Main Street Capital Co. (NYSE:MAIN) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC cut its position in shares of Main Street Capital Co. (NYSE:MAIN) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,159 shares of the financial services provider’s stock after selling 330 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Main Street Capital were worth $478,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of MAIN. Wealthstar Advisors LLC purchased a new position in Main Street Capital in the fourth quarter valued at about $1,326,000. Franklin Resources Inc. increased its holdings 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. Segment Wealth Management LLC raised its position in shares of Main Street Capital by 15.8% during the 4th quarter. Segment Wealth Management LLC now owns 50,368 shares of the financial services provider’s stock valued at $2,951,000 after acquiring an additional 6,856 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of Main Street Capital in the 4th quarter worth about $957,000. Finally, Nomura Asset Management Co. Ltd. boosted its stake in Main Street Capital by 270.9% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 9,301 shares of the financial services provider’s stock valued at $545,000 after acquiring an additional 6,793 shares during the period. 20.31% of the stock is currently owned by hedge funds and other institutional investors.

Main Street Capital Stock Down 0.9 %

MAIN stock opened at $54.13 on Monday. The company’s 50 day simple moving average is $56.19 and its 200-day simple moving average is $56.20. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08. 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 capitalization of $4.79 billion, a P/E ratio of 9.81 and a beta of 0.98.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings results on Thursday, February 27th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.06). The company had revenue of $140.44 million during the quarter, compared to analysts’ expectations of $141.40 million. Main Street Capital had a return on equity of 13.83% and a net margin of 89.25%. As a group, equities research analysts anticipate that Main Street Capital Co. will post 4.11 EPS for the current year.

Main Street Capital Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 21st were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a yield of 7.11%. This is an increase from Main Street Capital’s previous dividend of $0.25. Main Street Capital’s payout ratio is 51.37%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Truist Financial upped their price target 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 cut their price objective on Main Street Capital from $55.00 to $54.00 and set a “neutral” rating for the company in a report on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $52.60.

Insider Transactions at Main Street Capital

In related news, CEO Dwayne L. Hyzak sold 120,000 shares of the stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $58.05, for a total value of $6,966,000.00. Following the transaction, the chief executive officer now owns 402,371 shares in the company, valued at approximately $23,357,636.55. This represents a 22.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider David L. Magdol sold 100,000 shares of Main Street Capital stock in a transaction that occurred on 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 of the company’s stock, valued at $21,895,415.10. This trade represents a 20.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.00% of the company’s stock.

About Main Street Capital

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.