Main Street Capital Corp. (NYSE:MAIN) announced a monthly dividend on Wednesday, August 3rd. Stockholders of record on Thursday, October 20th will be given a dividend of 0.185 per share on Tuesday, November 15th. This represents a $2.22 annualized dividend and a dividend yield of 6.45%. The ex-dividend date of this dividend 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. The firm has a market capitalization of $1.81 billion, a PE ratio of 22.94 and a beta of 0.83. Main Street Capital Corp. has a 52-week low of $24.21 and a 52-week high of $34.75.

Main Street Capital Corp. (NYSE:MAIN) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. The firm had revenue of $42.90 million for the quarter, compared to analyst estimates of $43.48 million. Main Street Capital Corp. had a return on equity of 10.30% and a net margin of 44.40%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.55 earnings per share. On average, equities research analysts forecast that Main Street Capital Corp. will post $2.16 EPS for the current 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 company’s stock in a transaction dated Friday, July 15th. The shares were acquired at an average price of $33.01 per share, for a total transaction of $91,239.64. Following the completion of the purchase, 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 SEC, which is accessible through this link. Insiders own 5.69% of the company’s stock.

Large investors have recently modified their holdings of the company. Clinton Group Inc. raised its stake in shares of 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 during the last quarter. Texas Yale Capital Corp. increased its stake 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 during the period. Van ECK Associates Corp increased its stake 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 during the period. Stratos Wealth Partners LTD. increased its stake in Main Street Capital Corp. by 157.0% in the second quarter. Stratos Wealth Partners LTD. now owns 35,404 shares of the company’s stock worth $1,163,000 after buying an additional 21,630 shares during the period. Finally, Citigroup Inc. increased its stake in Main Street Capital Corp. by 4.5% in the second quarter. Citigroup Inc. now owns 34,427 shares of the company’s stock worth $1,131,000 after buying an additional 1,471 shares during the period. Institutional investors and hedge funds own 26.77% of the company’s stock.

MAIN has been the topic of several analyst reports. FBR & Co lifted their target price on Main Street Capital Corp. from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Wednesday, August 10th. National Securities reiterated a “neutral” rating and issued a $33.00 target price on shares of Main Street Capital Corp. in a research note on Wednesday, August 10th. Wunderlich lifted their target price on Main Street Capital Corp. from $34.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, August 10th. Royal Bank Of Canada lifted their target price on Main Street Capital Corp. from $32.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, August 11th. Finally, RBC Capital Markets reiterated an “outperform” rating and issued a $35.00 target price (up previously from $32.00) on shares of Main Street Capital Corp. in a research note on Saturday, August 13th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $35.86.

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

Receive News & Stock Ratings for Main Street Capital Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Main Street Capital Corp. and related stocks with our FREE daily email newsletter.