Main Street Capital Co. (NYSE:MAIN - Get Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as $52.60 and last traded at $53.55, with a volume of 458611 shares changing hands. The stock had previously closed at $54.22.
Analysts Set New Price Targets
MAIN has been the topic of several recent research reports. UBS Group cut their price objective on shares of 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. Truist Financial raised their price target on shares of Main Street Capital from $52.00 to $62.00 and gave the company a "hold" rating in a report on Monday, March 3rd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $52.60.
Check Out Our Latest Stock Report on MAIN
Main Street Capital Stock Performance
The stock's 50-day moving average price is $55.39 and its 200 day moving average price is $56.25. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.13. The company has a market cap of $4.76 billion, a P/E ratio of 9.73 and a beta of 0.98.
Main Street Capital (NYSE:MAIN - Get Free Report) last released its earnings results on Thursday, February 27th. The financial services provider reported $1.02 earnings per share for the quarter, missing analysts' consensus estimates of $1.08 by ($0.06). The firm had revenue of $140.44 million for the quarter, compared to analyst estimates of $141.40 million. Main Street Capital had a return on equity of 13.83% and a net margin of 89.25%. As a group, research analysts expect that Main Street Capital Co. will post 4.11 EPS for the current fiscal year.
Main Street Capital Cuts Dividend
The firm also recently declared a dividend, which will be paid on Thursday, May 15th. Stockholders of record on Friday, May 9th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a dividend yield of 5.7%. Main Street Capital's dividend payout ratio (DPR) is presently 51.37%.
Insider Transactions at Main Street Capital
In other Main Street Capital news, insider David L. Magdol sold 100,000 shares of the firm's stock in a transaction on Wednesday, March 26th. The shares were 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 in the company, valued at $21,895,415.10. This trade represents a 20.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Dwayne L. Hyzak sold 120,000 shares of the company's 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 transaction, the chief executive officer now directly owns 402,371 shares of the company's stock, valued at $23,357,636.55. This represents 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 Inflows and Outflows
A number of large investors have recently modified their holdings of the company. US Bancorp DE grew its holdings in shares of Main Street Capital by 8.4% in the 4th quarter. US Bancorp DE now owns 2,579 shares of the financial services provider's stock worth $151,000 after purchasing an additional 200 shares during the last quarter. PFG Investments LLC boosted its position in Main Street Capital by 1.6% in the fourth quarter. PFG Investments LLC now owns 13,642 shares of the financial services provider's stock valued at $799,000 after buying an additional 219 shares in the last quarter. Harbour Investments Inc. grew its stake in Main Street Capital by 6.9% during the fourth quarter. Harbour Investments Inc. now owns 3,512 shares of the financial services provider's stock worth $206,000 after buying an additional 228 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Main Street Capital by 0.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 58,955 shares of the financial services provider's stock worth $3,454,000 after buying an additional 229 shares during the last quarter. Finally, Uncommon Cents Investing LLC raised its stake in shares of Main Street Capital by 1.4% in the first quarter. Uncommon Cents Investing LLC now owns 16,206 shares of the financial services provider's stock valued at $917,000 after acquiring an additional 231 shares during the last quarter. 20.31% of the stock is currently owned by institutional investors and hedge funds.
Main Street Capital Company Profile
(
Get Free Report)
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.
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