4,401 Shares in Main Street Capital Co. (NYSE:MAIN) Purchased by Bank of Montreal Can

Bank of Montreal Can purchased a new stake in Main Street Capital Co. (NYSE:MAIN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,401 shares of the financial services provider’s stock, valued at approximately $258,000.

Other hedge funds also recently modified their holdings of the company. US Bancorp DE raised its stake in shares of Main Street Capital by 8.4% in the fourth 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 in the last quarter. PFG Investments LLC increased its holdings in Main Street Capital by 1.6% in the 4th 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 period. Harbour Investments Inc. raised its stake in shares of Main Street Capital by 6.9% in the 4th quarter. Harbour Investments Inc. now owns 3,512 shares of the financial services provider’s stock valued at $206,000 after buying an additional 228 shares in the last quarter. Wedbush Securities Inc. lifted its holdings in shares of 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 acquiring an additional 266 shares during the period. Finally, Marble Harbor Investment Counsel LLC boosted its position in shares of Main Street Capital by 4.8% during 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 in the last quarter. Institutional investors own 20.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on MAIN. Truist Financial raised their price target 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. UBS Group dropped their target price 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 analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $52.60.

Main Street Capital Trading Up 1.8 %

MAIN stock opened at $54.62 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of 9.89 and a beta of 0.98. The business has a fifty day moving average price of $56.35 and a 200 day moving average price of $56.11. Main Street Capital Co. has a fifty-two week low of $45.00 and a fifty-two week high of $63.32.

Main Street Capital (NYSE:MAIN) last released its quarterly earnings results on Thursday, February 27th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $141.40 million. Analysts expect that Main Street Capital Co. will post 4.11 EPS for the current fiscal year.

Main Street Capital Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 21st were given a dividend of $0.30 per share. This represents a dividend yield of 7.11%. This is a positive change 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 dividend payout ratio is presently 51.37%.

Insider Activity at Main Street Capital

In other news, CEO Dwayne L. Hyzak sold 120,000 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 $6,966,000.00. Following the transaction, the chief executive officer now 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David L. Magdol sold 100,000 shares of Main Street Capital 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 owns 377,182 shares of the company’s stock, valued at approximately $21,895,415.10. The trade was 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 company insiders.

About Main Street Capital

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.