Main Street Capital (NYSE:MAIN) Shares Down 0.5%

Main Street Capital Co. (NYSE:MAIN)’s stock price fell 0.5% on Thursday . The stock traded as low as $48.39 and last traded at $48.58. 93,904 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 350,147 shares. The stock had previously closed at $48.80.

Analysts Set New Price Targets

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

Main Street Capital Stock Down 0.2 %

The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $4.14 billion, a PE ratio of 9.32 and a beta of 1.29. The stock’s fifty day simple moving average is $46.43 and its 200-day simple moving average is $43.69.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The firm had revenue of $129.31 million for 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, sell-side analysts forecast that Main Street Capital Co. will post 4.07 EPS for the current fiscal year.

Main Street Capital Increases Dividend

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

Hedge Funds Weigh In On Main Street Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in MAIN. Impact Partnership Wealth LLC lifted its holdings in Main Street Capital by 562.3% during the third 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. lifted its holdings in Main Street Capital by 73.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,139 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 483 shares during the last quarter. Signaturefd LLC lifted its holdings in Main Street Capital by 157.9% during the third quarter. Signaturefd LLC now owns 1,220 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 747 shares during the last quarter. Scarborough Advisors LLC purchased a new stake in Main Street Capital during the fourth quarter valued at about $72,000. Finally, Newbridge Financial Services Group Inc. lifted its holdings in Main Street Capital by 32.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,733 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 420 shares during the last quarter. 20.31% of the stock is owned by hedge funds and other institutional investors.

About Main Street Capital

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.