Main Street Capital Co. (NYSE:MAIN - Get Free Report) was up 0.4% on Tuesday . The stock traded as high as $56.36 and last traded at $56.27. Approximately 91,133 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 462,450 shares. The stock had previously closed at $56.03.
Wall Street Analyst Weigh In
MAIN has been the topic of several recent analyst reports. UBS Group decreased their target price on shares of Main Street Capital from $55.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Oppenheimer reissued a "market perform" rating on shares of Main Street Capital in a research note on Tuesday, May 13th. Finally, Truist Financial lowered their price objective 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. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Main Street Capital currently has a consensus rating of "Hold" and a consensus target price of $52.80.
View Our Latest Stock Analysis on MAIN
Main Street Capital Trading Down 0.4%
The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of 9.98 and a beta of 0.86. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13. The business's 50 day moving average price is $54.41 and its two-hundred day moving average price is $56.44.
Main Street Capital (NYSE:MAIN - Get Free Report) last issued its earnings results on Thursday, May 8th. The financial services provider reported $1.01 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.01. Main Street Capital had a net margin of 89.25% and a return on equity of 13.83%. The firm had revenue of $137.05 million for the quarter, compared to analyst estimates of $137.50 million. On average, equities analysts predict that Main Street Capital Co. will post 4.11 earnings per share for the current fiscal year.
Main Street Capital Increases Dividend
The company also recently disclosed a monthly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 8th will be given a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, September 8th. This represents a $3.06 dividend on an annualized basis and a yield of 5.55%. This is a positive change from Main Street Capital's previous monthly dividend of $0.25. Main Street Capital's payout ratio is currently 50.93%.
Insider Buying and Selling at Main Street Capital
In related news, CEO Dwayne L. Hyzak sold 120,000 shares of the firm's stock in a transaction on Wednesday, March 26th. The stock was 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 $23,357,636.55. This trade represents a 22.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David L. Magdol sold 100,000 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 value of $5,805,000.00. Following the completion of the sale, the insider now owns 377,182 shares in the company, valued at $21,895,415.10. This trade represents a 20.96% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.09% of the company's stock.
Hedge Funds Weigh In On Main Street Capital
A number of hedge funds have recently made changes to their positions in MAIN. Barclays PLC increased its position in Main Street Capital by 75.6% during the 3rd quarter. Barclays PLC now owns 72,265 shares of the financial services provider's stock valued at $3,624,000 after purchasing an additional 31,110 shares during the period. Park Avenue Securities LLC bought a new position in Main Street Capital during the fourth quarter worth $222,000. Paradiem LLC lifted its holdings in Main Street Capital by 0.3% in the fourth quarter. Paradiem LLC now owns 280,593 shares of the financial services provider's stock valued at $16,437,000 after buying an additional 732 shares during the period. Janney Montgomery Scott LLC boosted its position in Main Street Capital by 2.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 20,670 shares of the financial services provider's stock valued at $1,211,000 after acquiring an additional 494 shares during the last quarter. Finally, Wesbanco Bank Inc. acquired a new stake in Main Street Capital during the 4th quarter worth about $220,000. 20.31% of the stock is currently owned by institutional investors.
About Main Street Capital
(
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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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