Sigma Planning Corp Sells 25,709 Shares of Main Street Capital Co. (NYSE:MAIN)

Sigma Planning Corp decreased its holdings in shares of Main Street Capital Co. (NYSE:MAIN) by 62.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,498 shares of the financial services provider’s stock after selling 25,709 shares during the period. Sigma Planning Corp’s holdings in Main Street Capital were worth $670,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new stake in Main Street Capital during the third quarter worth about $151,000. Impact Partnership Wealth LLC lifted its stake in Main Street Capital by 562.3% during the third quarter. Impact Partnership Wealth LLC now owns 1,000 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 849 shares during the last quarter. SS&H Financial Advisors Inc. bought a new stake in Main Street Capital during the third quarter worth about $821,000. U.S. Capital Wealth Advisors LLC lifted its stake in Main Street Capital by 2.2% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 137,410 shares of the financial services provider’s stock worth $5,583,000 after purchasing an additional 2,905 shares during the last quarter. Finally, Uncommon Cents Investing LLC bought a new stake in Main Street Capital during the third quarter worth about $310,000. Institutional investors own 20.31% of the company’s stock.

Main Street Capital Stock Up 0.2 %

Shares of NYSE:MAIN opened at $48.79 on Thursday. Main Street Capital Co. has a 1 year low of $37.70 and a 1 year high of $48.86. The company has a market cap of $4.15 billion, a PE ratio of 9.35 and a beta of 1.29. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.09 and a quick ratio of 0.09. The stock’s 50-day moving average is $46.43 and its 200 day moving average is $43.69.

Main Street Capital (NYSE:MAIN) last announced its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. Main Street Capital had a return on equity of 14.99% and a net margin of 85.62%. The company had revenue of $129.31 million for the quarter, compared to the consensus estimate of $125.52 million. Sell-side analysts anticipate that Main Street Capital Co. will post 4.07 EPS for the current year.

Main Street Capital Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 20th were issued a dividend of $0.30 per share. This represents a yield of 8.37%. The ex-dividend date was Tuesday, March 19th. This is an increase from Main Street Capital’s previous dividend of $0.24. Main Street Capital’s payout ratio is currently 55.17%.

Analyst Upgrades and Downgrades

MAIN has been the subject of several research analyst reports. UBS Group lifted their price target on Main Street Capital from $43.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Truist Financial lifted their price objective on Main Street Capital from $43.00 to $45.00 and gave the stock a “hold” rating in a report on Monday, February 26th. Oppenheimer lifted their price objective on Main Street Capital from $41.00 to $43.00 and gave the stock a “market perform” rating in a report on Monday, February 26th. Royal Bank of Canada lifted their price objective on Main Street Capital from $46.00 to $48.00 and gave the stock an “outperform” rating in a report on Monday, January 22nd. Finally, B. Riley downgraded Main Street Capital from a “buy” rating to a “neutral” rating and set a $47.00 price objective on the stock. in a report on Monday, January 8th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $45.50.

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.