Sentinel Trust Co. LBA Sells 1,039 Shares of Main Street Capital Co. (NYSE:MAIN)

Sentinel Trust Co. LBA cut its stake in Main Street Capital Co. (NYSE:MAINFree Report) by 7.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,827 shares of the financial services provider’s stock after selling 1,039 shares during the quarter. Sentinel Trust Co. LBA’s holdings in Main Street Capital were worth $751,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Widmann Financial Services Inc. raised its holdings in shares of Main Street Capital by 0.9% in the third quarter. Widmann Financial Services Inc. now owns 22,990 shares of the financial services provider’s stock valued at $1,153,000 after purchasing an additional 202 shares during the last quarter. IHT Wealth Management LLC increased its stake in Main Street Capital by 0.3% in the 3rd quarter. IHT Wealth Management LLC now owns 63,628 shares of the financial services provider’s stock valued at $3,190,000 after buying an additional 218 shares during the last quarter. PFG Investments LLC lifted its position in shares of Main Street Capital by 1.6% during the 4th quarter. PFG Investments LLC now owns 13,642 shares of the financial services provider’s stock worth $799,000 after buying an additional 219 shares in the last quarter. Sunbelt Securities Inc. boosted its stake in shares of Main Street Capital by 7.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 3,509 shares of the financial services provider’s stock worth $176,000 after buying an additional 229 shares during the last quarter. Finally, CAP Partners LLC grew its holdings in shares of Main Street Capital by 6.4% in the third quarter. CAP Partners LLC now owns 4,290 shares of the financial services provider’s stock valued at $215,000 after acquiring an additional 258 shares in the last quarter. Institutional investors own 20.31% of the company’s stock.

Main Street Capital Stock Performance

NYSE MAIN opened at $58.88 on Friday. The company has a market capitalization of $5.19 billion, a P/E ratio of 10.67 and a beta of 1.28. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.08 and a current ratio of 0.08. Main Street Capital Co. has a 52-week low of $45.00 and a 52-week high of $63.31. The company has a fifty day moving average of $59.85 and a 200-day moving average of $54.42.

Main Street Capital (NYSE:MAINGet Free Report) last posted its quarterly 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). Main Street Capital had a return on equity of 13.83% and a net margin of 89.25%. The business had revenue of $140.44 million for the quarter, compared to analysts’ expectations of $141.40 million. As a group, equities research analysts predict that Main Street Capital Co. will post 4.11 EPS for the current fiscal year.

Main Street Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, June 6th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $3.00 annualized dividend and a dividend yield of 5.10%. Main Street Capital’s dividend payout ratio is currently 54.35%.

Wall Street Analyst Weigh In

Separately, B. Riley lifted their target price on Main Street Capital from $49.00 to $51.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Main Street Capital currently has an average rating of “Hold” and a consensus price target of $48.80.

Read Our Latest Stock Analysis on MAIN

Main Street Capital Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Main Street Capital (NYSE:MAIN)

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