Blair William & Co. IL Grows Stake in Main Street Capital Co. (NYSE:MAIN)

Blair William & Co. IL boosted its position in shares of Main Street Capital Co. (NYSE:MAIN) by 2.2% in the fourth quarter, Holdings Channel reports. The fund owned 41,214 shares of the financial services provider’s stock after purchasing an additional 872 shares during the quarter. Blair William & Co. IL’s holdings in Main Street Capital were worth $2,414,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Asset Planning Inc bought a new position in Main Street Capital in the 4th quarter worth $29,000. Wilmington Savings Fund Society FSB purchased a new stake in Main Street Capital in the third quarter worth about $50,000. AdvisorNet Financial Inc raised its stake 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 worth $72,000 after buying an additional 729 shares during the period. Jones Financial Companies Lllp lifted its position in shares of 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 buying an additional 311 shares in the last quarter. Finally, Signaturefd LLC grew its stake in shares of Main Street Capital by 34.2% during the 4th quarter. Signaturefd LLC now owns 1,494 shares of the financial services provider’s stock valued at $88,000 after acquiring an additional 381 shares during the period. Institutional investors own 20.31% of the company’s stock.

Main Street Capital Stock Up 2.2 %

Shares of MAIN opened at $57.78 on Wednesday. Main Street Capital Co. has a 12-month low of $45.00 and a 12-month 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. The company has a market capitalization of $5.12 billion, a PE ratio of 10.47 and a beta of 1.26. The business’s 50 day moving average is $59.53 and its 200 day moving average is $55.89.

Main Street Capital (NYSE:MAIN) last released its earnings results on Thursday, February 27th. The financial services provider reported $1.02 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.06). The company had revenue of $140.44 million during the quarter, compared to analysts’ expectations of $141.40 million. Main Street Capital had a return on equity of 13.83% and a net margin of 89.25%. Research analysts expect 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 announced 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 a boost from Main Street Capital’s previous dividend of $0.25. The ex-dividend date of this dividend was Thursday, March 20th. Main Street Capital’s payout ratio is 51.37%.

Insider Buying and Selling

In related news, insider David L. Magdol sold 100,000 shares of the firm’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 completion of the transaction, the insider now directly owns 377,182 shares of the company’s stock, valued at approximately $21,895,415.10. This trade represents a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction 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. The trade was a 22.97 % decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Truist Financial lifted their price target on shares of Main Street Capital from $52.00 to $62.00 and gave the company a “hold” rating in a report on Monday, March 3rd.

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.