Main Street Capital (NYSE:MAIN) Stock Price Up 0.2%

Main Street Capital Co. (NYSE:MAIN) shot up 0.2% on Thursday . The company traded as high as $47.14 and last traded at $47.06. 48,668 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 354,762 shares. The stock had previously closed at $46.96.

Analyst Ratings Changes

A number of research firms have recently weighed in on MAIN. Truist Financial lifted their price target on shares of Main Street Capital from $43.00 to $45.00 and gave the company a “hold” 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 report on Monday, January 8th. UBS Group boosted their price objective on shares of Main Street Capital from $43.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Royal Bank of Canada boosted their price objective on shares of Main Street Capital from $46.00 to $48.00 and gave the company an “outperform” rating in a research report on Monday, January 22nd. Finally, Oppenheimer boosted their price objective on shares of Main Street Capital from $41.00 to $43.00 and gave the company a “market perform” rating in a research report on Monday, February 26th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $45.50.

Main Street Capital Stock Up 0.2 %

The firm’s fifty day moving average price is $46.07 and its 200-day moving average price is $43.40. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 9.02 and a beta of 1.29. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.09 and a quick ratio of 0.09.

Main Street Capital (NYSE:MAIN) last announced its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.06. The company 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%. Sell-side analysts expect that Main Street Capital Co. will post 4.07 earnings per share for the current fiscal year.

Main Street Capital Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 20th were issued a dividend of $0.30 per share. 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 Trading of Main Street Capital

Several institutional investors have recently modified their holdings of the business. NBC Securities Inc. grew its stake in shares of Main Street Capital by 6.7% in the fourth quarter. NBC Securities Inc. now owns 3,686 shares of the financial services provider’s stock worth $159,000 after purchasing an additional 233 shares during the last quarter. Capital Investment Advisors LLC grew its stake in shares of Main Street Capital by 0.5% in the fourth quarter. Capital Investment Advisors LLC now owns 52,334 shares of the financial services provider’s stock worth $2,262,000 after purchasing an additional 236 shares during the last quarter. Gradient Investments LLC grew its stake in shares of Main Street Capital by 10.3% in the fourth quarter. Gradient Investments LLC now owns 2,661 shares of the financial services provider’s stock worth $115,000 after purchasing an additional 248 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of Main Street Capital by 0.6% in the fourth quarter. Larson Financial Group LLC now owns 40,973 shares of the financial services provider’s stock worth $1,771,000 after purchasing an additional 263 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of Main Street Capital by 3.6% in the third quarter. Janney Montgomery Scott LLC now owns 7,706 shares of the financial services provider’s stock worth $313,000 after purchasing an additional 269 shares during the last quarter. Institutional investors own 20.31% of the company’s stock.

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.