XTX Topco Ltd Invests $866,000 in Main Street Capital Co. (NYSE:MAIN)

XTX Topco Ltd bought a new stake in Main Street Capital Co. (NYSE:MAIN - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 14,779 shares of the financial services provider's stock, valued at approximately $866,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. US Bancorp DE lifted 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 purchasing an additional 200 shares during the last quarter. PFG Investments LLC raised its holdings 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 valued at $799,000 after buying an additional 219 shares during the last quarter. Harbour Investments Inc. boosted its position in shares of Main Street Capital by 6.9% during the fourth 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 during the period. Wedbush Securities Inc. grew its holdings in Main Street Capital by 6.2% in the 4th quarter. Wedbush Securities Inc. now owns 4,591 shares of the financial services provider's stock worth $269,000 after buying an additional 266 shares in the last quarter. Finally, Marble Harbor Investment Counsel LLC increased its position in Main Street Capital by 4.8% in the 4th quarter. Marble Harbor Investment Counsel LLC now owns 6,285 shares of the financial services provider's stock valued at $368,000 after acquiring an additional 285 shares during the period. Institutional investors and hedge funds own 20.31% of the company's stock.

Analyst Ratings Changes

MAIN has been the subject of several recent analyst reports. Truist Financial increased 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 decreased their target price on shares of Main Street Capital from $55.00 to $54.00 and set a "neutral" rating for the company in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $52.60.

Insider Buying and Selling

In other news, CEO Dwayne L. Hyzak sold 120,000 shares of Main Street Capital stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $58.05, for a total transaction of $6,966,000.00. Following the transaction, the chief executive officer now owns 402,371 shares in the company, valued at approximately $23,357,636.55. The trade was a 22.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 value of $5,805,000.00. Following the completion of the sale, 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. 4.09% of the stock is currently owned by company insiders.

Main Street Capital Price Performance

MAIN stock traded up $0.47 during trading hours on Friday, hitting $53.22. 605,245 shares of the stock traded hands, compared to its average volume of 440,607. The stock has a 50-day simple moving average of $56.97 and a 200 day simple moving average of $56.07. The company has a market cap of $4.71 billion, a P/E ratio of 9.64 and a beta of 0.98. Main Street Capital Co. has a one year low of $45.00 and a one year high of $63.32. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13.

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 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 business had revenue of $140.44 million for the quarter, compared to the consensus estimate of $141.40 million. Equities analysts forecast 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 declared a dividend, which was paid on Thursday, March 27th. Investors 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 dividend yield of 7.11%. Main Street Capital's dividend payout ratio (DPR) is 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.