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

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

Wall Street Analyst Weigh In

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

Main Street Capital Price Performance

The company has a market cap of $3.98 billion, a price-to-earnings ratio of 8.96 and a beta of 1.28. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.14. The company has a fifty day simple moving average of $45.46 and a two-hundred day simple moving average of $42.71.

Main Street Capital (NYSE:MAIN) last posted its earnings results 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 the consensus estimate of $125.52 million. On average, equities 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 business also recently disclosed 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%. The ex-dividend date of this dividend was Tuesday, March 19th. This is a boost from Main Street Capital’s previous dividend of $0.24. Main Street Capital’s dividend payout ratio (DPR) is currently 55.17%.

Hedge Funds Weigh In On Main Street Capital

Several institutional investors and hedge funds have recently modified their holdings of MAIN. Citigroup Inc. increased its stake in shares of Main Street Capital by 945.9% during the 3rd quarter. Citigroup Inc. now owns 638 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 577 shares during the last quarter. Impact Partnership Wealth LLC lifted its stake 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 purchasing an additional 849 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of Main Street Capital by 73.6% during the 4th 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 period. Signaturefd LLC raised its holdings in Main Street Capital by 157.9% in the third quarter. Signaturefd LLC now owns 1,220 shares of the financial services provider’s stock valued at $50,000 after buying an additional 747 shares during the period. Finally, ICA Group Wealth Management LLC acquired a new position in Main Street Capital during the fourth quarter valued at approximately $55,000. Hedge funds and other institutional investors own 20.31% of the company’s stock.

About Main Street Capital

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.