Main Street Capital (NYSE:MAIN) Sets New 52-Week High at $50.70

Shares of Main Street Capital Co. (NYSE:MAIN) hit a new 52-week high during trading on Monday . The stock traded as high as $50.70 and last traded at $50.70, with a volume of 2619 shares. The stock had previously closed at $50.37.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MAIN. UBS Group lifted their price target on shares of Main Street Capital from $43.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Oppenheimer lifted their price objective 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. Royal Bank of Canada lifted their target price 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. Finally, Truist Financial lifted their price target on Main Street Capital from $43.00 to $45.00 and gave the company a “hold” rating in a report on Monday, February 26th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $46.17.

Main Street Capital Trading Up 0.1 %

The business has a 50-day moving average price of $47.26 and a two-hundred day moving average price of $44.35. The company has a market cap of $4.31 billion, a P/E ratio of 9.71 and a beta of 1.25. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.14.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings results 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 net margin of 85.62% and a return on equity of 14.99%. The company had revenue of $129.31 million during the quarter, compared to analysts’ expectations of $125.52 million. On average, analysts predict that Main Street Capital Co. will post 4.07 EPS for the current year.

Main Street Capital Increases Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. LifeSteps Financial Inc. bought a new stake in Main Street Capital during the 1st quarter worth approximately $35,000. Nomura Asset Management Co. Ltd. increased its position in shares of Main Street Capital by 73.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,139 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 483 shares in the last quarter. Signaturefd LLC raised its holdings 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 acquiring an additional 747 shares during the period. Scarborough Advisors LLC bought a new stake in Main Street Capital in the 4th quarter valued at $72,000. Finally, Newbridge Financial Services Group Inc. lifted its holdings in shares of Main Street Capital by 32.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,733 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 420 shares in the last quarter. 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.