Main Street Capital Corporation $MAIN Shares Sold by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC decreased its stake in Main Street Capital Corporation (NYSE:MAIN) by 42.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,698 shares of the financial services provider’s stock after selling 23,060 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Main Street Capital were worth $1,593,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MAIN. Brighton Jones LLC acquired a new stake in Main Street Capital during the 4th quarter worth $304,000. NewEdge Advisors LLC lifted its position in Main Street Capital by 5,416.7% in the first quarter. NewEdge Advisors LLC now owns 1,655 shares of the financial services provider’s stock valued at $94,000 after acquiring an additional 1,625 shares during the last quarter. Guggenheim Capital LLC boosted its stake in Main Street Capital by 4.8% in the second quarter. Guggenheim Capital LLC now owns 12,492 shares of the financial services provider’s stock valued at $738,000 after acquiring an additional 570 shares in the last quarter. First Trust Advisors LP boosted its stake in Main Street Capital by 2.3% in the second quarter. First Trust Advisors LP now owns 188,296 shares of the financial services provider’s stock valued at $11,128,000 after acquiring an additional 4,317 shares in the last quarter. Finally, Jump Financial LLC purchased a new position in shares of Main Street Capital during the second quarter worth about $228,000. Institutional investors and hedge funds own 20.31% of the company’s stock.

Insider Activity at Main Street Capital

In other Main Street Capital news, EVP Jason B. Beauvais sold 6,830 shares of Main Street Capital stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $51.73, for a total value of $353,315.90. Following the transaction, the executive vice president directly owned 196,185 shares in the company, valued at approximately $10,148,650.05. This trade represents a 3.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Ryan Mchugh bought 2,550 shares of the company’s stock in a transaction dated Thursday, August 13th. The stock was bought at an average cost of $59.05 per share, for a total transaction of $150,577.50. Following the acquisition, the chief accounting officer owned 22,647 shares of the company’s stock, valued at approximately $1,337,305.35. This trade represents a 12.69% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 3.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MAIN. Zacks Research upgraded Main Street Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Royal Bank Of Canada dropped 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. Wells Fargo & Company lifted their price target on Main Street Capital from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Monday, August 10th. Wall Street Zen cut Main Street Capital from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Truist Financial increased their price objective on Main Street Capital from $53.00 to $57.00 and gave the company a “hold” rating in a report on Monday, August 10th. Three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $60.83.

Main Street Capital Trading Down 1.7%

NYSE MAIN opened at $57.92 on Wednesday. The firm’s fifty day moving average is $55.25 and its two-hundred day moving average is $54.51. Main Street Capital Corporation has a one year low of $48.95 and a one year high of $67.34. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.05 and a current ratio of 0.05. The firm has a market cap of $5.42 billion, a PE ratio of 11.68 and a beta of 0.72.

Main Street Capital (NYSE:MAIN) last announced its earnings results on Thursday, August 6th. The financial services provider reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.01. Main Street Capital had a net margin of 78.49% and a return on equity of 11.80%. The business had revenue of $327.56 million during the quarter, compared to the consensus estimate of $144.59 million. Analysts expect that Main Street Capital Corporation will post 3.77 earnings per share for the current year.

Main Street Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 8th will be given a dividend of $0.265 per share. This represents a c) dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend is Tuesday, December 8th. Main Street Capital’s dividend payout ratio (DPR) is presently 64.11%.

Main Street Capital Profile

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.