Main Street Capital (NYSE:MAIN) Trading Up 0.3%

Main Street Capital Co. (NYSE:MAIN) shares were up 0.3% on Tuesday . The company traded as high as $46.40 and last traded at $46.28. Approximately 64,634 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 359,719 shares. The stock had previously closed at $46.13.

Analysts Set New Price Targets

MAIN has been the subject of a number of analyst reports. UBS Group raised their target price on shares of Main Street Capital from $43.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Royal Bank of Canada increased their target price on Main Street Capital from $46.00 to $48.00 and gave the stock an “outperform” rating in a research note on Monday, January 22nd. Oppenheimer raised their price target on Main Street Capital from $41.00 to $43.00 and gave the company a “market perform” rating in a report on Monday, February 26th. Truist Financial increased their price objective on shares of Main Street Capital from $43.00 to $45.00 and gave the company a “hold” rating in a research report on Monday, February 26th. Finally, B. Riley cut shares of Main Street Capital from a “buy” rating to a “neutral” rating and set a $47.00 target price for the company. in a report on Monday, January 8th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $45.50.

Main Street Capital Price Performance

The firm has a 50-day moving average of $45.46 and a 200 day moving average of $42.71. The company has a market capitalization of $3.98 billion, a PE ratio of 8.96 and a beta of 1.28. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.09 and a quick ratio of 0.09.

Main Street Capital (NYSE:MAIN) last released its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. Main Street Capital had a net margin of 85.62% and a return on equity of 14.99%. The firm had revenue of $129.31 million during the quarter, compared to analysts’ expectations of $125.52 million. As a group, research analysts anticipate that Main Street Capital Co. will post 4.07 earnings per share for the current fiscal year.

Main Street Capital Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 20th were given a dividend of $0.30 per share. This represents a yield of 8.37%. This is a positive change from Main Street Capital’s previous dividend of $0.24. The ex-dividend date was Tuesday, March 19th. Main Street Capital’s payout ratio is 55.17%.

Hedge Funds Weigh In On Main Street Capital

A number of institutional investors have recently bought and sold shares of MAIN. DNB Asset Management AS raised its holdings in Main Street Capital by 71.7% during the fourth quarter. DNB Asset Management AS now owns 87,406 shares of the financial services provider’s stock valued at $3,779,000 after acquiring an additional 36,498 shares during the period. SS&H Financial Advisors Inc. purchased a new position in Main Street Capital during the third quarter valued at $821,000. Van ECK Associates Corp increased its holdings in Main Street Capital by 12.4% in the 3rd quarter. Van ECK Associates Corp now owns 805,063 shares of the financial services provider’s stock valued at $32,709,000 after acquiring an additional 88,802 shares during the last quarter. SMH Capital Advisors Inc. purchased a new stake in Main Street Capital in the 3rd quarter worth $738,000. Finally, Capital Investment Advisors LLC boosted its holdings in shares of Main Street Capital by 0.5% during the 4th quarter. Capital Investment Advisors LLC now owns 52,334 shares of the financial services provider’s stock valued at $2,262,000 after purchasing an additional 236 shares during the last quarter. 20.31% of the stock is owned by institutional investors.

Main Street Capital Company Profile

Main Street Capital Corporation is a business development company specializes in equity capital to lower middle market companies. The firm specializing in recapitalizations, management buyouts, refinancing, family estate planning, management buyouts, refinancing, industry consolidation, mature, later stage emerging growth.