3,632 Shares in Main Street Capital Co. (NYSE:MAIN) Bought by Kaizen Financial Strategies

Kaizen Financial Strategies acquired a new stake in shares of Main Street Capital Co. (NYSE:MAIN) during the 4th quarter, HoldingsChannel reports. The firm acquired 3,632 shares of the financial services provider’s stock, valued at approximately $213,000.

Other institutional investors have also recently made changes to their positions in the company. US Bancorp DE raised its position in Main Street Capital by 8.4% in the fourth quarter. US Bancorp DE now owns 2,579 shares of the financial services provider’s stock worth $151,000 after acquiring an additional 200 shares during the period. PFG Investments LLC increased its position in Main Street Capital by 1.6% in the fourth quarter. PFG Investments LLC now owns 13,642 shares of the financial services provider’s stock worth $799,000 after buying an additional 219 shares during the last quarter. Harbour Investments Inc. raised its stake in shares of Main Street Capital by 6.9% in the fourth quarter. Harbour Investments Inc. now owns 3,512 shares of the financial services provider’s stock valued at $206,000 after buying an additional 228 shares during the period. Wedbush Securities Inc. lifted its position in shares of Main Street Capital by 6.2% during the 4th quarter. Wedbush Securities Inc. now owns 4,591 shares of the financial services provider’s stock valued at $269,000 after buying an additional 266 shares during the last quarter. Finally, Marble Harbor Investment Counsel LLC grew its stake in shares of Main Street Capital by 4.8% during the 4th quarter. Marble Harbor Investment Counsel LLC now owns 6,285 shares of the financial services provider’s stock worth $368,000 after acquiring an additional 285 shares during the period. Institutional investors own 20.31% of the company’s stock.

Insiders Place Their Bets

In other Main Street Capital news, insider David L. Magdol sold 100,000 shares of the stock in a transaction 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 represents a 20.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 $23,357,636.55. The trade was a 22.97 % decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on MAIN shares. Truist Financial upped their price objective on shares of 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 reduced their price objective on shares of Main Street Capital from $55.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, April 17th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Main Street Capital currently has an average rating of “Hold” and an average target price of $52.60.

Main Street Capital Stock Performance

NYSE MAIN opened at $52.82 on Friday. The stock has a market capitalization of $4.68 billion, a PE ratio of 9.57 and a beta of 0.86. Main Street Capital Co. has a 1 year low of $45.00 and a 1 year high of $63.32. The company’s 50 day simple moving average is $54.72 and its two-hundred day simple moving average is $56.29. 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 (NYSE:MAIN) last posted its quarterly earnings data on Thursday, May 8th. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.01. Main Street Capital had a net margin of 89.25% and a return on equity of 13.83%. The company had revenue of $137.05 million for the quarter, compared to analysts’ expectations of $137.50 million. Analysts predict that Main Street Capital Co. will post 4.11 earnings per share for the current fiscal year.

Main Street Capital Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 8th will be given a $0.255 dividend. This is an increase from Main Street Capital’s previous monthly dividend of $0.25. The ex-dividend date is Monday, September 8th. This represents a $3.06 dividend on an annualized basis and a yield of 5.79%. Main Street Capital’s payout ratio is presently 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.