Dwayne L. Hyzak Sells 120,000 Shares of Main Street Capital Co. (NYSE:MAIN) Stock

Main Street Capital Co. (NYSE:MAIN) CEO Dwayne L. Hyzak sold 120,000 shares of Main Street Capital stock in a transaction on 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 transaction, the chief executive officer now directly owns 402,371 shares of the company’s stock, valued at $23,357,636.55. This represents a 22.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Main Street Capital Stock Performance

Shares of MAIN stock opened at $57.46 on Friday. The firm has a 50 day moving average of $59.73 and a 200-day moving average of $55.64. The company has a market cap of $5.09 billion, a price-to-earnings ratio of 10.41 and a beta of 1.26. 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.

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

Main Street Capital Increases Dividend

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

Institutional Investors Weigh In On Main Street Capital

Hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Main Street Capital by 0.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 58,955 shares of the financial services provider’s stock worth $3,454,000 after purchasing an additional 229 shares in the last quarter. Castle Rock Wealth Management LLC lifted its stake in shares of Main Street Capital by 13.2% in the fourth quarter. Castle Rock Wealth Management LLC now owns 9,511 shares of the financial services provider’s stock valued at $585,000 after buying an additional 1,106 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Main Street Capital during the fourth quarter valued at about $557,000. Jefferies Financial Group Inc. bought a new stake in shares of Main Street Capital during the fourth quarter worth about $3,993,000. Finally, Ameriflex Group Inc. acquired a new stake in shares of Main Street Capital in the 4th quarter worth about $1,489,000. Institutional investors and hedge funds own 20.31% of the company’s stock.

Analysts Set New Price Targets

Separately, Truist Financial increased their price target on Main Street Capital from $52.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, March 3rd.

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.