3,554 Shares in Main Street Capital Co. (NYSE:MAIN) Bought by CreativeOne Wealth LLC

CreativeOne Wealth LLC bought a new stake in shares of Main Street Capital Co. (NYSE:MAIN) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 3,554 shares of the financial services provider’s stock, valued at approximately $208,000.

Several other institutional investors also recently bought and sold shares of the stock. Savvy Advisors Inc. acquired a new stake in Main Street Capital in the 4th quarter worth approximately $563,000. Advisors Capital Management LLC lifted its stake in shares of Main Street Capital by 2.9% in the fourth quarter. Advisors Capital Management LLC now owns 135,074 shares of the financial services provider’s stock worth $7,913,000 after buying an additional 3,799 shares during the last quarter. Sagespring Wealth Partners LLC bought a new stake in shares of Main Street Capital during the 4th quarter worth $349,000. Rockefeller Capital Management L.P. bought a new position in Main Street Capital in the 4th quarter worth $3,139,000. Finally, Colonial Trust Advisors acquired a new position in Main Street Capital during the 4th quarter worth $46,000. 20.31% of the stock is currently owned by institutional investors.

Main Street Capital Stock Down 2.4 %

Shares of MAIN stock opened at $52.00 on Tuesday. The stock has a market cap of $4.61 billion, a P/E ratio of 9.42 and a beta of 0.98. 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 fifty day moving average price of $56.80 and a 200 day moving average price of $56.12. Main Street Capital Co. has a one year low of $45.00 and a one year high of $63.32.

Main Street Capital (NYSE:MAIN) last posted its earnings results on Thursday, February 27th. The financial services provider reported $1.02 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.06). The business had revenue of $140.44 million during the quarter, compared to the consensus estimate of $141.40 million. Main Street Capital had a net margin of 89.25% and a return on equity of 13.83%. Analysts predict 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. Shareholders of record on Friday, March 21st were given a $0.30 dividend. This represents a yield of 7.11%. This is a boost from Main Street Capital’s previous dividend of $0.25. The ex-dividend date was Thursday, March 20th. Main Street Capital’s dividend payout ratio is 51.37%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on MAIN shares. Truist Financial raised their target price on Main Street Capital from $52.00 to $62.00 and gave the company a “hold” rating in a report on Monday, March 3rd. UBS Group decreased their price target on shares of Main Street Capital from $55.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $52.60.

Insiders Place Their Bets

In related news, insider David L. Magdol sold 100,000 shares of the stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $58.05, for a total transaction of $5,805,000.00. Following the completion of the sale, the insider now owns 377,182 shares in the company, valued at $21,895,415.10. This trade represents a 20.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Dwayne L. Hyzak sold 120,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 402,371 shares in the company, valued at approximately $23,357,636.55. This trade represents a 22.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.00% of the company’s stock.

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.