Main Street Capital (NYSE:MAIN) Shares Up 0.2%

Shares of Main Street Capital Co. (NYSE:MAIN) shot up 0.2% during trading on Wednesday . The stock traded as high as $47.35 and last traded at $47.11. 74,953 shares traded hands during trading, a decline of 79% from the average session volume of 362,646 shares. The stock had previously closed at $47.01.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MAIN. 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. Truist Financial upped their price target on shares of Main Street Capital from $43.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, February 26th. Oppenheimer upped their price target 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 downgraded shares of Main Street Capital from a “buy” rating to a “neutral” rating and set a $47.00 price objective for the company. in a research note on Monday, January 8th. Finally, UBS Group boosted their price objective on shares of Main Street Capital from $43.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $45.50.

Main Street Capital Trading Up 0.2 %

The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.14. The firm’s 50 day simple moving average is $45.66 and its 200-day simple moving average is $42.90. The company has a market capitalization of $4.00 billion, a PE ratio of 9.02 and a beta of 1.29.

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

Main Street Capital Increases Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MAIN. Price T Rowe Associates Inc. MD boosted its stake in shares of Main Street Capital by 250.7% in the second quarter. Price T Rowe Associates Inc. MD now owns 2,501,374 shares of the financial services provider’s stock valued at $96,378,000 after purchasing an additional 1,788,197 shares during the period. Millennium Management LLC bought a new position in Main Street Capital during the 4th quarter valued at $6,674,000. Two Sigma Investments LP bought a new position in Main Street Capital during the 3rd quarter valued at $5,518,000. Tudor Investment Corp Et Al bought a new position in Main Street Capital during the 3rd quarter valued at $6,538,000. Finally, First Financial Bankshares Inc bought a new position in Main Street Capital during the 4th quarter valued at $6,122,000. 20.31% of the stock is currently 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.