Main Street Capital (NYSE:MAIN) Shares Up 0.4%

Shares of Main Street Capital Co. (NYSE:MAIN) traded up 0.4% during mid-day trading on Wednesday . The stock traded as high as $46.82 and last traded at $46.59. 104,569 shares were traded during trading, a decline of 71% from the average session volume of 360,138 shares. The stock had previously closed at $46.40.

Wall Street Analyst Weigh In

MAIN has been the subject of several recent analyst reports. Truist Financial lifted their price target on Main Street Capital from $43.00 to $45.00 and gave the company a “hold” rating in a research note on Monday, February 26th. UBS Group increased their target price on Main Street Capital from $43.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Oppenheimer upped their price objective on shares of Main Street Capital from $41.00 to $43.00 and gave the stock a “market perform” rating in a research report on Monday, February 26th. B. Riley lowered shares of Main Street Capital from a “buy” rating to a “neutral” rating and set a $47.00 target price on the stock. in a research report on Monday, January 8th. Finally, Royal Bank of Canada upped their price target on shares of Main Street Capital from $46.00 to $48.00 and gave the stock an “outperform” rating in a research report on Monday, January 22nd. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $45.50.

Main Street Capital Stock Performance

The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.09 and a current ratio of 0.09. The firm’s 50 day moving average is $45.53 and its 200-day moving average is $42.74. The company has a market cap of $4.02 billion, a PE ratio of 9.06 and a beta of 1.28.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. The firm had revenue of $129.31 million during the quarter, compared to analysts’ expectations of $125.52 million. Main Street Capital had a return on equity of 14.99% and a net margin of 85.62%. On average, research analysts anticipate that Main Street Capital Co. will post 4.07 earnings per share for the current fiscal year.

Main Street Capital Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 20th were issued a $0.30 dividend. The ex-dividend date was Tuesday, March 19th. This represents a dividend yield of 8.37%. This is a positive change from Main Street Capital’s previous dividend of $0.24. Main Street Capital’s dividend payout ratio is currently 55.17%.

Hedge Funds Weigh In On Main Street Capital

A number of institutional investors have recently bought and sold shares of MAIN. Citigroup Inc. raised its position in shares of Main Street Capital by 945.9% during the 3rd quarter. Citigroup Inc. now owns 638 shares of the financial services provider’s stock valued at $26,000 after buying an additional 577 shares during the period. Impact Partnership Wealth LLC lifted its stake in shares of Main Street Capital by 562.3% in the 3rd quarter. Impact Partnership Wealth LLC now owns 1,000 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 849 shares during the last quarter. Nomura Asset Management Co. Ltd. grew 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 worth $49,000 after purchasing an additional 483 shares during the period. Signaturefd LLC raised its holdings in Main Street Capital by 157.9% in the 3rd quarter. Signaturefd LLC now owns 1,220 shares of the financial services provider’s stock valued at $50,000 after buying an additional 747 shares during the period. Finally, ICA Group Wealth Management LLC acquired a new position in Main Street Capital in the fourth quarter valued at about $55,000. 20.31% of the stock is owned by hedge funds and other institutional investors.

Main Street Capital Company 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.