Main Street Capital (NYSE:MAIN) Stock Price Up 0.7%

Main Street Capital Co. (NYSE:MAIN) was up 0.7% on Tuesday . The stock traded as high as $48.59 and last traded at $48.51. Approximately 72,364 shares traded hands during trading, a decline of 79% from the average daily volume of 352,169 shares. The stock had previously closed at $48.16.

Wall Street Analyst Weigh In

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

Main Street Capital Trading Up 1.0 %

The stock’s 50-day moving average price is $46.25 and its 200 day moving average price is $43.59. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a market capitalization of $4.14 billion, a PE ratio of 9.30 and a beta of 1.29.

Main Street Capital (NYSE:MAIN) last released its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. Main Street Capital had a return on equity of 14.99% and a net margin of 85.62%. The company had revenue of $129.31 million for the quarter, compared to the consensus estimate of $125.52 million. On average, sell-side analysts expect that Main Street Capital Co. will post 4.07 EPS for the current fiscal year.

Main Street Capital Increases Dividend

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

Institutional Trading of Main Street Capital

Hedge funds have recently bought and sold shares of the stock. Impact Partnership Wealth LLC boosted its holdings in shares of Main Street Capital by 562.3% in the 3rd quarter. Impact Partnership Wealth LLC now owns 1,000 shares of the financial services provider’s stock valued at $41,000 after buying an additional 849 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in Main Street Capital by 73.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,139 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 483 shares during the last quarter. Signaturefd LLC increased its position in shares of Main Street Capital by 157.9% during the third quarter. Signaturefd LLC now owns 1,220 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 747 shares in the last quarter. Hexagon Capital Partners LLC lifted its holdings in shares of Main Street Capital by 23.8% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,744 shares of the financial services provider’s stock valued at $71,000 after purchasing an additional 335 shares during the last quarter. Finally, Scarborough Advisors LLC acquired a new stake in shares of Main Street Capital in the 4th quarter worth $72,000. Hedge funds and other institutional investors own 20.31% of the company’s stock.

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.