Main Street Capital (NYSE:MAIN) Trading 1.2% Higher

Main Street Capital Co. (NYSE:MAIN) was up 1.2% on Friday . The company traded as high as $48.51 and last traded at $48.44. Approximately 73,136 shares changed hands during trading, a decline of 80% from the average daily volume of 363,040 shares. The stock had previously closed at $47.85.

Analyst Ratings Changes

Several analysts recently commented on the company. B. Riley boosted their price target on Main Street Capital from $47.00 to $49.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Truist Financial upped their price objective on shares of Main Street Capital from $45.00 to $52.00 and gave the stock a “hold” rating in a research note on Monday, May 13th. Royal Bank of Canada raised their price objective on shares of Main Street Capital from $48.00 to $52.00 and gave the stock an “outperform” rating in a report on Tuesday, April 30th. Oppenheimer boosted their target price on Main Street Capital from $41.00 to $43.00 and gave the stock a “market perform” rating in a report on Monday, February 26th. Finally, UBS Group lifted their price objective on Main Street Capital from $43.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $47.67.

Main Street Capital Stock Up 1.5 %

The firm has a 50 day moving average price of $48.12 and a 200-day moving average price of $45.22. The firm has a market cap of $4.16 billion, a price-to-earnings ratio of 8.86 and a beta of 1.25. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.10 and a quick ratio of 0.10.

Main Street Capital (NYSE:MAIN) last released its earnings results on Thursday, May 9th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.02. Main Street Capital had a net margin of 89.11% and a return on equity of 14.83%. The company had revenue of $131.61 million for the quarter, compared to the consensus estimate of $128.00 million. During the same period in the prior year, the company posted $1.02 EPS. As a group, equities analysts predict that Main Street Capital Co. will post 4.06 EPS for the current fiscal year.

Main Street Capital Announces Dividend

The firm also recently announced a dividend, which will be paid on Thursday, June 27th. Shareholders of record on Friday, June 21st will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, June 21st. Main Street Capital’s dividend payout ratio is presently 52.55%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Paradiem LLC increased its holdings in Main Street Capital by 53.5% in the fourth quarter. Paradiem LLC now owns 183,490 shares of the financial services provider’s stock valued at $7,932,000 after purchasing an additional 63,928 shares during the last quarter. DNB Asset Management AS raised its position in shares of Main Street Capital by 71.7% in the 4th quarter. DNB Asset Management AS now owns 87,406 shares of the financial services provider’s stock valued at $3,779,000 after acquiring an additional 36,498 shares during the period. Baader Bank Aktiengesellschaft bought a new position in Main Street Capital during the 4th quarter worth approximately $273,000. Van ECK Associates Corp boosted its position in shares of Main Street Capital by 12.4% during the third quarter. Van ECK Associates Corp now owns 805,063 shares of the financial services provider’s stock worth $32,709,000 after purchasing an additional 88,802 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. acquired a new stake in Main Street Capital during the 4th quarter worth $4,884,000. Institutional investors and hedge funds 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.