Main Street Capital Corp. (NYSE:MAIN) announced a dividend on Wednesday, August 3rd. Shareholders of record on Thursday, October 20th will be given 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. 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. The firm’s 50-day moving average is $34.29 and its 200-day moving average is $32.88.

Main Street Capital Corp. (NYSE:MAIN) last released its quarterly earnings data on Monday, August 8th. The company reported $0.54 earnings per share (EPS) for the quarter, hitting the 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 company earned $42.90 million during the quarter, compared to the consensus estimate of $43.48 million. During the same period in the previous year, the firm earned $0.55 earnings per share. Main Street Capital Corp.’s revenue for the quarter was up 3.9% on a year-over-year basis. Equities research analysts forecast that Main Street Capital Corp. will post $2.16 EPS for the current fiscal year.

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

MAIN has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Main Street Capital Corp. from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Tuesday, July 19th. FBR & Co boosted their target price 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 boosted their target price 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 reissued a “neutral” rating and set a $33.00 target price on shares of Main Street Capital Corp. in a research report on Wednesday, August 10th. Finally, Royal Bank Of Canada boosted their target price 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 investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Main Street Capital Corp. presently has an average rating of “Buy” and an average target price of $35.86.

In other Main Street Capital Corp. news, Chairman Vincent D. Foster bought 2,764 shares of the company’s stock in a transaction on Friday, July 15th. The shares were bought at an average cost of $33.01 per share, with a total value of $91,239.64. Following the completion of the acquisition, the chairman now owns 1,527,417 shares of the company’s stock, valued at $50,420,035.17. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.69% of the company’s stock.

Several hedge funds have recently modified their holdings of MAIN. WFG Advisors LP boosted its stake in shares of Main Street Capital Corp. by 111.8% in the second quarter. WFG Advisors LP now owns 3,600 shares of the company’s stock worth $118,000 after buying an additional 1,900 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Main Street Capital Corp. by 14.1% in the second quarter. JPMorgan Chase & Co. now owns 3,912 shares of the company’s stock worth $129,000 after buying an additional 482 shares during the period. National Asset Management Inc. boosted its stake in shares of 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 during the period. US Bancorp DE boosted its stake in shares of Main Street Capital Corp. by 85.4% in the second quarter. US Bancorp DE now owns 9,902 shares of the company’s stock worth $325,000 after buying an additional 4,561 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Main Street Capital Corp. by 25.1% in the second quarter. Janney Montgomery Scott LLC now owns 11,671 shares of the company’s stock worth $339,000 after buying an additional 2,340 shares during the period. 26.77% of the stock is currently owned by institutional investors.

About Main Street Capital Corp.

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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