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

Main Street Capital Co. (NYSE:MAIN) rose 0.6% on Friday . The stock traded as high as $50.35 and last traded at $50.19. Approximately 75,922 shares were traded during trading, a decline of 78% from the average daily volume of 346,665 shares. The stock had previously closed at $49.89.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on MAIN shares. Royal Bank of Canada increased their price objective on Main Street Capital from $48.00 to $52.00 and gave the stock an “outperform” rating in a report on Tuesday, April 30th. UBS Group boosted their price objective 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. B. Riley downgraded 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 research note on Monday, January 8th. Truist Financial boosted 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, Oppenheimer upped their price target on Main Street Capital from $41.00 to $43.00 and gave the stock a “market perform” rating in a research note on Monday, February 26th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $46.17.

Main Street Capital Trading Up 1.0 %

The stock has a market cap of $4.28 billion, a P/E ratio of 9.65 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. The firm’s 50 day moving average price is $47.07 and its 200-day moving average price is $44.16.

Main Street Capital (NYSE:MAIN) last issued its earnings results on Thursday, February 22nd. The financial services provider reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. The business had revenue of $129.31 million for 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, equities research analysts forecast 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 disclosed a dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 20th were issued a $0.30 dividend. This represents a yield of 8.37%. This is an increase from Main Street Capital’s previous dividend of $0.24. The ex-dividend date of this dividend was Tuesday, March 19th. Main Street Capital’s dividend payout ratio (DPR) is presently 55.17%.

Institutional Trading of Main Street Capital

A number of institutional investors have recently made changes to their positions in MAIN. Price T Rowe Associates Inc. MD lifted its position in Main Street Capital by 2.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,435,508 shares of the financial services provider’s stock valued at $148,518,000 after purchasing an additional 71,698 shares during the period. Burgundy Asset Management Ltd. lifted its holdings in shares of Main Street Capital by 5.2% during the 4th quarter. Burgundy Asset Management Ltd. now owns 1,073,767 shares of the financial services provider’s stock valued at $46,419,000 after buying an additional 53,232 shares during the period. Van ECK Associates Corp boosted 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 worth $47,726,000 after buying an additional 122,757 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Main Street Capital by 1.4% in the third quarter. Legal & General Group Plc now owns 588,490 shares of the financial services provider’s stock worth $23,902,000 after acquiring an additional 8,091 shares during the period. Finally, Sound Income Strategies LLC increased its position in Main Street Capital by 2.2% during the first quarter. Sound Income Strategies LLC now owns 359,773 shares of the financial services provider’s stock valued at $17,021,000 after acquiring an additional 7,790 shares during the last quarter. 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.