stock worth $206,000 after acquiring an additional 228 shares in the last quarter. Wedbush Securities Inc. increased its holdings in Main Street Capital by 6.2% during the 4th quarter. Wedbush Securities Inc. now owns 4,591 shares of the financial services provider's stock worth $269,000 after purchasing an additional 266 shares during the period. Finally, Marble Harbor Investment Counsel LLC grew its position in shares of Main Street Capital by 4.8% during the fourth quarter. Marble Harbor Investment Counsel LLC now owns 6,285 shares of the financial services provider's stock worth $368,000 after buying an additional 285 shares in the last quarter. Hedge funds and other institutional investors own 20.31% of the company's stock.

Analyst Ratings Changes

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

Main Street Capital Stock Performance

Shares of NYSE:MAIN traded up $0.39 on Monday, reaching $54.54. The company's stock had a trading volume of 259,600 shares, compared to its average volume of 442,694. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08. Main Street Capital Co. has a 52-week low of $45.00 and a 52-week high of $63.32. The stock's 50-day moving average is $56.19 and its two-hundred day moving average is $56.20. The stock has a market capitalization of $4.83 billion, a P/E ratio of 9.86 and a beta of 0.98.

Main Street Capital (NYSE:MAIN - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $140.44 million for 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, sell-side analysts forecast 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. Stockholders of record on Friday, March 21st were issued a $0.30 dividend. This is an increase from Main Street Capital's previous dividend of $0.25. The ex-dividend date was Thursday, March 20th. This represents a dividend yield of 7.11%. Main Street Capital's payout ratio is presently 51.37%.

Insider Buying and Selling

In other Main Street Capital news, CEO Dwayne L. Hyzak sold 120,000 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now owns 402,371 shares in the company, valued at approximately $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 can be accessed through this link. Also, insider David L. Magdol sold 100,000 shares of the company'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 in the company, valued at approximately $21,895,415.10. This trade 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 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.