Jag Capital Management LLC Sells 406 Shares of Main Street Capital Co. (NYSE:MAIN)

Jag Capital Management LLC decreased its holdings in Main Street Capital Co. (NYSE:MAINGet Rating) by 1.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 26,360 shares of the financial services provider’s stock after selling 406 shares during the quarter. Jag Capital Management LLC’s holdings in Main Street Capital were worth $1,182,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Marshall Wace North America L.P. bought a new position in shares of Main Street Capital during the first quarter worth approximately $30,000. EverSource Wealth Advisors LLC bought a new position in shares of Main Street Capital in the fourth quarter worth $38,000. Rockefeller Capital Management L.P. raised its stake in Main Street Capital by 53.4% in the third quarter. Rockefeller Capital Management L.P. now owns 1,014 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 353 shares in the last quarter. National Bank of Canada FI bought a new stake in Main Street Capital during the fourth quarter worth about $67,000. Finally, CWM LLC acquired a new stake in shares of Main Street Capital during the 4th quarter worth approximately $70,000. 17.21% of the stock is currently owned by institutional investors and hedge funds.

MAIN has been the subject of several research analyst reports. Hovde Group lowered their target price on Main Street Capital to $37.00 in a research note on Friday, May 20th. StockNews.com initiated coverage on shares of Main Street Capital in a research report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research upgraded shares of Main Street Capital from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Wednesday, May 11th. Finally, TheStreet downgraded shares of Main Street Capital from a “b” rating to a “c+” rating in a report on Friday, February 25th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $42.83.

In other news, CEO Dwayne L. Hyzak sold 50,010 shares of the business’s stock in a transaction dated Wednesday, March 30th. The stock was sold at an average price of $42.45, for a total value of $2,122,924.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider David L. Magdol sold 50,000 shares of the company’s stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $42.46, for a total value of $2,123,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 150,010 shares of company stock worth $6,403,425. 4.56% of the stock is owned by insiders.

MAIN traded up $0.56 during trading on Friday, reaching $38.12. 3,092 shares of the company’s stock were exchanged, compared to its average volume of 352,050. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.18. Main Street Capital Co. has a one year low of $35.30 and a one year high of $47.13. The firm has a fifty day moving average price of $40.55 and a two-hundred day moving average price of $42.56. The stock has a market capitalization of $2.78 billion, a PE ratio of 7.73, a price-to-earnings-growth ratio of 1.61 and a beta of 1.32.

Main Street Capital (NYSE:MAINGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The financial services provider reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.03. The business had revenue of $79.40 million during the quarter, compared to the consensus estimate of $82.59 million. Main Street Capital had a return on equity of 11.40% and a net margin of 110.79%. During the same period in the prior year, the business posted $0.58 earnings per share. Sell-side analysts expect that Main Street Capital Co. will post 2.89 earnings per share for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Friday, September 2nd will be given a dividend of $0.215 per share. The ex-dividend date is Thursday, September 1st. This represents a $2.58 dividend on an annualized basis and a dividend yield of 6.77%. Main Street Capital’s dividend payout ratio (DPR) is 53.09%.

Main Street Capital Company Profile (Get Rating)

Main Street Capital Corporation is a private equity firm 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.

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Institutional Ownership by Quarter for Main Street Capital (NYSE:MAIN)

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