Main Street Capital Corporation Declares Dividend of $0.26 (NYSE:MAIN)

Main Street Capital Corporation (NYSE:MAIN - Get Free Report) declared a dividend on Tuesday, July 1st, investing.com reports. Stockholders of record on Wednesday, July 9th will be given a dividend of 0.255 per share by the financial services provider on Tuesday, July 15th. This represents a dividend yield of 5.18%. The ex-dividend date of this dividend is Tuesday, July 8th.

Main Street Capital has a dividend payout ratio of 78.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. Research 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 Stock Up 1.4%

Main Street Capital stock traded up $0.84 during midday trading on Friday, reaching $61.00. The stock had a trading volume of 383,183 shares, compared to its average volume of 475,401. The company has a fifty day moving average price of $56.48 and a two-hundred day moving average price of $57.33. Main Street Capital has a 12 month low of $45.00 and a 12 month high of $63.32. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $5.43 billion, a P/E ratio of 10.36 and a beta of 0.82.

Main Street Capital (NYSE:MAIN - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The financial services provider reported $1.01 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.01. The firm had revenue of $137.05 million during the quarter, compared to analysts' expectations of $137.50 million. Main Street Capital had a return on equity of 13.02% and a net margin of 94.61%. As a group, equities analysts expect that Main Street Capital will post 4.11 EPS for the current fiscal year.

Insider Activity at Main Street Capital

In related news, EVP Jason B. Beauvais sold 13,664 shares of the business's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $59.37, for a total transaction of $811,231.68. Following the transaction, the executive vice president directly owned 181,526 shares in the company, valued at approximately $10,777,198.62. The trade was a 7.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On 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 Corporation (NYSE:MAIN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,185 shares of the financial services provider's stock, valued at approximately $304,000. Institutional investors own 20.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on MAIN shares. Oppenheimer restated a "market perform" rating on shares of Main Street Capital in a research note on Tuesday, May 13th. Truist Financial decreased their target price on shares of Main Street Capital from $62.00 to $54.00 and set a "hold" rating for the company in a research report on Monday, May 12th. B. Riley raised shares of Main Street Capital to a "hold" rating in a research report on Monday, June 16th. Wall Street Zen upgraded Main Street Capital from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Finally, UBS Group decreased their price objective on Main Street Capital from $55.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $52.80.

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.