Main Street Capital Co. Announces Dividend of $0.25 (NYSE:MAIN)

Main Street Capital Co. (NYSE:MAIN - Get Free Report) announced a dividend on Friday, May 2nd, investing.com reports. Stockholders of record on Friday, May 9th will be given a dividend of 0.25 per share by the financial services provider on Thursday, May 15th. This represents a dividend yield of 5.7%. The ex-dividend date is Thursday, May 8th.

Main Street Capital has increased its dividend payment by an average of 8.6% per year over the last three years. Main Street Capital has a dividend payout ratio of 75.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. Analysts expect Main Street Capital to earn $4.06 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 73.9%.

Main Street Capital Trading Down 1.3 %

MAIN traded down $0.71 on Monday, hitting $53.12. 535,209 shares of the company were exchanged, compared to its average volume of 446,068. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.08 and a current ratio of 0.08. The firm has a fifty day simple moving average of $55.39 and a two-hundred day simple moving average of $56.28. The stock has a market capitalization of $4.70 billion, a PE ratio of 9.62 and a beta of 0.98. Main Street Capital has a 12 month low of $45.00 and a 12 month high of $63.32.

Main Street Capital (NYSE:MAIN - Get Free Report) last posted its earnings results on Thursday, February 27th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.06). Main Street Capital had a net margin of 89.25% and a return on equity of 13.83%. The business had revenue of $140.44 million for the quarter, compared to analysts' expectations of $141.40 million. Sell-side analysts expect that Main Street Capital will post 4.11 earnings per share for the current year.

Insider Buying and Selling at Main Street Capital

In other news, insider David L. Magdol sold 100,000 shares of Main Street Capital stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $58.05, for a total value of $5,805,000.00. Following the sale, the insider now directly owns 377,182 shares of the company's stock, valued at approximately $21,895,415.10. The trade was a 20.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Dwayne L. Hyzak sold 120,000 shares of the stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $58.05, for a total transaction of $6,966,000.00. Following the completion of the transaction, the chief executive officer now directly owns 402,371 shares of the company's stock, valued at approximately $23,357,636.55. The trade was a 22.97 % decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Main Street Capital

A hedge fund recently bought a new stake in Main Street Capital stock. Brighton Jones LLC bought a new stake in Main Street Capital Co. (NYSE:MAIN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,185 shares of the financial services provider's stock, valued at approximately $304,000. Institutional investors and hedge funds own 20.31% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on MAIN shares. Truist Financial increased their price objective on Main Street Capital from $52.00 to $62.00 and gave the stock a "hold" rating in a report on Monday, March 3rd. UBS Group dropped their price objective on Main Street Capital from $55.00 to $54.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $52.60.

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.