Main Street Capital Co. (NYSE:MAIN) Shares Acquired by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. increased its position in shares of Main Street Capital Co. (NYSE:MAIN) by 5.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 43,475 shares of the financial services provider’s stock after purchasing an additional 2,087 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Main Street Capital were worth $2,547,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Barclays PLC raised its position in Main Street Capital by 75.6% in the third quarter. Barclays PLC now owns 72,265 shares of the financial services provider’s stock valued at $3,624,000 after purchasing an additional 31,110 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Main Street Capital in the 3rd quarter valued at about $50,000. Franklin Resources Inc. lifted its position in Main Street Capital by 19.3% in the third quarter. Franklin Resources Inc. now owns 217,461 shares of the financial services provider’s stock valued at $11,119,000 after buying an additional 35,227 shares during the last quarter. Innova Wealth Partners purchased a new position in Main Street Capital during the fourth quarter worth about $497,000. Finally, RMR Wealth Builders increased its position in shares of Main Street Capital by 6.3% during the fourth quarter. RMR Wealth Builders now owns 14,140 shares of the financial services provider’s stock valued at $828,000 after acquiring an additional 832 shares during the last quarter. 20.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Main Street Capital news, CEO Dwayne L. Hyzak sold 120,000 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 transaction of $6,966,000.00. Following the completion of the sale, the chief executive officer now directly owns 402,371 shares of the company’s stock, valued at $23,357,636.55. The trade was a 22.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $5,805,000.00. Following the completion of the transaction, the insider now owns 377,182 shares in the company, valued at approximately $21,895,415.10. The trade was a 20.96 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.

Main Street Capital Price Performance

Main Street Capital stock opened at $54.13 on Friday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.13. Main Street Capital Co. has a 52-week low of $45.00 and a 52-week high of $63.32. The firm has a market cap of $4.79 billion, a PE ratio of 9.81 and a beta of 0.98. The company’s 50 day moving average is $56.19 and its two-hundred day moving average is $56.17.

Main Street Capital (NYSE:MAIN) last announced its quarterly earnings data on Thursday, February 27th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $140.44 million during the quarter, compared to analyst estimates of $141.40 million. On average, research 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 disclosed 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. The ex-dividend date of this dividend was Thursday, March 20th. This is an increase from Main Street Capital’s previous dividend of $0.25. This represents a dividend yield of 7.11%. Main Street Capital’s payout ratio is currently 51.37%.

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.