Coldstream Capital Management Inc. Grows Position in Main Street Capital Co. (NYSE:MAIN)

Coldstream Capital Management Inc. grew its position in shares of Main Street Capital Co. (NYSE:MAIN) by 5.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in MAIN. US Bancorp DE grew its position in Main Street Capital by 8.4% during the fourth quarter. US Bancorp DE now owns 2,579 shares of the financial services provider’s stock valued at $151,000 after buying an additional 200 shares during the period. PFG Investments LLC grew 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 valued at $799,000 after acquiring an additional 219 shares during the period. Harbour Investments Inc. grew its position in shares of Main Street Capital by 6.9% during the 4th quarter. Harbour Investments Inc. now owns 3,512 shares of the financial services provider’s stock valued at $206,000 after acquiring an additional 228 shares during the period. Wedbush Securities Inc. increased its stake in shares of Main Street Capital by 6.2% in the 4th quarter. Wedbush Securities Inc. now owns 4,591 shares of the financial services provider’s stock valued at $269,000 after purchasing an additional 266 shares in the last quarter. Finally, Marble Harbor Investment Counsel LLC raised its holdings in Main Street Capital by 4.8% in the 4th quarter. Marble Harbor Investment Counsel LLC now owns 6,285 shares of the financial services provider’s stock worth $368,000 after purchasing an additional 285 shares during the period. 20.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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 completion of the sale, the chief executive officer now owns 402,371 shares of the company’s stock, valued at approximately $23,357,636.55. This trade represents a 22.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David L. Magdol sold 100,000 shares of the business’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $58.05, for a total value of $5,805,000.00. Following the transaction, the insider now directly owns 377,182 shares in the company, valued at $21,895,415.10. This trade represents a 20.96 % decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by company insiders.

Main Street Capital Price Performance

NYSE:MAIN opened at $54.13 on Friday. The stock has a 50 day moving average of $56.19 and a two-hundred day moving average of $56.17. Main Street Capital Co. has a 12 month low of $45.00 and a 12 month high of $63.32. The firm has a market cap of $4.79 billion, a P/E ratio of 9.81 and a beta of 0.98. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13.

Main Street Capital (NYSE:MAIN) last issued 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). The firm had revenue of $140.44 million for 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%. On average, analysts expect that Main Street Capital Co. will post 4.11 earnings per share for the current fiscal year.

Main Street Capital Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 21st were given a $0.30 dividend. This represents a dividend 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 Analyst Weigh In

A number of analysts have recently commented on MAIN shares. 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 research report on Thursday, April 17th. Truist Financial lifted their price target on shares of Main Street Capital from $52.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, March 3rd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Main Street Capital currently has a consensus rating of “Hold” and a consensus price target of $52.60.

Main Street Capital Company 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.