NBC Securities Inc. Sells 2,776 Shares of Main Street Capital Co. (NYSE:MAIN)

NBC Securities Inc. decreased its stake in Main Street Capital Co. (NYSE:MAIN) by 75.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 910 shares of the financial services provider’s stock after selling 2,776 shares during the period. NBC Securities Inc.’s holdings in Main Street Capital were worth $43,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Main Street Capital by 73.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,139 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 483 shares in the last quarter. Scarborough Advisors LLC bought a new stake in shares of Main Street Capital during the fourth quarter worth about $72,000. Signaturefd LLC grew its holdings in shares of Main Street Capital by 41.5% during the fourth quarter. Signaturefd LLC now owns 1,726 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 506 shares during the last quarter. Newbridge Financial Services Group Inc. increased its stake in shares of Main Street Capital by 32.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,733 shares of the financial services provider’s stock valued at $75,000 after buying an additional 420 shares during the period. Finally, ICA Group Wealth Management LLC bought a new position in Main Street Capital in the 4th quarter valued at approximately $86,000. Institutional investors and hedge funds own 20.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MAIN. Truist Financial upped their price target on shares of Main Street Capital from $45.00 to $52.00 and gave the company a “hold” rating in a research report on Monday, May 13th. B. Riley increased their price target on Main Street Capital from $47.00 to $49.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Oppenheimer lifted their price objective on Main Street Capital from $41.00 to $43.00 and gave the stock a “market perform” rating in a research note on Monday, February 26th. Royal Bank of Canada increased their target price on shares of Main Street Capital from $48.00 to $52.00 and gave the company an “outperform” rating in a research report on Tuesday, April 30th. Finally, UBS Group boosted their price target on shares of Main Street Capital from $43.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $47.67.

Main Street Capital Price Performance

Shares of MAIN opened at $49.70 on Tuesday. The firm has a market cap of $4.26 billion, a PE ratio of 9.07 and a beta of 1.28. Main Street Capital Co. has a 52-week low of $37.70 and a 52-week high of $51.10. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.10 and a current ratio of 0.10. The business’s 50 day moving average price is $49.05 and its two-hundred day moving average price is $46.44.

Main Street Capital (NYSE:MAIN) last issued its earnings results on Thursday, May 9th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.02. Main Street Capital had a net margin of 89.11% and a return on equity of 14.83%. The business had revenue of $131.61 million for the quarter, compared to analyst estimates of $128.00 million. During the same period in the prior year, the firm earned $1.02 earnings per share. On average, equities analysts anticipate that Main Street Capital Co. will post 4.06 EPS for the current year.

Main Street Capital Announces Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, June 27th. Shareholders of record on Monday, June 24th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, June 21st. This represents a yield of 7.55%. Main Street Capital’s dividend payout ratio (DPR) is presently 52.55%.

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.