Hexagon Capital Partners LLC Increases Position in Main Street Capital Co. (NYSE:MAIN)

Hexagon Capital Partners LLC boosted its position in Main Street Capital Co. (NYSE:MAIN) by 8.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,851 shares of the financial services provider’s stock after acquiring an additional 298 shares during the period. Hexagon Capital Partners LLC’s holdings in Main Street Capital were worth $182,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MAIN. LPL Financial LLC increased its stake in Main Street Capital by 11.4% in the third quarter. LPL Financial LLC now owns 271,879 shares of the financial services provider’s stock valued at $11,046,000 after purchasing an additional 27,875 shares during the last quarter. Trexquant Investment LP purchased a new stake in Main Street Capital in the third quarter valued at approximately $296,000. Qube Research & Technologies Ltd grew its holdings in Main Street Capital by 133.3% in the third quarter. Qube Research & Technologies Ltd now owns 104,526 shares of the financial services provider’s stock valued at $4,247,000 after purchasing an additional 59,727 shares during the period. Schonfeld Strategic Advisors LLC raised its position in shares of Main Street Capital by 3.5% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 68,000 shares of the financial services provider’s stock worth $2,763,000 after buying an additional 2,300 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of Main Street Capital by 1.4% in the 3rd quarter. Legal & General Group Plc now owns 588,490 shares of the financial services provider’s stock valued at $23,902,000 after purchasing an additional 8,091 shares in the last quarter. 20.31% of the stock is currently owned by institutional investors and hedge funds.

Main Street Capital Price Performance

Shares of MAIN opened at $50.49 on Tuesday. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.11. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 9.21 and a beta of 1.29. Main Street Capital Co. has a 52 week low of $37.70 and a 52 week high of $51.10. The stock has a 50 day moving average of $49.33 and a 200-day moving average of $46.71.

Main Street Capital (NYSE:MAIN) last issued its earnings results on Thursday, May 9th. The financial services provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $131.61 million for the quarter, compared to analysts’ expectations of $128.00 million. During the same period in the prior year, the company earned $1.02 earnings per share. As a group, analysts forecast that Main Street Capital Co. will post 4.08 EPS for the current year.

Main Street Capital Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, June 27th. Shareholders of record on Monday, June 24th were paid a $0.30 dividend. The ex-dividend date was Friday, June 21st. This represents a yield of 7.55%. Main Street Capital’s payout ratio is currently 52.55%.

Analyst Upgrades and Downgrades

MAIN has been the topic of several recent research reports. B. Riley boosted their price target on Main Street Capital from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Royal Bank of Canada lifted their target price on Main Street Capital from $48.00 to $52.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 30th. Finally, Truist Financial increased their price target on Main Street Capital from $45.00 to $52.00 and gave the company a “hold” rating in a report on Monday, May 13th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $48.20.

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.