Ryan Mchugh Purchases 2,550 Shares of Main Street Capital (NYSE:MAIN) Stock

Main Street Capital Corporation (NYSE:MAIN) CAO Ryan Mchugh purchased 2,550 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were acquired at an average price of $59.05 per share, for a total transaction of $150,577.50. Following the completion of the transaction, the chief accounting officer owned 22,647 shares in the company, valued at $1,337,305.35. The trade was a 12.69% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Main Street Capital Trading Down 0.8%

MAIN stock opened at $58.74 on Friday. The business has a fifty day moving average price of $53.51 and a 200 day moving average price of $54.91. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.05 and a quick ratio of 0.06. Main Street Capital Corporation has a fifty-two week low of $48.95 and a fifty-two week high of $67.48. The stock has a market capitalization of $5.49 billion, a price-to-earnings ratio of 11.84 and a beta of 0.71.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings data on Thursday, August 6th. The financial services provider reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. The company had revenue of $327.56 million for the quarter, compared to analyst estimates of $144.59 million. Main Street Capital had a return on equity of 11.80% and a net margin of 78.49%. Analysts expect that Main Street Capital Corporation will post 3.78 EPS for the current fiscal year.

Main Street Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 8th will be given a dividend of $0.265 per share. The ex-dividend date is Tuesday, December 8th. This represents a c) annualized dividend and a yield of 5.4%. Main Street Capital’s dividend payout ratio is 64.11%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Childress Capital Advisors LLC grew its holdings in Main Street Capital by 165.2% during the fourth quarter. Childress Capital Advisors LLC now owns 293,733 shares of the financial services provider’s stock valued at $17,739,000 after purchasing an additional 182,973 shares during the period. Adell Harriman & Carpenter Inc. raised its holdings in Main Street Capital by 5.3% in the fourth quarter. Adell Harriman & Carpenter Inc. now owns 478,435 shares of the financial services provider’s stock worth $28,893,000 after purchasing an additional 23,942 shares during the period. Entropy Technologies LP bought a new position in shares of Main Street Capital during the first quarter worth $1,964,000. Brighton Jones LLC bought a new position in shares of Main Street Capital during the fourth quarter worth $304,000. Finally, Legal & General Group Plc boosted its position in shares of Main Street Capital by 15.2% during the fourth quarter. Legal & General Group Plc now owns 719,967 shares of the financial services provider’s stock worth $43,479,000 after purchasing an additional 95,177 shares in the last quarter. Institutional investors and hedge funds own 20.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on MAIN shares. Weiss Ratings lowered shares of Main Street Capital from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday. Royal Bank Of Canada cut their price target on Main Street Capital from $66.00 to $58.00 and set an “outperform” rating on the stock in a research note on Thursday, May 14th. Zacks Research upgraded Main Street Capital from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Wall Street Zen lowered Main Street Capital from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Wells Fargo & Company boosted their price objective on Main Street Capital from $50.00 to $55.00 and gave the stock an “equal weight” rating in a report on Monday, August 10th. Three research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Main Street Capital currently has a consensus rating of “Hold” and an average price target of $60.83.

About Main Street Capital

Main Street Capital Corporation (NYSE: MAIN) is a publicly traded business development company that provides flexible debt and equity capital to lower middle market companies in the United States. Headquartered in Houston, Texas, Main Street Capital was formed in 2007 and operates under the Investment Company Act of 1940. The firm’s management services are provided by Main Street Capital Management, L.P., which focuses on identifying growing private companies with enterprise values typically between $10 million and $150 million.

Main Street Capital’s primary offerings include first-lien senior secured loans, second-lien loans, subordinated debt, and equity co-investments or minority equity positions.