Intrepid Capital Management Inc. Buys New Stake in Main Street Capital Co. (NYSE:MAIN)

Intrepid Capital Management Inc. bought a new stake in shares of Main Street Capital Co. (NYSE:MAIN) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 5,000 shares of the financial services provider’s stock, valued at approximately $293,000.

Other hedge funds also recently bought and sold shares of the company. Asset Planning Inc acquired a new stake in shares of Main Street Capital during the fourth quarter valued at $29,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Main Street Capital during the 3rd quarter worth about $50,000. AdvisorNet Financial Inc grew its holdings in shares of Main Street Capital by 145.8% during the fourth quarter. AdvisorNet Financial Inc now owns 1,229 shares of the financial services provider’s stock worth $72,000 after buying an additional 729 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Main Street Capital by 31.3% in the fourth quarter. Jones Financial Companies Lllp now owns 1,306 shares of the financial services provider’s stock valued at $77,000 after buying an additional 311 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in shares of Main Street Capital by 34.2% during the fourth quarter. Signaturefd LLC now owns 1,494 shares of the financial services provider’s stock valued at $88,000 after buying an additional 381 shares during the period. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, CEO Dwayne L. Hyzak sold 120,000 shares of Main Street Capital stock in a transaction on 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 transaction, the chief executive officer now owns 402,371 shares in the company, valued at approximately $23,357,636.55. The trade was a 22.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David L. Magdol sold 100,000 shares of the company’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $58.05, for a total transaction of $5,805,000.00. Following the sale, the insider now directly owns 377,182 shares of the company’s stock, valued at approximately $21,895,415.10. This trade represents a 20.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by insiders.

Main Street Capital Trading Up 2.2 %

NYSE MAIN opened at $57.78 on Wednesday. The company has a 50-day moving average of $59.53 and a 200-day moving average of $55.89. 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 Co. has a 12 month low of $45.00 and a 12 month high of $63.32. The company has a market cap of $5.12 billion, a P/E ratio of 10.47 and a beta of 1.26.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings results on Thursday, February 27th. The financial services provider reported $1.02 earnings per share 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 for the quarter, compared to analysts’ expectations of $141.40 million. As a group, equities analysts predict 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. Shareholders of record on Friday, March 21st were given a dividend of $0.30 per share. This represents a yield of 7.11%. The ex-dividend date was Thursday, March 20th. This is an increase from Main Street Capital’s previous dividend of $0.25. Main Street Capital’s payout ratio is 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.