Main Street Capital Corp. (NYSE:MAIN) declared a special dividend on Wednesday, October 19th. Shareholders of record on Friday, December 16th will be given a dividend of 0.275 per share on Friday, December 23rd. This represents a yield of 6.57%. The ex-dividend date is Wednesday, December 14th.

Main Street Capital Corp. (NYSE:MAIN) traded up 1.72% on Wednesday, reaching $33.78. The company’s stock had a trading volume of 189,794 shares. Main Street Capital Corp. has a 1-year low of $24.21 and a 1-year high of $34.75. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 22.50 and a beta of 0.83. The stock has a 50 day moving average price of $34.23 and a 200-day moving average price of $32.96.

Main Street Capital Corp. (NYSE:MAIN) last posted its quarterly earnings data on Monday, August 8th. The company reported $0.54 earnings per share 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 firm had revenue of $42.90 million for the quarter, compared to analysts’ expectations of $43.48 million. During the same period in the previous year, the company posted $0.55 EPS. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. Equities analysts predict 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)

Several large investors have recently added to or reduced their stakes in the stock. BlackRock Group LTD raised its stake in Main Street Capital Corp. by 14.6% in the second quarter. BlackRock Group LTD now owns 252,769 shares of the company’s stock valued at $8,303,000 after buying an additional 32,142 shares during the last quarter. State of Wisconsin Investment Board raised its stake in Main Street Capital Corp. by 0.8% in the second quarter. State of Wisconsin Investment Board now owns 175,964 shares of the company’s stock valued at $5,780,000 after buying an additional 1,477 shares during the last quarter. Van ECK Associates Corp raised 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 valued at $5,470,000 after buying an additional 19,643 shares during the last quarter. Raymond James & Associates raised its stake in Main Street Capital Corp. by 1.6% in the second quarter. Raymond James & Associates now owns 105,891 shares of the company’s stock valued at $3,479,000 after buying an additional 1,670 shares during the last quarter. Finally, Advisor Group Inc. acquired a new stake in Main Street Capital Corp. during the second quarter valued at about $1,498,000. 26.78% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have weighed in on the stock. National Securities reiterated a “neutral” rating and set a $33.00 price objective on shares of Main Street Capital Corp. in a research report on Wednesday, August 10th. Wunderlich boosted 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. FBR & Co boosted 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. Royal Bank Of Canada boosted 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, RBC Capital Markets restated an “outperform” rating and set a $35.00 price target (up from $32.00) on shares of Main Street Capital Corp. in a report on Saturday, August 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. Main Street Capital Corp. has an average rating of “Buy” and an average target price 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

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