Main Street Capital Corp. (NYSE:MAIN) declared a dividend on Wednesday, August 3rd. Shareholders 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.

Main Street Capital Corp. (NYSE:MAIN) opened at 34.43 on Thursday. The stock has a market capitalization of $1.81 billion, a PE ratio of 22.94 and a beta of 0.83. The firm has a 50-day moving average of $34.29 and a 200 day moving average of $32.88. Main Street Capital Corp. has a one year low of $24.21 and a one year high of $34.75.

Main Street Capital Corp. (NYSE:MAIN) last released its quarterly earnings results on Monday, August 8th. The company reported $0.54 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.54. Main Street Capital Corp. had a net margin of 44.40% and a return on equity of 10.30%. The business had revenue of $42.90 million for the quarter, compared to analysts’ expectations of $43.48 million. During the same period last year, the business earned $0.55 EPS. The company’s revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts anticipate 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 Main Street Capital Corp. stock in a transaction on Friday, July 15th. The stock was bought at an average cost of $33.01 per share, with a total value of $91,239.64. Following the transaction, the chairman now owns 1,527,417 shares of the company’s stock, valued at approximately $50,420,035.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.69% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the company. 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 owned by institutional investors.

A number of analysts have recently weighed in on the stock. Robert W. Baird restated an “outperform” rating and issued a $37.00 price target (up from $36.00) on shares of Main Street Capital Corp. in a report on Wednesday, August 17th. Wunderlich raised their price target on shares of Main Street Capital Corp. from $34.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, August 10th. Zacks Investment Research upgraded shares of Main Street Capital Corp. from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Tuesday, July 19th. Royal Bank Of Canada raised their price target on shares of Main Street Capital Corp. from $32.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, August 11th. Finally, FBR & Co raised their price target on shares of Main Street Capital Corp. from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Wednesday, August 10th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Main Street Capital Corp. has a consensus 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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