Main Street Capital (NYSE:MAIN) Trading Up 0.6%

Shares of Main Street Capital Co. (NYSE:MAIN) were up 0.6% during trading on Tuesday . The company traded as high as $51.08 and last traded at $50.96. Approximately 144,088 shares changed hands during trading, a decline of 59% from the average daily volume of 347,829 shares. The stock had previously closed at $50.64.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MAIN. Royal Bank of Canada increased their price target on shares of Main Street Capital from $48.00 to $52.00 and gave the company an “outperform” rating in a research note on Tuesday, April 30th. Oppenheimer increased their price objective on Main Street Capital from $41.00 to $43.00 and gave the stock a “market perform” rating in a research report on Monday, February 26th. UBS Group raised their target price on Main Street Capital from $43.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Truist Financial upped their price target on Main Street Capital from $43.00 to $45.00 and gave the company a “hold” rating in a research note on Monday, February 26th. Finally, B. Riley downgraded Main Street Capital from a “buy” rating to a “neutral” rating and set a $47.00 price objective for the company. 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $46.17.

Main Street Capital Stock Performance

The stock has a 50 day simple moving average of $47.17 and a two-hundred day simple moving average of $44.27. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 9.76 and a beta of 1.25. 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 posted 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. The business had revenue of $129.31 million during the quarter, compared to the consensus estimate of $125.52 million. Main Street Capital had a return on equity of 14.99% and a net margin of 85.62%. As a group, analysts anticipate that Main Street Capital Co. will post 4.07 earnings per share for the current year.

Main Street Capital Increases Dividend

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

Institutional Investors Weigh In On Main Street Capital

A number of large investors have recently added to or reduced their stakes in MAIN. Sanders Morris Harris LLC purchased a new stake in Main Street Capital during the 1st quarter worth about $9,889,000. Tudor Investment Corp Et Al acquired a new position in shares of Main Street Capital in the 3rd quarter valued at $6,538,000. First Financial Bankshares Inc purchased a new stake in Main Street Capital during the fourth quarter valued at about $6,122,000. Confluence Investment Management LLC acquired a new stake in Main Street Capital during the 1st quarter worth approximately $6,110,000. Finally, Van ECK Associates Corp raised its stake in shares of Main Street Capital by 13.9% in the 1st quarter. Van ECK Associates Corp now owns 1,008,783 shares of the financial services provider’s stock valued at $47,726,000 after acquiring an additional 122,757 shares during the period. 20.31% of the stock is owned by institutional investors and hedge funds.

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.