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Jesse E. Morris, Executive Vice President and COO of Main Street Capital CORP (NYSE:MAIN), a company with a market capitalization of $5.2 billion and a strong dividend yield of 6.68%, sold 35,000 shares of common stock on June 27, 2025, for approximately $2,077,788. According to InvestingPro, the company maintains a healthy financial profile with a "GOOD" overall rating. The sales were executed in multiple transactions with prices ranging from $59.04 to $59.50.
Specifically, Morris sold 24,758 shares at a weighted average price of $59.50, and 10,242 shares at a weighted average price of $59.04.
Following these transactions, Morris directly owns 235,698.4258 shares of Main Street Capital CORP.
In other recent news, Main Street Capital Corporation reported its first-quarter 2025 earnings, surpassing analyst expectations with an earnings per share (EPS) of $1.01, slightly above the forecast of $1.00. However, revenue fell short, totaling $137 million against a projected $141.16 million. The company also announced a minority recapitalization of Doral Corporation with a $42.5 million investment, aligning with its strategy to provide comprehensive financing solutions. Meanwhile, a short report from Jehoshaphat Research raised concerns over Main Street Capital’s valuation practices, alleging potential overstatements in net asset value and earnings per share by approximately 40%. This report highlighted potential issues with the company’s auditing processes and the sustainability of its dividend. Additionally, MSC Income Fund, associated with Main Street Capital, declared a regular quarterly cash dividend of $0.35 per share and a supplemental dividend of $0.01 per share, payable in August 2025. These developments reflect ongoing strategic initiatives and challenges faced by Main Street Capital in maintaining its financial performance and investor confidence.
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