Main Street Capital Corp. (NYSE:MAIN) announced a dividend on Wednesday, August 3rd. Stockholders of record on Thursday, October 20th will be paid a dividend of 0.185 per share on Friday, November 11th. The ex-dividend date is Tuesday, October 18th.

Shares of Main Street Capital Corp. (NYSE:MAIN) opened at 34.43 on Thursday. The stock’s 50 day moving average is $34.29 and its 200 day moving average is $32.88. Main Street Capital Corp. has a 12 month low of $24.21 and a 12 month high of $34.75. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 22.94 and a beta of 0.83.

Main Street Capital Corp. (NYSE:MAIN) last announced its earnings results on Monday, August 8th. The company reported $0.54 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.54. Main Street Capital Corp. had a net margin of 44.40% and a return on equity of 10.30%. The business earned $42.90 million during the quarter, compared to analysts’ expectations of $43.48 million. During the same quarter in the prior year, the company posted $0.55 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis. Equities research analysts forecast that Main Street Capital Corp. will post $2.16 earnings per share for the current fiscal year.

Dividend History for Main Street Capital Corp. (NYSE:MAIN)

In other Main Street Capital Corp. news, Chairman Vincent D. Foster purchased 2,764 shares of the stock in a transaction that occurred on Friday, July 15th. The shares were acquired at an average cost of $33.01 per share, with a total value of $91,239.64. Following the completion of the transaction, the chairman now owns 1,527,417 shares in the company, valued at $50,420,035.17. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.69% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in MAIN. National Asset Management Inc. raised its position in Main Street Capital Corp. by 2.4% in the second quarter. National Asset Management Inc. now owns 8,611 shares of the company’s stock worth $283,000 after buying an additional 203 shares in the last quarter. Wellington Shields Capital Management LLC raised its position in Main Street Capital Corp. by 10.9% in the second quarter. Wellington Shields Capital Management LLC now owns 36,150 shares of the company’s stock worth $1,188,000 after buying an additional 3,550 shares in the last quarter. Clinton Group Inc. raised its position in Main Street Capital Corp. by 14.6% in the second quarter. Clinton Group Inc. now owns 21,105 shares of the company’s stock worth $693,000 after buying an additional 2,696 shares in the last quarter. Texas Yale Capital Corp. raised its position in Main Street Capital Corp. by 14.6% in the second quarter. Texas Yale Capital Corp. now owns 37,643 shares of the company’s stock worth $1,237,000 after buying an additional 4,800 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in Main Street Capital Corp. by 13.4% in the second quarter. Van ECK Associates Corp now owns 166,511 shares of the company’s stock worth $5,470,000 after buying an additional 19,643 shares in the last quarter. 26.77% of the stock is currently owned by institutional investors and hedge funds.

MAIN has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Main Street Capital Corp. from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a report on Tuesday, July 19th. FBR & Co upped their price target on shares of Main Street Capital Corp. from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 10th. Wunderlich upped their price target on shares of Main Street Capital Corp. from $34.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, August 10th. National Securities reaffirmed a “neutral” rating and set a $33.00 price target on shares of Main Street Capital Corp. in a research report on Wednesday, August 10th. Finally, Royal Bank Of Canada upped their price target on shares of Main Street Capital Corp. from $32.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, August 11th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $35.86.

Main Street Capital Corp. Company Profile

Main Street Capital Corporation (MSCC) is a principal investment firm. MSCC is primarily focused on providing customized debt and equity financing to lower middle market (LMM) companies and debt capital to middle market (Middle Market) companies. The Company’s portfolio investments are made to support management buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in various industry sectors.

5 Day Chart for NYSE:MAIN

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